Vietnam ready to negotiate with US for balanced, sustainable trade

VOV.VN - Prime Minister Pham Minh Chinh has affirmed Vietnam's readiness to negotiate with the United States for the benefit of both nations’ people and businesses, aiming for balanced and sustainable trade.

He made the statement in Hanoi on May 7 while receiving a delegation from the US-China Economic and Security Review Commission (USCC) of the US Congress, led by Chair Reva Price.

Prime Minister Chinh welcomed the delegation's visit to Vietnam during the 30th anniversary of diplomatic relations between Vietnam and the US, which also coincides with the 50th anniversary of Vietnam's reunification. He reaffirmed Vietnam's consistent foreign policy of independence, self-reliance, diversification, and multilateralization of international relations. He emphasized Vietnam's commitment to building an independent and self-reliant economy in tandem with proactive and effective international integration.

The Vietnamese Government leader hailed the positive developments in Vietnam–US relations, expressing appreciation for the US's continued efforts in dealing with war legacies. He proposed that the US soon recognize Vietnam's market economy status, remove Vietnam from the list of countries subject to strategic export controls (categories D1 and D3), and enhance technology transfer in bilateral economic, trade, and investment cooperation to promote balanced and sustainable trade relations.

He applauded the US administration and Congress for supporting a strong, independent, self-reliant, and prosperous Vietnam, and called on Chair Price and other USCC members to continue supporting the development of bilateral ties.

Regarding tariff issues, PM Chinh affirmed Vietnam's readiness to negotiate with the US for the benefit of both nations' people and businesses, aiming for balanced and sustainable trade. He viewed this as an opportunity to restructure the economy, diversify markets, products, and supply chains, and continue building an independent and self-reliant economy in line with proactive and effective international integration.

Discussing regional matters, the Government leader reiterated Vietnam's consistent stance on resolving the East Sea (South China Sea) issue through peaceful measures in accordance with international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

He informed the delegation about Vietnam's efforts to seriously implement the Declaration on the Conduct of Parties in the East Sea (DOC) and to promote substantive and effective negotiations on a Code of Conduct (COC) that aligns with international law.

He called for continued US support for ASEAN's common position on the East Sea and for efforts to settle disputes peacefully and legally.

Chair Reva Price and her delegation members affirmed Vietnam as an important partner of the US in the region, praised the achievements in bilateral relations over the past 30 years, and expressed optimism about future developments. They agreed with the Prime Minister's proposals and committed to continuing support for efforts to boost bilateral relations, including recognizing Vietnam's market economy status and engaging in tariff negotiations.

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