Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The two sides also agreed to convene an online working-level meeting in the coming days to continue resolving outstanding issues and prepare for a virtual ministerial dialogue between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Secretary of Commerce Howard Lutnick.
Regarding the ongoing negotiations on a Reciprocal Trade Agreement between the two countries, he emphasised that Vietnam remains consistent in its approach to the talks with the US, aiming for a bilateral agreement based on respect for sovereignty, independence, political system, harmonisation and balance of interests, as well as in line with international commitments and the development level of each country.
Vietnamese Minister of Industry and Trade Nguyen Hong Dien called for greater efforts to bring into full play the 18 priority economic cooperation initiatives in 2025, and continue exploring new collaboration opportunities with emerging partners, including the Gulf Cooperation Council (GCC).
Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer reached a high consensus on principles, approaches, content orientations, and negotiation plans, thereby establishing a foundation for subsequent negotiation sessions to achieve positive outcomes.
Vietnam supports ASEAN’s comprehensive, flexible, and practical approach to enhancing economic resilience and promoting supply chain diversification through the effective utilisation of free trade agreements (FTAs), he affirmed.
PetroVietnam Gas Joint Stock Corporation (PetroVietnam PV Gas) signed Memoranda of Understanding with ConocoPhillips, an independent exploration and production company, and Excelerate Energy regarding long-term liquefied natural gas (LNG) purchase agreements.
Vietnam’s consistent policy is to build harmonious, sustainable, stable, and mutually-beneficial economic and trade ties with the US, he stated, adding that Vietnam has no intention to create any barriers that could harm the US’s workers or economic and national security.
Vietnam and Poland discussed and agreed on major measures to beef up trade and economic partnership at the second economic consultation meeting held in Warsaw as part of Prime Minister Pham Minh Chinh’s ongoing official visit to the European country.
The ongoing Vietnam visit by Bulgarian President Rumen Radev is set to elevate bilateral ties to a new height, particularly in the economic sphere, as both nations prepare to celebrate the 75th anniversary of their diplomatic relations next year.
The freshly-signed Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) will not only mark a breakthrough in bilateral economic and trade cooperation but also serve as a strong impetus to attract substantial investment from the Middle Eastern nation in such sectors as energy, industry, high technology, and supply chain development.
Vietnam highly values the Declaration of the G7 Trade Ministers’ Conference in February on strengthening the rules-based, inclusive, free and fair multilateral trading system within the WTO.
Minister of Industry and Trade Nguyen Hong Dien has suggested the International Federation of Freight Forwarders Associations (FIATA) provide practical measures to assist Vietnamese businesses in overcoming challenges caused by the increased shipping freight rates, port congestion, and shortage of empty containers.
National Assembly (NA) Chairman Tran Thanh Man called for greater efforts in implementing outlined solutions to better state management in the natural resources and environment sector at the end of the question-and-answer session for the field on June 4.
Minister of Industry and Trade Nguyen Hong Dien had a meeting in Vientiane on April 8 with Lao Prime Minister Sonexay Siphandone who asked relevant ministries of the two sides to focus on seeking ways to remove difficulties facing their businesses in exporting coal and electricity, thus improving the effectiveness of bilateral cooperation in trade, energy, and minerals in accordance with the needs and potential of each country.
Minister of Industry and Trade Nguyen Hong Dien and Lao Minister of Industry and Commerce Malaithong Kommasith signed a new Vietnam-Laos trade agreement following their talks in Vientiane, Laos, on April 8.
Economic and trade ties between Vietnam and New Zealand have developed continuously since the upgrade of bilateral ties to strategic partnership in September 2009, and the upcoming visit to New Zealand by Prime Minister Pham Minh Chinh is an occasion for leaders of both countries to discuss orientations to further consolidate political trust and multifaceted cooperation.
Minister of Industry and Trade Nguyen Hong Dien has joined meetings held as part of the World Trade Organisation’s 13th Ministerial Conference (MC13) in Abu Dhabi.
Minister of Industry and Trade Nguyen Hong Dien has proposed that Vietnam and Bulgaria enhance discussions to boost cooperation in agriculture, chemicals and pharmaceuticals while exploring joint development in foundational industries like materials, manufacturing and processing, and renewable energy.
Minister of Industry and Trade Nguyen Hong Dien has affirmed the determination to strengthen trade promotion and export to major markets, optimising free trade agreements (FTA), making full use of opportunities, and actively responding to challenges in 2024.
