VOV.VN - Vietnam welcomes the US’s latest decision not to take any trade action against the nation concerning the Vietnam Currency Section 301 investigation.

The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.

The US Trade Representative (USTR) office has blacklisted Vietnam's well-known markets in its 2020 review, for reasons of counterfeiting goods. Dong Xuan Market in Hanoi and Ben Thanh Market in HCM City have been named on the USTR blacklist.

The US Trade Representative (USTR), in its report released on January 15 on findings in the Section 301 investigation of Vietnam’s acts, policies, and practices related to currency valuation, did not mention or recommend the imposition of tariff or any sanction measures on Vietnam’s exports, the Ministry of Industry and Trade said on January 16.

VOV.VN - The US has outlined its support for a strong, independent, and prosperous Vietnam that is capable of playing an increasingly important role throughout the region, thereby contributing to peace, stability, co-operation, and development, both in Asia and globally.

VOV.VN - Publication Inside US Trade of the United States has released an article entitled “US, Vietnam working to avoid imposition of Section 301 tariffs”, citing a source that is familiar with the Office of the US Trade Representative (USTR)’s twin investigations into Vietnamese trading practices.

Minister of Industry and Trade Tran Tuan Anh, who is also Chairman of the Vietnam - US Trade and Investment Framework Agreement (TIFA) Council, has held phone talks with US Trade Representative (USTR) Robert Lighthizer to discuss bilateral economic and trade issues.

VOV.VN - Vietnam will actively cooperate with the United States to address concerns about the monetary policy and timber materials in the country, according to Deputy Prime Minister and Foreign Minister Pham Binh Minh.

VOV.VN - Prime Minister Nguyen Xuan Phuc Phuc and US President Donald Trump have agreed that recent years have witnessed the Vietnam-US ties grow steadily across a variety of fields after 25 years of normalization of diplomatic relations.

Any move by the US to impose tariffs on Vietnamese goods would hurt bilateral trade ties, the Ministry of Industry and Trade (MoIT) said.