The United States and Vietnam are set to hold a new round of trade negotiations by the end of next week, according to Vietnam’s Ministry of Industry and Trade. The announcement comes as both nations face growing pressure to reach a compromise before the potential reinstatement of steep U.S. tariffs on Vietnamese exports in early July.
This will mark the third round of bilateral trade talks, although specific dates and the venue have not yet been disclosed. The talks follow Vietnam’s formal response to a comprehensive list of trade-related requests from Washington, which include efforts to reduce Vietnam’s dependence on Chinese-sourced materials and components.
Related: U.S. Presses Vietnam with Tough Trade Demands Amid Tariff Talks
The ministry’s statement was released after a high-level meeting in Paris on Wednesday between Vietnamese Trade Minister Nguyen Hong Dien and U.S. Trade Representative Jamieson Greer. Both sides reportedly agreed to accelerate technical negotiations and “maximize efforts” to secure meaningful progress during the upcoming discussions.
Vietnam reiterated its “determination and goodwill” in addressing the pending trade issues but did not provide details on the specific concessions it may be willing to offer.
U.S. negotiators are pressing for results ahead of a self-imposed July deadline, after which a temporary pause on reciprocal tariffs—impacting 46% of Vietnamese exports—may be lifted. These tariffs were introduced as part of a broader realignment of trade policy under the Trump administration, aimed at countering unfair trade practices and supply chain dependencies.
The U.S. has also urged Vietnam to clamp down on illegal transshipment activities, where goods from China are rerouted through Vietnam to evade American tariffs. In response, Hanoi has launched investigations and enforcement actions and has signaled openness to importing more U.S. products, including agricultural goods, aircraft, and energy—although no major purchase agreements have been finalized.
Vietnam remains highly reliant on the U.S. as its top export destination, while also depending on imports of raw materials and components from China for its export-driven manufacturing sector.
The upcoming talks are seen as pivotal to maintaining stable trade relations between the two countries, particularly amid a shifting global trade landscape and tightening U.S. trade scrutiny in Asia.
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Source: Vietnam Insider