USABC affirmed its continued support for Vietnam’s efforts in maintaining macroeconomic stability and sustainable growth.
The working session between Minister of Industry and Trade Nguyen Hong Dien, head of the Vietnamese delegation, and Jeffrey Perlman, Chairman of Warburg Pincus and Chairman of the US-ASEAN Business Council (USABC). (Photo: VietnamPlus)
Washington DC. (VNA) ☂– Minister of Industry and Trade Nguyen Hong Dien has called on the US-ASEAN Business Council (USABC) and the American business community to continue supporting Vietnam in the negotiation of a reciprocaꦇl trade agreement between the two countries.
The proposal was made during his meeting on June 9 with Jeffrey Perlman, Chairman of both Warburg Pincus Investment Fund and USABC, as part of the minister’s working visit to the United States.
At the meeting, Minister Dien spoke highly of the growing economic and trade ties between Vietnam and the US, affirming that the US remains one of Vietnam’s top economic partners. He stressed that the two economies are complementary, creating competitive advantages and fostering sustainable development in line with Vietnam’s vision of building an independent, self-reliant economy with deep global integration.
He called on USABC and American firms to lend continued support to Vietnam during the ongoing reciprocal trade agreement negotiations and promote Vietnam’s investment and business potential among US partners.
For his part, Perlman expressed strong confidence in Vietnam’s economic prospects, noting that the country is now Warburg Pincus’s second-largest market in Asia. He reiterated the fund’s commitment to long-term investment in Vietnam and pledged to actively advocate for closer bilateral economic-trade ties.
Perlman also said he plans to soon meet with US Secretary of Commerce Howard Lutnick, Treasury Secretary Scott Bessent, and US Trade Representative Jamieson Greer to present key recommendations. These include USABC’s support for a balanced and harmonious trade deal with Vietnam, a call for enhanced cooperation between the US and ASEAN given the region’s strategic role, and an appeal for objective and comprehensive evaluation of the current trade imbalance. He said that this last aspect is a natural outcome of economic relations between a developed country and an emerging economy like Vietnam.
Minister of Industry and Trade Nguyen Hong Dien and Jeffrey Perlman, Chairman of Warburg Pincus and Chairman of the USABC. (Photo: VietnamPlus)
During the meeting, the two sides also discussed potential cooperation in energy, industry, digital transformation, green transition, logistics, and supply chain development. USABC affirmed its continued support for Vietnam’s efforts in maintaining macroeconomic stability and sustainable growth.
On the same day, Minister Dien held talks with leaders of the American Apparel & Footwear Association (AAFA) and major US textile and footwear firms, including GAP, Levi Strauss, Hanes Brands, and Under Armour.
The minister acknowledged AAFA’s vital role in promoting Vietnam–US trade relations and thanked the association for acting as an effective bridge between US businesses and Vietnamese producers. He affirmed Vietnam’s readiness to be a reliable partner in global supply chains and expressed a wish to strengthen cooperation to build a fair, adaptable, and sustainable trade environment.
At the meetings, Minister Dien called on US associations and major corporations to convey Vietnam’s message to the administration of President Trump. He stressed that the recently established Comprehensive Strategic Partnership between Vietnam and the US has created favourable conditions for US companies to invest and do business in Vietnam. He affirmed that long-term cooperation with Vietnam would bring strategic benefits and help improve the trade balance in a fair, harmonious, and sustainable manner.
He also urged the US to recognise Vietnam as a market economy and to remove it from the D1 and D3 control lists that currently restrict the export of high-tech products. Doing so, he said, would bring practical benefits to both countries in both the short and long term./.
The agreements were signed as part of a working visit by a delegation from Vietnam’s Ministry of Agriculture and Environment to the states of Iowa, Ohio, and Maryland, and Washington D.C., from June 2 to 6.
Minister of Agriculture and Environment Do Duc Duy highlighted that both Vietnam and the US possess significant agricultural strengths, not as direct competitors but as complementary partners, with potential for mutual support and development.
Vietnam’s legal framework governing fruit imports and exports is now relatively comprehensive. However, a lack of understanding of each country’s regulatory requirements among some exporters and importers continues to cause procedural difficulties.
US Ambassador Marc Knapper affirmed that the US is ready to continue working with Vietnam to deepen mutually beneficial cooperation and advance the bilateral relationship, based on mutual respect for each other’s independence, sovereignty, territorial integrity, and political systems.
Vietnamese Ambassador to Morocco and Côte d’Ivoire Le Kim Quy traced the 50-year journey of bilateral relationship, noting strides in political dialogue, mutual support at international forums like the United Nations, the Francophonie, and the Non-Aligned Movement, and robust economic ties anchored in trade and investment.
Son and Rubio expressed their delight that their meeting coincides with the 30th anniversary of Vietnam-US diplomatic ties (July 12). They reviewed extraordinary strides made in various areas over the past three decades, especially since the upgrade of the bilateral relations to a Comprehensive Strategic Partnership in 2023.
Thanh highlighted that the Ho Chi Minh Space is not only a special cultural and historical landmark, but also a source of inspiration for the human values, independence, and the quest for freedom that President Ho Chi Minh steadfastly pursued throughout his life.
With trust and mutual respect, Vietnam and the US are writing a new chapter of long-term cooperation, for the benefit of the people of the two countries and for peace and prosperity in the region and the world.
This stride was made possible by a shared commitment to building bridges of friendship rooted in trust, strategic vision, and strong public support of both sides.
Thirty years ago, in the night of July 11, 1995 (US time), US President Bill Clinton officially announced the normalisation of diplomatic relations with Vietnam. In the early morning of July 12, 1995 (Vietnam time), Prime Minister Vo Van Kiet officially announced the normalisation of diplomatic relations with the US.
The seminar was the first activity in during Thanh’s visit, the first-ever by a top Vietnamese legislator since the two countries established diplomatic ties in 1975.
Hansen said Denmark attaches importance to the Comprehensive Partnership and Green Strategic Partnership with Vietnam while speaking highly of the positive development in the bilateral relations over the recent past.
The Party Central Committee’s Politburo and Secretariat on July 11 announced disciplinary measures against three incumbent and former officials for serious violations of the Party's regulations and the State's laws while performing their duties.
HCM City, as Vietnam’s vibrant economic and cultural hub, has played a pivotal role in fostering cooperation between the two countries. French businesses, as well as educational, health care, heritage conservation, and urban development organisations have maintained an active and visible presence in the city.
Over the past three decades, two-way trade has increased more than 300 times, with Vietnam becoming a major player in global supply chains. Many major US corporations now view Vietnam as a strategic manufacturing and consumer market, while more Vietnamese firms are entering the highly competitive US market.
Three decades since the normalisation of bilateral ties, thanks to tireless efforts from both nations, Vietnam and the US have built mutual trust, becoming friends and comprehensive strategic partners across all sectors.
The following is a brief review of the day’s events as reported by the Vietnam News Agency.
People-to-people exchange has long served as a vital bridge between Vietnam and China, forming a strong social foundation for building trust, fostering cooperation, and maintaining peace. In celebration of the 75th anniversary of diplomatic ties in 2025, the two Parties and Governments have jointly designated the year as the “Year of Vietnam-China Humanistic Exchange,” reflecting a shared strategic vision to promote sustainable bilateral relations rooted in public engagement.
Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son held separate meetings with the foreign ministers of China, Australia, and Algeria on the sidelines of the 58th ASEAN Foreign Ministers’ Meeting (AMM-58) in Kuala Lumpur, Malaysia, on July 10.
The Lao Vice President asked the Central Committees of the Ho Chi Minh Communist Youth Union (HCYU) and the Lao People's Revolutionary Youth Union (LPRYU) to continue enhancing coordination to effectively implement their 2022–2027 cooperation agreement, especially in youth exchanges and education of younger generations about the countries’ traditional ties.
Three former US ambassadors to Vietnam have shared their views on the past achievements and future prospects of bilateral relations as the two countries celebrate the 30th anniversary of the normalisation of their diplomatic relations this July.
