Vietnam, U.S. Announce Joint Statement on Reciprocal Trade Agreement Framework
Key provisions of the Reciprocal Trade Agreement, fair and balanced between the United States and Vietnam, will include:
– Vietnam will grant preferential market access for nearly all U.S. agricultural and industrial exports.
– The U.S. will maintain the reciprocal 20% tariff as stipulated in Executive Order 14257 dated April 2, 2025, as amended, on goods originating from Vietnam; and will identify products listed in Appendix III of Executive Order 14356 dated September 5, 2025, “Potential Tariff Adjustments for Like-Minded Partners,” to qualify for a 0% reciprocal tariff.
– The U.S. and Vietnam will cooperate constructively to address mutual concerns regarding non-tariff barriers affecting bilateral trade in priority sectors.
– Vietnam has agreed to address these barriers by accepting vehicles produced under U.S. safety and emission standards; resolving issues related to import licenses for U.S. medical devices; simplifying regulatory requirements and approval processes for U.S. pharmaceuticals; fully implementing Vietnam’s obligations under international intellectual property treaties to which it is a party; and addressing U.S. concerns related to conformity assessment procedures.
– The U.S. and Vietnam have committed to addressing and preventing barriers to U.S. agricultural products in the Vietnamese market, including through U.S.-regulated monitoring mechanisms and acceptance of mutually agreed-upon certificates issued by U.S. regulatory agencies.
– The U.S. and Vietnam will agree on commitments related to digital trade, services, and investment.
– The U.S. and Vietnam will discuss intellectual property, labor, environment, customs, trade facilitation, regulatory practices, and potential trade-distorting practices by state-owned enterprises.
– The U.S. and Vietnam commit to enhancing cooperation toward shared goals in strengthening supply chain resilience, including addressing tariff evasion and coordinating on export controls.
– Additionally, the U.S. and Vietnam acknowledge recent trade agreements between U.S. and Vietnamese companies in agriculture, aerospace, and energy.
– Vietnam Airlines has signed a contract with Boeing to purchase 50 aircraft valued at over $8 billion.
– Vietnamese companies have signed twenty memoranda of understanding with U.S. companies to purchase U.S. agricultural products, with an estimated total value of over $2.9 billion.
In the coming weeks, the U.S. and Vietnam will continue discussions to finalize the Reciprocal Trade Agreement, prepare for its signing, and complete necessary internal procedures for the agreement to take effect.
 On the sidelines of the 47th ASEAN Summit and related summits held on October 26, 2025, in Malaysia, Prime Minister Pham Minh Chinh had a brief meeting with U.S. President Donald Trump – Photo: VGP
|
In discussions with Prime Minister Pham Minh Chinh, U.S. President Donald Trump requested U.S. Trade Representative Jamieson Greer to support Vietnam and expedite the completion of negotiations for the Reciprocal Trade Agreement
|
On the afternoon of October 26, in Malaysia, Minister Nguyen Hong Dien and the Ministry of Industry and Trade delegation met with U.S. Deputy Secretary of State for Economic, Environmental, and Energy Affairs Jacob Helberg, with a shared commitment to finalizing and signing the Reciprocal Trade Agreement
|
 On the sidelines of the 13th ASEAN-U.S. Summit, Minister Nguyen Hong Dien met with U.S. Trade Representative Jamieson Greer to discuss and agree on accelerating negotiations toward completing the Reciprocal Trade Agreement
|
|
Since late April 2025, Vietnam and the U.S. have held multiple rounds of reciprocal trade negotiations at both technical and ministerial levels. The Vietnamese government’s negotiation team, led by Minister of Industry and Trade Nguyen Hong Dien, includes leaders and officials from the Ministries of Industry and Trade, Foreign Affairs, Public Security, Finance, Justice, Agriculture and Environment, Science and Technology, Home Affairs, Construction, Health, the State Bank of Vietnam, and the Vietnamese Embassy in the U.S. Several in-person and online negotiation sessions have taken place between Minister Nguyen Hong Dien and U.S. Trade Representative Jamieson Greer, as well as U.S. Secretary of Commerce Howard Lutnick. In the early hours of August 1, 2025 (Vietnam time), the White House issued an Executive Order from President Donald Trump adjusting reciprocal tariffs, reducing Vietnam’s tariff from 46% to 20%, as listed in Appendix I. According to Vietnam Customs data as of September 2025, bilateral trade turnover reached approximately $126.4 billion. |
– 04:58 27/10/2025
Carbon Credits: The Nexus of Transparency and Risk Management
As carbon credits emerge as tradable assets, businesses gain stronger incentives to reduce emissions. However, this shift also demands heightened transparency and robust risk management to maintain a competitive edge in the global marketplace.
Shaping Vietnam’s Future: Secretary General Invites Scientists to Envision the Nation’s Identity
Secretary-General Tô Lâm emphasized that scientists should not only explore “Who Vietnam was in the past,” but also actively contribute to answering the question, “Who Vietnam will be in the future.”
Money Laundering Through Illicit Bank Account and Business Transactions
High-tech criminals engaging in money laundering are becoming increasingly dangerous, sophisticated, and complex, making the need for robust anti-money laundering (AML) measures in the digital economy a critical challenge for nations worldwide, including Vietnam. As Vietnam’s economy becomes more open and interconnected, the urgency to enhance risk identification and mitigation in AML efforts has never been more pressing.
Explosive Revenue Growth: Khải Hoàn Land Achieves Remarkable Quarterly Performance
In Q3/2025, Khai Hoan Land Corporation (HSX: KHG) reported a significant surge in both revenue and profit compared to the same period last year, marking a robust financial performance.
Asia’s Ambitious FDI Target: $1 Billion for the Year, While Vietnam Surpasses It 26 Times in Just 9 Months
This nation sets a remarkably modest FDI target.
