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Vietnam firms to step up negotiations with US partners on trade issues

13 May '25
1 min read
Vietnam firms to step up negotiations with US partners on trade issues
Pic: Shutterstock

Insights

  • Major Vietnamese firms plan to intensify engagements and meetings with US partners till June to advance the signing of contracts to implement earlier pacts and MoUs.
  • As bilateral trade is yet to reflect its full potential, industry and trade minister Nguyen Hong Dien stressed the need for both sides to review and resolve outstanding issues to facilitate trade of essential goods and services.
Major Vietnamese companies recently informed the government they plan to intensify engagements and meetings with US partners till June this year to advance the signing of contracts to implement earlier agreements and memoranda of understanding.

Vietnam’s Industry and Trade Minister Nguyen Hong Dien recently chaired a session with major Vietnamese enterprises to implement the Prime Minister's directive on promoting trade agreements to help balance US-Vietnam trade ties.

As bilateral trade is yet to reflect its full potential, the minister stressed the need for both sides to urgently review and resolve outstanding issues to facilitate trade of essential goods and services.

He called on enterprises to take a more proactive approach in unlocking this vast potential, stressing that such efforts will play a crucial role in deepening economic, trade and investment cooperation between the two nations in a substantive and effective manner, a domestic news agency reported.

During the meeting, the corporations reported on the progress of procurement agreements signed in 2025. They also made assessments and forecasts regarding this year's and future demand for import of equipment, goods, services and materials in which the US is strong.

ALCHEMPro News Desk (DS)

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