Vietnam and US engage in second round of tariff negotiations

May 20, 2025 | 15:12

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The second round of tariff negotiations between Vietnam and the US is taking place from May 19-22 in Washington D.C.

Vietnam and US engage in second round of tariff negotiations

Photo: MoIT

The Vietnamese delegation is being led by Minister of Industry and Trade Nguyen Hong Dien, alongside representatives of different ministries.

On May 19, the two sides discussed a comprehensive approach to resolve issues and accelerate the negotiation process. Discussions revolved around clarifying the contents of the bilateral agreement on trade and each’s country’s current policies in areas of interest.

On the same day, Minister Dien had a meeting with Westinghouse, the world's leading corporation in nuclear power technology. The minister said Vietnam is mulling reviving a nuclear power programme to ensure energy security amid growing electricity demand and unstable renewable energy.

"Vietnam is taking a modern and cautious approach in line with practice. The country has many potential locations to develop nuclear power," the minister added.

"This is the basis for promoting cooperation with international partners such as Westinghouse, including large and small modular reactors. Cooperation in energy development will also be an important driving force to balance bilateral trade," he said.

Margaret Cosentino, vice president of Westinghouse, said, "The corporation would strongly support Vietnam's plan, highlighting the importance of long-term energy cooperation."

The two sides agreed to share information and advance an MoU signing between Westinghouse and Petrovietnam in nuclear power development.

Vietnam, Malaysia, and Indonesia are on US priority list

The United States has prioritised negotiations with 20 nations, including Vietnam, Malaysia, and Indonesia, according to a report released by Maybank on May 16.

Firms rethink export strategies amid US tariff threat

Vietnamese firms are taking steps to adapt and expand into new markets and restructure their development strategies amid US tariff threats.

US calls tariff talks with Vietnam productive

US Trade Representative Jamieson L. Greer and Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien agreed on the importance of making swift progress towards reciprocal and balanced trade between the US and Vietnam.

By Thanh Van

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