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News in English (USA) / 24.05.2025 / 19:00

Vietnam and U.S. Progress in Trade Negotiations Amid Tariff Concerns

Vietnam continues to engage in trade negotiations with the U.S., emphasizing the need for further discussions to finalize a reciprocal trade agreement. Recent talks have shown positive progress, with both nations expressing a commitment to boosting bilateral economic cooperation and addressing tariff issues. Vietnam is keen on increasing crude oil purchases from ExxonMobil and is open to technological and industrial support from the U.S. as it navigates its trade relations with both the U.S. and China. Despite tariffs posing challenges, Vietnam maintains a growth target of 8%. The second round of talks has begun in Washington, indicating a proactive approach from Vietnam to tackle trade imbalances and concerns raised by the U.S. regarding the sustainability of its trade deficit.
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