Many experts believe that Vietnam's success in trade negotiations with the United States is the result of proactive, early, and far-reaching preparation by the Government and ministries.
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Regarding the fact that the two negotiating delegations of the two countries have agreed on the Vietnam-US Joint Statement on the Framework of a Reciprocal, Fair and Balanced Trade Agreement, experts say this is a positive result from the efforts, proactiveness, and very early and far-reaching preparation of the Government and ministries.
Dr. Le Quang Minh (University of Economics - Vietnam National University, Hanoi) commented that Vietnam's negotiation results with the United States were very good and positive, and were the result of the proactive, early and far-reaching preparation of the Government and ministries.
As soon as President Donald Trump took office, the government and ministries prepared, forecasted, and proposed response scenarios for volatile trade policies.
“Vietnam is the country that started negotiations with the United States early. The negotiations were well prepared, especially with advice from large US FDI enterprises. In major forums, FDI enterprises also shared and contributed to the Government's response to the US tariff policy,” emphasized Dr. Le Quang Minh (University of Economics, Vietnam National University, Hanoi ).
According to Mr. Pham Luu Hung - Chief Economist, Director of SSI Research, SSI Securities Corporation, this is a "very positive signal," marking Vietnam becoming the third largest partner of the US to be able to reach a preliminary agreement on tariffs - the basis for enhancing its international trade position.
Associate Professor, Dr. Nguyen Thuong Lang - Economic expert, Senior Lecturer at the Institute of International Trade and Economics - National Economics University shared that the negotiation between senior leaders of Vietnam and US President Donald Trump was a great success, creating a mutually beneficial agreement for both sides.
This shows that the Vietnam-US relationship is having new development prospects. This proves that Vietnam has been able to create benefits for US partners such as Nike and other companies when investing in Vietnam.
To make the most of tax incentives, Vietnam needs to encourage businesses to invest in domestic production of raw materials, components and spare parts, aiming to achieve a 100% localization rate to enjoy the lowest tax rates. This will also promote Vietnamese businesses to participate more deeply in the global supply chain.
In addition, Vietnam and the United States should consider upgrading their trade relations to a bilateral or regional free trade agreement, to open up new opportunities, especially reducing trade barriers.
Regarding the impact on the financial market, tax reduction will attract more foreign investment capital, putting pressure on the Vietnamese dong exchange rate. Therefore, it is necessary to have an appropriate exchange rate management strategy.
Dr. Le Quang Minh also shared that businesses need to pay special attention to the issue of origin of goods; control the phenomenon of fraudulent origin of goods, and borrowing the name of Vietnamese goods to gain benefits.
Enterprises that comply with the origin of goods will benefit from these regulations. Sharing the same view, Mr. Pham Luu Hung - Chief Economist, Director of SSI Research, SSI Securities Corporation also noted the rules of origin of goods and shared that the Vietnamese Government also has many policies to support investors against the impact, if any, of tariff policies such as support for land access, support policies for high-tech investors in Vietnam and many other policies that can support investors at this time.
In the new context and to cope with the challenges of tariff policies, textile and footwear enterprises have proactively focused on diversifying markets and boosting exports to markets that have signed free trade agreements (FTAs).
Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association, said that in response to the tariff policy, the business community has remained calm and sought solutions to overcome difficulties.
Textile and garment enterprises have made breakthroughs in working methods and coordination policies, sharing orders and expanding consumption markets in the face of policy fluctuations of major trading partners and the global trade market.
Sharing at a recent forum, according to Ms. Phan Thi Thanh Xuan, Vice President and General Secretary of the Vietnam Leather, Footwear and Handbag Association, in addition to focusing on exporting to markets such as Africa, Asia, Japan, Europe, America, etc., businesses in the industry have expanded exports to a number of markets in South America and the Middle East with large and diverse consumption potential.
Businesses have also begun to approach major e-commerce sites such as Alibaba, Amazon... to open more sales channels.
At 8:00 p.m. on July 2, 2025 (Vietnam time), General Secretary To Lam had a phone call with US President Donald Trump about Vietnam-US relations and negotiations on reciprocal taxes between the two countries.
The two leaders expressed their delight at the strong and positive development of bilateral relations. General Secretary To Lam and President Donald Trump welcomed the two countries' negotiation delegations' agreement on the Vietnam-US Joint Statement on the Framework for a Reciprocal, Fair and Balanced Trade Agreement.
President Donald Trump appreciated Vietnam's commitment to providing preferential market access for US goods, including large-engine cars.
He affirmed that the United States will significantly reduce reciprocal tariffs on many Vietnamese export goods and will continue to cooperate with Vietnam in resolving difficulties affecting bilateral trade relations, especially in areas prioritized by both sides.
General Secretary To Lam proposed that the United States soon recognize Vietnam as a market economy and remove export restrictions on some high-tech products.
General Secretary To Lam and President Donald Trump also discussed a number of major directions and measures to promote the Comprehensive Strategic Partnership in the coming years.
The two leaders agreed to increase delegation exchanges and contacts at high and all levels, and promote cooperation in the fields of economics, trade and investment, especially in key and breakthrough areas such as science and high technology./.
Source: https://baolangson.vn/ket-qua-kha-quan-tu-viec-dat-duoc-dam-phan-thuong-mai-voi-hoa-ky-5052057.html
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