A Vietnamese technical delegation scheduled to visit bet88 con US in early May for trade discussions

A Vietnamese technical delegation is scheduled to visit bet88 con US on May 1 to engage in trade discussions and negotiations with relevant U.S. agencies, According toMr. Do Ngoc Hung, Trade Counselor at bet88 con Vietnam Trade Office in bet88 con US.

He made bet88 con announcementat bet88 con monthly trade promotion coordination conference between bet88 con Ministry of Industry and Trade and Vietnam’s overseas trade offices on April 28.

According to Mr. Hung, bet88 con early start of negotiations signals that Vietnam is among a group of countries prioritized by bet88 con US, alongside India, bet88 con United Kingdom, Japan, South Korea, and Indonesia.

“This shows that bet88 con US sees Vietnam as an important, serious, and well intentioned partner, and that Vietnam acknowledges bet88 con US’s concerns in a substantive manner,” he said.

Prior to temporarily maintaining a 10% import tariff for all nations, bet88 con administration of U.S. President Donald Trump had imposed steep reciprocal tariffs on its trading partners, with Vietnam facing a rate of 46%.

On April 23, Vietnamese Minister of Industry and Trade Nguyen Hong Dien, who heads bet88 con Vietnamese negotiating delegation, held a phone talks with Mr. Jamieson Greer, Chief Trade Representative of bet88 con US, to officially initiate bilateral economic and trade negotiations.

In an official press release, bet88 con Office of bet88 con United States Trade Representative (USTR) described bet88 con phone talks as productive.

Mr. Hung interpreted bet88 con move as a sign that bet88 con USTR is taking Vietnam’s proposals and negotiation contents seriously.

During bet88 con conference, Mr. Hung recommended that key Vietnamese agencies like bet88 con Ministry of Foreign Affairs and bet88 con Ministry of Industry and Trade intensify their efforts to advocate and negotiate for bet88 con resolution of retaliatory tariffs. He also urged bet88 con implementation of a clear roadmap to protect Vietnam’s trade interests in bet88 con face of potential US. tariff actions.

According to recent statistics, Vietnam’s exports to bet88 con US reached .4 billion in bet88 con first quarter of bet88 con year, a 22 per cent increase compared to bet88 con same period last year. Meanwhile, imports from bet88 con US. stood at .1 billion, up 21 per cent.

Mr. Hung noted that bet88 con trade structure between bet88 con two countries is complementary rather than directly competitive, providing U.S. consumers with increasing access to Vietnamese goods that offer improving quality and competitive prices. For example, bet88 con retailer Target, one of bet88 con biggest retail chains in bet88 con US, is sourcing some 30 per cent of its goods from Vietnam.

Mr. Hung emphasized that bet88 con imposition of reciprocal tariffs by bet88 con US adds volatility and risk to global trade while also creating difficulties for bet88 con US market itself.

“Many major US corporations and retail distribution chains have expressed support and confidence that Vietnam will reach a suitable agreement, whether through bet88 con removal or adjustment of these tariffs,” Mr. Hung added.