Ministry of Industry and Trade informs about reciprocal trade negotiations between Vietnam and the United States

The United States decided to adjust the reciprocal tax rates for 69 countries and territories listed in Annex I. According to this Annex, the reciprocal tax rate for Vietnam decreased from 46% to 20%.

Regarding the reciprocal trade negotiations between Vietnam and the United States, on the afternoon of August 1, a representative of the Ministry of Industry and Trade provided press information on this content.

Accordingly, since the end of April 2025, Vietnam and the United States have held many reciprocal trade negotiation sessions at both the technical and ministerial levels. The Vietnamese Government negotiation delegation, led by Minister of Industry and Trade Nguyen Hong Dien, includes leaders and officials of the following ministries and agencies: Industry and Trade, Foreign Affairs , Public Security, Finance, Justice, Agriculture and Environment, Science and Technology, Home Affairs, Construction, Health, State Bank and the Embassy of Vietnam in the United States. Many direct and online negotiation sessions have taken place between Minister of Industry and Trade Nguyen Hong Dien and Chief of the Office of the United States Trade Representative (USTR) Jamieson Greer and US Secretary of Commerce Howard Lutnick.

During the negotiations, Vietnam and the United States focused on discussing and making progress on 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.

In the early morning of August 1, 2025 (Vietnam time), the White House posted President Donald Trump's Executive Order on adjusting the reciprocal tax rate, according to which the United States decided to adjust the reciprocal tax rate for 69 countries and territories listed in Appendix I. According to this Appendix, the reciprocal tax rate for Vietnam is reduced from 46% to 20%.

In the coming time, the two sides will continue to discuss and implement the next steps towards completing the reciprocal trade agreement based on the principles of openness, constructiveness, equality, respect for independence, autonomy, political institutions, mutual benefit and consideration of each other's development level. The two sides will also strive to promote stable economic, trade and investment relations, harmonizing interests, commensurate with the Vietnam-US Comprehensive Strategic Partnership.

Source: VNP

Source: https://phunuvietnam.vn/bo-cong-thuong-thong-tin-ve-dam-phan-thuong-mai-doi-ung-giua-viet-nam-hoa-ky-20250801180432133.htm