Ministry of Industry and Trade talks about continuing to negotiate reciprocal taxes with the US

(Dan Tri) - It is expected that in October and November, the Vietnamese negotiation delegation will visit the US to discuss and implement the next steps to complete the reciprocal trade agreement.

At the third quarter press conference on the afternoon of October 8, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan updated some information on the reciprocal tax negotiations between Vietnam and the US. He said that Vietnam has been making efforts to promote the reciprocal tax negotiation process with the US. The delegations of the two countries regularly hold exchange and working sessions to agree on related contents.

From August 1, the US decided to adjust the reciprocal tax rate for 69 countries and territories listed in Annex I. According to this Annex, the reciprocal tax rate for Vietnam decreased from 46% to 20%.

The Deputy Minister of Industry and Trade said that so far, the US side has given many positive assessments on the results of the bilateral trade tax negotiations. He assessed this as a very positive result.

"It is expected that in October and November, the Vietnamese negotiating delegation will continue to have a working trip to the US to discuss and implement the next steps towards completing the reciprocal trade agreement on the principles of openness, constructiveness, equality, respect for independence, autonomy, political institutions, mutual benefit and consideration of each other's development level," he informed at the press conference.

Deputy Minister Nguyen Sinh Nhat Tan informed about the reciprocal tax negotiations with the US (Photo: Thanh Thuong).

The two sides will strive to promote stable economic , trade and investment relations, harmonizing interests, commensurate with the Vietnam - US Comprehensive Strategic Partnership.

The leader of the Ministry of Industry and Trade added that the US government shutdown will affect the progress of trade negotiations. Since negotiations must be conducted on both sides, while the other side is facing difficulties, our policy is to patiently wait and try to maintain connections to continue to maintain quite positive results.

Previously, since the end of April, Vietnam and the US have held many reciprocal trade negotiation sessions at both technical and ministerial levels.

Many in-person and online negotiation sessions took place between Minister of Industry and Trade Nguyen Hong Dien, Chief of the Office of the United States Trade Representative (USTR) Jamieson Greer and US Secretary of Commerce Howard Lutnick.

The Ministry of Industry and Trade said that during the negotiations, Vietnam and the US focused on discussing and achieved much progress in issues such as tariffs, rules of origin, customs, agriculture, non-tariff measures, digital trade, services and investment, intellectual property, sustainable development, supply chains, trade cooperation, etc.

Source: https://dantri.com.vn/kinh-doanh/bo-cong-thuong-noi-ve-viec-tiep-tuc-dam-phan-thue-doi-ung-voi-my-20251008192631678.htm