Crisis Management for a Conflict with North Korea

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Ministry of Industry and Trade comments on continuing reciprocal tax negotiations with the US

Dantri | Local Language | News | Oct. 10, 2025 | UndeterminedTaxes

On October 8, Deputy Minister of Industry and Trade Nguyễn Sinh Nhật Tân provided updates on the ongoing reciprocal tariff negotiations between Vietnam and the United States. The negotiations have been actively progressing with regular exchange sessions and working meetings between the two countries. Since August 1, the US reduced the reciprocal tariff rate for Vietnam from 46% to 20% as part of adjustments to tariff rates for 69 countries and territories listed in Annex I.

The Deputy Minister noted that the US has given positive assessments of the negotiation results so far, describing the progress as promising. Vietnam’s negotiating delegation is expected to continue meetings in the US during October and November to finalize an agreement based on principles of openness, mutual benefit, and respect for each nation's political institutions and development levels.

The two countries aim to promote stable economic, trade, and investment relations in line with their Comprehensive Strategic Partnership. However, the Ministry of Industry and Trade indicated that a US government shutdown would slow negotiation progress, though Vietnam remains committed to maintaining connections and preserving the positive outcomes achieved. Since April, numerous technical and ministerial-level negotiation rounds have addressed various issues including tariffs, rules of origin, customs, agriculture, non-tariff measures, digital trade, services and investment, intellectual property, sustainable development, supply chains, and trade cooperation.

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