“Vietnam News” Posted by Henig at KTFA 4-23-2025
KTFA:
Henig: Hà Nội, Washington officially launch bilateral trade talks
April 23, 2025 - 22:18
Việt Nam attaches great importance to developing its Comprehensive Strategic Partnership with the US, and wishes to promote economic and trade relations in a balanced, stable, sustainable, and effective manner.
HÀ NỘI — Minister of Industry and Trade Nguyễn Hồng Diên, head of the Vietnamese government trade negotiation delegation, on Wednesday evening held a phone call with United States Trade Representative Jamieson L. Greer to officially launch talks on bilateral economic and trade issues between Việt Nam and the US.
This was an important working session to discuss the principles, scope, and roadmap for negotiations. Attending the call were members of the Government negotiation delegation and technical-level representatives from relevant ministries and agencies.
During the call, Minister Diên affirmed that Việt Nam attaches great importance to developing its Comprehensive Strategic Partnership with the US, and wishes to promote economic and trade relations in a balanced, stable, sustainable, and effective manner.
He emphasised that Vietnamese ministries and agencies are ready to negotiate and address US concerns, and to work with the US to find mutually beneficial solutions based on the spirit of harmonised interests and shared risks. For his part, US Trade Representative Jamieson L. Greer highly appreciated the two countries’ agreement to negotiate a bilateral trade agreement. He expressed confidence that the two sides would soon reach appropriate solutions to foster stable and mutually beneficial economic and trade relations.
At the conclusion of the meeting, the two Heads of Delegation also agreed to maintain regular communication at both the head-of-delegation and technical levels to expedite negotiations on specific issues. Việt Nam was among the countries hit with the highest rate of 'reciprocal tariffs' as announced by US President Donald Trump in early April, at 46 per cent.
During a phone call taking place shortly afterwards, General Secretary Tô Lâm, Việt Nam's top leader, has told President Trump that Việt Nam can slash all tariffs against American goods into Việt Nam to zero per cent, while seeking for the US to do the same for Vietnamese goods. — VNS LINK
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Henig: Việt Nam will safeguard core interests while deepening US trade ties: PM
April 23, 2025 - 08:11
PM Chính reaffirmed that Vietnamese goods do not pose unfair competition to US industries, noting that bilateral trade has long been mutually beneficial, particularly for American consumers.
Việt Nam, he added, remains willing to negotiate on issues raised by the US, so long as its core interests are protected and its foreign policy principles upheld
HÀ NỘI — Prime Minister Phạm Minh Chính has urged ministries and local authorities to work in close coordination to swiftly address key concerns raised by the United States, as Việt Nam continues to pursue fair and sustainable trade relations, amid shifting global dynamics.
Chairing a Government meeting yesterday, the PM said the current challenges in global trade also present opportunities for Việt Nam to restructure its export base, diversify markets and supply chains, and boost product quality. He emphasised the need for a strategic shift towards high-tech, green and knowledge-based economic development, driven by digital transformation. Institutional reform, he noted, must go hand in hand with growth.
PM Chính directed ministries to tighten oversight in key areas such as origin traceability, anti-smuggling, commercial fraud prevention and the fight against counterfeit goods. He also called for a comprehensive review of tax refund mechanisms and demanded a reduction in administrative procedures, costs and processing times, aligned with Government resolution.
To further support investment attraction, he ordered the immediate establishment of a national one-stop investment portal and investment promotion centres, at both national and provincial levels. These efforts aim to draw in high-quality, long-term investors, especially in technology and innovation. Such investors, the PM said, should not only bring capital, but also transfer technology, train human resources, invest in research and development and support Vietnamese enterprises in joining global supply and production chains.
This was the fifth high-level meeting chaired by PM Chính, to implement the Politburo’s and Party General Secretary Tô Lâm’s conclusions on adapting to the US’s evolving tariff policies and promoting deeper trade ties.
Following reports and discussions, the PM acknowledged Việt Nam’s timely and flexible response to the US’s tariff adjustments, first introduced under President Donald Trump. He said the country’s calm, strategic approach has produced tangible results and earned a positive response from Washington.
Within the framework of the Việt Nam–US Comprehensive Strategic Partnership, General Secretary Lâm held a phone call with President Trump and dispatched Deputy Prime Minister Hồ Đức Phớc and the Minister of Industry and Trade, as special envoys to engage US officials. Vietnamese leaders have also met with the US Ambassador, lawmakers, academics and business leaders to enhance mutual understanding.
Việt Nam has issued decrees to reduce certain tariffs on US imports, addressed long-standing issues in US-invested projects and taken steps to rebalance trade, such as increasing purchases of American-made aircraft, while staying within the bounds of Vietnamese law and bilateral agreements.
PM Chính reaffirmed that Vietnamese goods do not pose unfair competition to US industries, noting that bilateral trade has long been mutually beneficial, particularly for American consumers. Việt Nam, he added, remains willing to negotiate on issues raised by the US, so long as its core interests are protected and its foreign policy principles upheld. He tasked ministries and the negotiating team with thoroughly preparing for upcoming talks, ensuring alignment with the guidance of the Politburo, the General Secretary and the Government.
He warned against introducing complications that could affect other markets or disrupt Việt Nam’s existing international commitments. The PM said that trade relations should be handled with calm, clarity and conviction. He underscored the importance of prioritising dialogue over confrontation, maintaining mutual respect and pursuing harmonised interests that serve the long-term benefit of both countries, particularly their businesses and consumers.
He urged a focus on diversifying export markets, product lines and supply chains, improving product quality and cost efficiency and moving towards a high-tech, green, circular and knowledge-based growth model grounded in science, technology and digital transformation. — VNS LINK
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Henig: Party leader receives Rosen Partners CEO
April 24, 2025 - 00:32
Rosen Partners informed General Secretary Tô Lâm on their investment plans, notably a project to build a world-class amusement park in Việt Nam, and committed to promoting cooperation in science and technology, artificial intelligence (AI)
HÀ NỘI — Party General Secretary Tô Lâm gave a reception in Hà Nội on Wednesday for Daniel Rosen, CEO of Rosen Partners – a privately held, industry-leading investment firm in the US.
Welcoming Rosen's return to Việt Nam on the occasion of the 30th anniversary of the establishment of the two countries’ diplomatic relations and the second year of the Việt Nam-US Comprehensive Strategic Partnership, Lam expressed his pleasure at the strong developments in bilateral relations in recent times.
He reaffirmed that Việt Nam values the development of its relationship with the US and hopes the two sides will continue to deepen, enhance, and stabilise their cooperation in all fields, particularly in the areas of economy, trade, and investment, for the benefit of the people and businesses of both countries.
Assessing that Việt Nam and the US are two economies with complementary advantages, the Party chief said Việt Nam has an abundant workforce with a strong desire to contribute to and strive for progress, and rich natural resources, and places great emphasis on capital, technology, and high-tech products from the US. Rosen shared his impressions of witnessing the talent, entrepreneurial spirit, and the remarkable changes in Việt Nam, which, he said, have created favourable conditions and opened up more investment and business opportunities for US companies in the country.
He provided information about his company’s investment plans, notably a project to build a world-class amusement park in Việt Nam, and committed to promoting cooperation in science and technology, artificial intelligence (AI), as well as connecting Vietnamese scientists with their US and international counterparts, and building specific collaborative projects in areas such as science and technology, AI, and smart governance.
Welcoming Rosen Partners' interest in investing in Việt Nam, General Secretary Lâm affirmed that the country is working to streamline its organisational apparatus and reorganise its administrative boundaries to expand space and facilitate development, in line with the country's goals for 2030 and 2045.
Việt Nam encourages investment in the development of culture, tourism, and people-to-people exchanges, and welcomes cooperation with other countries, including the US, in the field of science and technology, he said, urging the group to promote cooperation and invest in areas where the US has strengths and Việt Nam has needs, including high-quality agriculture, and human resources development and training.
Rosen reaffirmed his commitment to making efforts to implement investment projects in Việt Nam, contributing to the development of Việt Nam and the Việt Nam-US relationship. — VNA/VNS LINK
