HCMC – Vietnam and the U.S. are deepening economic cooperation by reviewing and removing trade barriers to create a fair and sustainable business environment, according to discussions held on March 13, 2025, between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and U.S. Trade Representative (USTR) Jamieson Greer in Washington, D.C.
The meeting at the USTR headquarters focused on strengthening bilateral trade and economic relations. Both sides acknowledged the significant progress in Vietnam-U.S. ties over the past 30 years since diplomatic relations were normalized, including a decade as comprehensive partners and two years as comprehensive strategic partners.
Economic cooperation remains a cornerstone of bilateral relations. In 2024, trade between Vietnam and the U.S. reached nearly US$150 billion, solidifying the U.S. as Vietnam’s second-largest trading partner and one of its most vital export markets.
Minister Dien emphasized that Vietnam views the U.S. as a top economic partner and is committed to deepening their comprehensive strategic partnership in a meaningful and sustainable way. He highlighted the complementary nature of both economies, fostering steady trade growth while protecting national interests.
Dien reaffirmed Vietnam’s commitment to a balanced, stable, and mutually beneficial trade relationship and assured that Vietnam does not seek to impose any trade barriers that could harm U.S. workers or national security.
Vietnam has actively taken measures to strengthen economic, trade, and investment ties with the U.S. Dien urged further technical discussions to accelerate the U.S. recognition of Vietnam’s market economy status, a move that would reflect the significance of their evolving economic partnership.
USTR Jamieson Greer praised Vietnam’s proactive approach and willingness to engage in open discussions on key trade matters. He emphasized that U.S. trade policy is designed to expand economic engagement, protect national security, and support American workers rather than put trading partners at a disadvantage. However, he called for Vietnam to take further steps in market liberalization and improving trade balance.
Both sides agreed to maintain regular technical consultations to address emerging trade issues, ensuring a stable and harmonious economic partnership that aligns with the comprehensive strategic relationship between Vietnam and the U.S.
