Vietnam’s President To Lam Says Hanoi ‘Very Close’ to Inking U.S. Trade Deal
Lam said Vietnam will buy more high-tech US goods and tighten customs controls as talks advance, while rejecting claims that Chinese products are being rerouted.
- On Tuesday, Vietnamese President To Lam met U.S. Trade Representative Ambassador Jamieson Greer in New York, stating his nation is "very close" to a trade deal with the United States while pledging to purchase high-tech goods to narrow the trade gap.
- Negotiations follow President Donald Trump's April 2025 "liberation day" tariff announcement, which hit Vietnam with 46 percent duties; talks have struggled with U.S. concerns regarding alleged transshipment of Chinese goods through Vietnam and a $178.2 billion trade deficit.
- Vietnam currently faces a 12.5 percent levy as one of around 60 nations targeted in a U.S. probe into forced labor goods. To Lam defended Vietnam's practices, citing a new law prohibiting forced labor and tightened customs procedures against intellectual property offenses.
- Greer hailed "substantial progress" in the talks, noting negotiators are "very close to reaching the final outcome." To Lam expressed his desire to work with the Trump administration to advance bilateral relations in a stable, effective, and sustainable manner.
- Following the New York trip, To Lam heads to Canada to meet Prime Minister Mark Carney, a visit occurring as North American relations remain strained over a separate tariff dispute. This comes as Vietnam navigates global tensions before this week's US-China summit.
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Vietnam Leader Says US Deal Close, Denies Re-Routing China Goods
Vietnamese Communist Party General Secretary To Lam is currently attending the United Nations General Assembly in New York and is actively promoting a trade agreement between the United States and Vietnam. He stated that the two countries are "very close" to reaching an agreement and are making every effort to reduce the trade imbalance between the US and Vietnam. In response to concerns from the US, To Lam emphasized that Vietnam will never acc…
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