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Vietnam Says Trade Talks with US Nearly Completed; US Officials More Cautious
Vietnam says the deal could ease tariff risks as talks continue over data rules, industrial overcapacity and intellectual property protections.
- On Wednesday, Vietnamese Deputy Prime Minister Pham Gia Tuc announced that Hanoi has "essentially completed" talks on a US trade deal and submitted final remarks to Washington, aiming to sign the agreement soon.
- Negotiations have lasted months, with transshipment and non-tariff barriers identified as main sticking points, while the country faces pressure from ongoing US investigations into trade practices and potential additional tariffs.
- US Assistant Secretary of State for East Asian and Pacific Affairs Michael George DeSombre urged Vietnam to address trade imbalances, specifically recommending review of industries where foreign ownership is capped below 50 per cent.
- Jennifer Wicks, the US Ambassador to Vietnam, reiterated that negotiations are ongoing, pressing Vietnam to adapt regulatory frameworks on data protection and pricing to facilitate investment for American firms.
- President To Lam has been invited to the G20 summit in Florida this December, with hopes that a final trade deal could be sealed then, provided both sides resolve remaining concerns.
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Vietnam Says US Trade Deal Is Nearly Complete, but Washington Signals Caution
Vietnam says it has submitted the final text of a proposed trade agreement with the United States, seeking stable access to its largest export market. However, US officials continue to raise concerns about Vietnam's trade surplus, regulatory environment and alleged trade practices.
Vietnam Says US Trade Deal Nearly Done With Final Comments Sent
·New York, United States
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Vietnam says trade negotiations with United States almost completed
Vietnam and the United States are close to finalising a trade agreement, as stated by Deputy Prime Minister Pham Gia Tuc. The final text of the deal has been sent to the United States. Vietnamese officials hope for favorable market conditions for their goods accessing the US market. There is also an expectation for a balanced assessment in Section 301 investigations over Vietnam.
·India
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Total News Sources12
Leaning Left0Leaning Right5Center4Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
C 44%
R 56%
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