Vietnam Aims For Balanced, Sustainable Trade With Us: Prime Minister Says

Prime Minister Pham Minh Chinh stated that Vietnam values its Comprehensive Strategic Partnership with the U.S. and wishes for the bilateral relationship to keep advancing positively, aiming to become more substantial, well-balanced, and enduring.

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

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

Vietnam aims to develop an independent and self-sufficient economic system while also actively participating in comprehensive, meaningful, and fruitful international integration, as he pointed out.

He showed contentment regarding the progress of bilateral relations recently, appreciated America’s ongoing endeavors to tackle the consequences of the war, and encouraged the nation to promptly acknowledge Vietnam as having a market economy status. He also called for Vietnam’s removal from both the D1 and D3 strategic export control lists and emphasized boosting technological transfers within their mutual economic, trade, and investment collaborations to foster equitable and sustained commercial relationships.

Prime Minister Chinh expressed gratitude for the support from the U.S. administration and Congress towards a robust, autonomous, resilient, and thriving Vietnam. He urged the chair and members of the USCC to keep backing the advancement of bilateral 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 citizens and businesses, striving for equitable and sustained trade practices. Additionally, he saw this situation as a chance to revamp the economic structure, expand market diversity, product ranges, and supply channels, and continue developing an autonomous and resilient national economy while accelerating proactive, meaningful, and efficient global engagement.

In discussing regional issues, the Prime Minister restated Vietnam’s steadfast position of resolving the East Sea dispute via peaceful means in compliance with international law, such as the 1982 United Nations Convention on the Law of the Sea (UNCLOS). He emphasized the country’s dedication to implementing the Declaration on the Conduct of Parties in the South China Sea (DOC) and advancing talks toward a meaningful and effective Code of Conduct (COC), all within the framework of international law.

He requested continued support from the United States for ASEAN’s collective position regarding the East Sea situation and emphasized the importance of resolving conflicts peacefully and within the framework of international law.

Expressing her pleasure at visiting Vietnam for the first time and her impression with the country’s strong development, Price affirmed that

Vietnam holds significant importance as a partner for the U.S.

in the region.

Members of the delegation commended the progress made in bilateral relations over the last three decades and expressed enthusiasm for the potential growth in their future interactions.

They supported the Prime Minister’s suggestions and committed to keep promoting initiatives to strengthen mutual ties, which includes acknowledging Vietnam as a market economy and negotiating tariffs between the nations.