Vietnam Aims for Balanced, Sustainable Trade with US: Prime Minister

Prime Minister Pham Minh Chinh stated that Vietnam values its Comprehensive Strategic Partnership with the U.S. and looks forward to the bilateral relationship advancing positively, aiming for greater substance, balance, and sustainability.

On Wednesday, Prime Minister Chinh met with a delegation from the U.S.-China Economic and Security Review Commission (USCC), headed by Chairman Reva Price. During this meeting, he reaffirmed Vietnam’s commitment to maintaining an independent, self-reliant foreign policy characterized by openness, as well as multilateralism and diversified relationships. He also emphasized adherence to Vietnam’s “Four No’s” defense strategy.

Prime Minister Pham Minh Chinh (right) meets with Reva Price, who chairs the U.S. Congress’s U.S.-China Economic and Security Review Commission. The photograph was taken by VNA.

He mentioned that Vietnam aims to develop an independent and self-sufficient economic system while also actively participating in comprehensive, meaningful, and effective global integration.

He showed contentment regarding the progress of bilateral relations recently, appreciated the U.S.’s ongoing endeavors to tackle the effects of the conflict, and encouraged the nation to promptly acknowledge Vietnam’s market economy standing, eliminate Vietnam from the D1 and D3 strategic export restriction lists, and boost tech transfer within their mutual economic, trade, and investment collaboration to foster equitable and enduring commercial connections.

Prime Minister Chinh expressed gratitude for the support from the U.S. administration and Congress toward a robust, autonomous, resilient, and thriving Vietnam. He encouraged USCC Chairman and members to keep up their backing for enhancing the growth of U.S.-Vietnam ties.

Concerning the tariff matter, the government official stated that Vietnam is prepared to engage in negotiations with the United States for the mutual advantage of their populations and commercial sectors, striving for equitable and enduring trade relations. Additionally, he saw this as a chance to revamp the economic structure, expand market reach, product variety, and supply networks, and continue developing an autonomous and resilient national economy while intensifying proactive, meaningful, and productive global engagement.

Regarding regional issues, the Prime Minister restated Vietnam’s steadfast position of resolving the East Sea dispute via peaceful means that comply with international law, such as the 1982 United Nations Convention on the Law of the Sea (UNCLOS). He emphasized ongoing initiatives to enforce the Declaration on the Conduct of Parties in the East Sea (DOC), along with advancing talks toward a meaningful and effective Code of Conduct (COC) aligned with international law.

He asked the U.S. to continue supporting ASEAN’s common stance on the East Sea issue and efforts to solve disputes through peaceful means in accordance with international law.

Sharing her delight over her inaugural visit to Vietnam and her admiration for the nation’s robust progress, Price expressed her affirmation.
Vietnam plays a crucial role as a partner for the U.S.
in the region.

Delegation members praised the achievements of bilateral ties over the past 30 years and showed optimism about the future development of bilateral relations.

They concurred with the Prime Minister’s suggestions and committed to keep promoting initiatives aimed at enhancing bilateral ties. This includes acknowledging Vietnam as having a market economy and negotiating tariffs between their nations.

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