Vietnam - US enter 2nd negotiation session of Bilateral Agreement on Reciprocal Trade

The second round of negotiations on the Bilateral Agreement on Reciprocal Trade between Vietnam and the United States began on the morning of May 19 (local time) in Washington DC, United States.

According to the agreed plan, the second negotiation session of the Bilateral Agreement on Reciprocal Trade between Vietnam and the United States will be held from May 19-22, 2025 in Washington DC, USA. The Vietnamese negotiation delegation is led by Minister of Industry and Trade Nguyen Hong Dien, Head of the Government Negotiation Delegation, with the participation of delegation members and representatives of ministries and branches including: Public Security, Foreign Affairs, Finance, Construction, Home Affairs, Agriculture and Environment, Science and Technology, Justice and the State Bank.

On May 19, 2025 (local time) - the first day of the negotiation session, the Vietnamese and US negotiating delegations spent time discussing the overall approach to resolving fundamental issues of mutual concern and accelerating the negotiation process.

The two sides also discussed openly, frankly and constructively on issues of mutual concern in order to clarify the contents of the Agreement text and provide each other with information on each side's current policies, thereby providing a basis for implementing further work.

Minister of Industry and Trade Nguyen Hong Dien works with Westinghouse Corporation - one of the world's leading corporations in nuclear power technology.

Energy development cooperation contributes to balancing bilateral trade

On the same day, Minister of Industry and Trade Nguyen Hong Dien worked with Westinghouse Corporation - one of the world's leading corporations in nuclear power technology.

At the meeting, Minister Nguyen Hong Dien said that Vietnam has a policy of restarting the nuclear power program to ensure energy security in the context of high electricity demand and unstable renewable energy. The Minister emphasized that Vietnam will approach the issue in a cautious, modern and practical manner.

The Minister also shared that Vietnam currently has many potential locations for nuclear power development. This is the basis for promoting cooperation with international partners such as Westinghouse, including large-scale and small-scale nuclear power (SMR) projects. The Minister affirmed that energy development cooperation will also be an important driving force contributing to balancing the bilateral trade balance.

Ms. Margaret Cosentino, Vice President of Westinghouse, expressed strong support for Vietnam's plan and emphasized the importance of long-term energy cooperation. The two sides agreed to share information and sign a MOU between Westinghouse and the Vietnam National Energy and Industry Group ( Petrovietnam ) in the field of nuclear power development, continuing to promote cooperation, especially in key areas such as developing energy infrastructure investment models (PPP, BOT), technology transfer as well as training and developing technical human resources for the nuclear power industry.

Anh Tho

Source: https://baochinhphu.vn/viet-nam-hoa-ky-buoc-vao-phien-dam-phan-thu-2-hiep-dinh-song-phuong-ve-thuong-mai-doi-ung-102250520092801535.htm