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US-ASEAN Business Council supports a balanced, harmonious Vietnam-US trade agreement

(PLVN) - That was the content of the working session between Minister of Industry and Trade Nguyen Hong Dien and Mr. Jeffrey Perlman - Chairman of Warburg Pincus Investment Fund and Chairman of the US-ASEAN Business Council (USABC).

Báo Pháp Luật Việt NamBáo Pháp Luật Việt Nam10/06/2025

asean-business-council-supports-a-balanced-trade-agreement-between-vietnam-usa-vietnam.jpg

Working session between Minister Nguyen Hong Dien and Mr. Jeffrey Perlman - Chairman of the US-ASEAN Business Council.

According to information from the Ministry of Industry and Trade , during his working trip to the United States, Minister of Industry and Trade Nguyen Hong Dien had a meeting with Mr. Jeffrey Perlman - Chairman of Warburg Pincus Investment Fund and Chairman of the US-ASEAN Business Council (USABC).

At the meeting, Minister Nguyen Hong Dien highly appreciated the results of economic and trade cooperation between Vietnam and the United States in recent times, and affirmed that the United States is one of Vietnam's leading important economic partners. The Minister emphasized that the economic relationship between the two countries is complementary, contributing to creating competitive advantages, promoting sustainable development, in line with the orientation of building an independent, self-reliant economy and deep international integration of Vietnam.

The Minister suggested that USABC and the US business community continue to support Vietnam in the process of negotiating a reciprocal trade agreement between the two countries, and at the same time coordinate to promote the potential and investment and business opportunities in Vietnam to US partners.

On the USABC side, Mr. Jeffrey Perlman expressed his confidence in Vietnam's economic development prospects and affirmed that Vietnam is currently Warburg Pincus' second largest market in Asia. He said that Warburg Pincus is committed to long-term investment in Vietnam and will have an active voice to support Vietnam in promoting bilateral economic and trade relations.

Mr. Perlman also said that he will soon work with Secretary of Commerce Howard Lutnick, Treasury Secretary Scott Bessent and US Trade Representative (USTR) Jamieson Greer to propose three contents, including: “USABC supports a balanced and harmonious trade agreement between Vietnam and the United States; The United States needs to strengthen cooperation with ASEAN - a region that plays a strategic role in US policy; The current trade deficit is a natural result of the relationship between a developed economy like the United States and an economy in the early stages of development like Vietnam, which needs to be assessed objectively and comprehensively”.

The two sides also discussed potential areas of cooperation such as energy, industry, digital transformation, green transformation, logistics and supply chain development. USABC pledged to continue accompanying Vietnam in its efforts to maintain macroeconomic stability and sustainable development.

On the same afternoon, Minister Nguyen Hong Dien had a working session with leaders of the American Apparel and Footwear Association (AAFA) and leading US textile, garment and footwear enterprises such as Gap, Levis Strauss, Harnes Brands, Under Armour...

At the meetings, Minister Nguyen Hong Dien asked large US associations and corporations with strong influence to help give opinions to the Trump Administration to convey Vietnam's message.

Specifically: “The Comprehensive Strategic Partnership between Vietnam and the United States has been strongly promoted and created favorable conditions for US companies to invest and do business in Vietnam. Therefore, cooperation with Vietnam will bring long-term strategic benefits and contribute to improving the trade balance towards fairness, harmony and sustainability between the two countries.

Vietnam needs to be treated as a priority trade partner of the United States. Vietnam proposes that the United States work with Vietnam to resolve current trade and economic issues, promptly recognize Vietnam as a market economy, and remove Vietnam from the D1 and D3 lists that restrict the export of high-tech products. This will contribute to bringing practical benefits to both countries in both the short and long term.

Nhat Thu


Source: https://baophapluat.vn/hoi-dong-kinh-doanh-hoa-ky-asean-ung-ho-mot-thoa-thuan-thuong-mai-can-bang-hai-hoa-viet-nam-hoa-ky-post551379.html


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