Vietnam and the United States hold second round of negotiations on reciprocal trade

The second negotiation session of the Bilateral Agreement on Reciprocal Trade between Vietnam and the United States began on the morning of May 19 (US time) in Washington DC, USA.

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

A representative of the Ministry of Industry and Trade informed that on May 19 (local time, ie May 19 and May 20 Hanoi 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 exchanged openly, frankly and constructively on groups of issues of mutual concern in the direction of clarifying the contents of the Agreement's text, providing each other with information on each side's current policies to have a basis for implementing the next steps.

On the same day, Minister Nguyen Hong Dien worked with Westinghouse Group - one of the world's leading corporations in nuclear power technology. At the meeting, the Minister said that Vietnam has a policy to restart 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 take a cautious, modern and practical approach, and 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, while emphasizing the importance of long-term energy cooperation.

The two sides agreed to share information and move towards signing an MOU between Westinghouse and the Vietnam National Energy 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 to serve the nuclear power industry./.

According to VNA

Source: https://baobinhduong.vn/viet-nam-va-hoa-ky-hop-phien-dam-phan-lan-thu-2-ve-thuong-mai-doi-ung-a347322.html