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Vietnam Ready to Engage with US on Trade Issues

by Mich M.
02/13/2025
in Tariffs & Duties

HANOI – Vietnam has expressed its readiness to engage in discussions with the United States to address trade concerns and enhance mutual understanding amid growing global trade tensions following recent actions by the U.S. administration.

A spokesperson from the Ministry of Foreign Affairs highlighted Vietnam’s commitment to sharing information and maintaining open dialogue with the U.S. to address potential challenges. This comes as Prime Minister Phạm Minh Chính urged government ministries and agencies to prepare for any impacts from international trade developments.

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Vietnam closely monitors global economic trends and is prepared to implement measures that reduce potential economic impacts, while contributing to the healthy development of international trade. The country remains committed to adhering to international legal frameworks and upholding its bilateral and multilateral trade commitments.

In response to the U.S. decision to impose a 25% tariff on imported aluminum and steel products, Vietnam has emphasized its commitment to maintaining strong bilateral relations with the U.S. The two countries have developed significant trade and investment ties, and Vietnam aims to continue constructive dialogue to further strengthen these relations.

The foreign ministry also addressed concerns raised by foreign businesses operating in Vietnam regarding U.S. trade policies, assuring them that the country remains focused on creating a favorable business environment by simplifying regulations and supporting investment growth.

President Donald Trump’s recent decision to implement reciprocal tariffs on countries that impose duties on U.S. imports has raised concerns about an escalating global trade war. Vietnam’s foreign ministry reaffirmed its readiness to continue engaging with the U.S. to address outstanding trade issues and promote further cooperation in economic and trade relations.

Stay updated with the latest in supply chain news at The Supply Chain Report. For free international trade tools, visit ADAMftd.com.

#VietnamUSRelations #GlobalTradeTensions #TariffsAndDuties #TradeNegotiations #EconomicCooperation

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  • Home
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© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.