Vietnam is working to sign a trade agreement with the United States soon, Deputy Prime Minister Bui Thanh Son said on Wednesday, as a new round of negotiations gets underway in Washington.
In October, the two countries agreed to finalise a trade deal within weeks that would maintain U.S. tariffs of 20% on its imports of Vietnamese goods, but exempt some unspecified products from the new duty imposed by U.S. President Donald Trump in August.
Son urged U.S. businesses at a conference in Hanoi to help in bilateral negotiations so that the two parties could "soon sign a fair and balanced trade agreement."
For the first 10 months of the year, Vietnam has recorded a $111 billion trade surplus with the U.S. - pointing to another potential annual record, according to Vietnamese data.
A Vietnamese delegation led by Trade Minister Nguyen Hong Dien is in Washington this week for a new round of talks with U.S. officials to work on finalising the trade agreement, the Vietnamese trade ministry said on its web portal.
Vietnamese negotiators are keen to mark the signing of a trade deal with a meeting between Trump and Vietnam's top leader To Lam, multiple officials have said.
Son urged U.S. businesses at Wednesday's conference to support Vietnam's efforts to set up the high-level meeting. Past attempts have not been successful, according to multiple officials.
He also called on U.S. businesses to encourage Washington to recognise Vietnam as a market economy and lift its restrictions on the export of high-tech products, such as advanced semiconductors.
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Typhoon Kalmaegi tore through Southeast Asia this week, killing at least 188 people in the Philippines before striking Vietnam’s central coast, where powerful gusts ripped roofs from homes, toppled trees, and left streets flooded and thousands without power.
Residents of Hoi An, Vietnam’s UNESCO-listed ancient town, began cleaning up on Saturday as floodwaters receded following days of torrential rain that brought deadly flooding and widespread destruction to the central region.
At least 13 people have been killed and 11 remain missing after record rainfall caused severe flooding across central Vietnam, submerging homes and disrupting transport in the historic cities of Hue and Hoi An.
Britain said on Wednesday it had agreed to a deal with Vietnam to curb illegal migration in what it described as the strongest Hanoi had ever agreed with another country.
Security concerns across Central Asia have intensified rapidly after officials in Dushanbe reported a series of lethal incursions originating from Afghan soil, marking a significant escalation in border violence.
Moscow and Kyiv painted very different pictures of the battlefield on Sunday, each insisting momentum was on their side as the fighting around Pokrovsk intensified.
Russia has claimed a decisive breakthrough in the nearly four-year war, with the Kremlin announcing the total capture of the key logistics hub of Pokrovsk just hours before United States mediators were due to arrive in Moscow.
U.S. President Donald Trump confirmed on Sunday that he had spoken with Venezuelan President Nicolas Maduro, but did not provide details on what the two leaders discussed.
French President Emmanuel Macron addressed critical issues surrounding Ukraine’s ongoing conflict, the role of American mediation, and European involvement during a press conference on Monday, reaffirming France’s commitment to supporting Ukraine's sovereignty and ensuring peace in the region.
Canberra has issued a stark assessment of the changing security landscape in the Pacific, warning that Beijing is projecting force deeper into the region with diminishing transparency, complicating the delicate balance of power in the Southern Hemisphere.
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