The United States of America (USA) and the Socialist Republic of Vietnam (Vietnam) have reached a consensus on the Framework for a Reciprocal, Fair, and Balanced Trade Agreement. This agreement aims to strengthen bilateral economic ties, fostering enhanced market access for each country’s exports. Building upon the longstanding economic relationship between the two nations, the Reciprocal, Fair, and Balanced Trade Agreement will expand upon existing foundations, including the U.S.-Vietnam Bilateral Trade Agreement signed in 2000 and effective since 2001.