Vietnam, US discuss trade ties, potential cooperation fields

Vietnamese Minister of Industry and Trade Nguyen Hong Dien on October 26 had a working session with US Under Secretary of State for Economic Growth, Energy and the Environment Jacob Helberg on the sidelines of the 47th ASEAN Summit and Related Summits in Kuala Lumpur, Malaysia.

The two officials discussed bilateral economic and trade relations as well as potential areas for deeper cooperation. They agreed that despite difficulties, the Vietnam–US Comprehensive Strategic Partnership has continued to grow fruitfully.

The year 2025 will mark 30 years since the normalisation of diplomatic relations (1995–2025) and two years since the establishment of the Comprehensive Strategic Partnership (2023–2025). Dien said this milestone reflects the remarkable progress of the bilateral relations and opens up a new stage of more substantive and strategic cooperation between the two countries.

Helberg expressed strong interest in promoting collaboration with Vietnam in artificial intelligence (AI), building resilient supply chains, and developing new energy sources.

Dien emphasised that AI is not just a technology but a key driver of productivity and national competitiveness. Therefore, Vietnam wants to advance AI cooperation in a practical way, focusing on training, standards, and technology transfer.

He added that Vietnam has adopted policies encouraging innovation and is eager to learn from and cooperate with advanced partners such as the US. The Ministry of Industry and Trade is ready to study the potential for joint projects in this field.

On supply chains, the minister stressed that Vietnam is actively diversifying its sources of input materials for manufacturing industries to ensure stability and resilience.

In the energy sector, Dien briefed the US side on Vietnam’s energy development policies and called on the US to continue supporting Vietnam in developing large-scale renewable and new energy projects associated with green financial mechanisms and technology transfer.

He raised Vietnam’s concerns over the US National Oceanic and Atmospheric Administration (NOAA)’s decision not to grant equivalence recognition to 12 seafood harvesting methods. This move threatens livelihoods of hundreds of thousands of labourers, undermines the international reputation of Vietnam’s seafood industry and limits supply options for US consumers, Dien noted.

The Vietnamese minister also urged the US to consider Vietnam’s request for early recognition of its market economy status and to remove Vietnam from the D1 and D3 lists, which restrict exports of high-tech products. The US side took note of the proposals and said they would be carefully considered.

Both sides agreed to assign technical teams to study concrete cooperation plans and explore future joint initiatives.

Vietnam - United States trade talks.jpg

Vietnam and United States narrow gaps in third round of trade talks

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