During the session, both sides reaffirmed their determination to advance the negotiations in a spirit of goodwill, with a view to reaching a balanced agreement that aligns with the interests of both Vietnam and Mercosur.
The US was Vietnam's second-largest supplier of agricultural products, with export turnover reaching 4.7 billion USD in 2025, a remarkable increase from less than 3.5 billion USD in 2024, Fruitnet said, citing a new report by the US Department of Agriculture (USDA).
The US decided to keep unchanged tariff rates on certain countries in Southeast Asia, such as 32% for Indonesia and 36% for Thailand, effective from August 1. Malaysia faces a 25% rate, up from the 24% that the US threatened in April.
According to a report released by UOB's Global Economics & Market Research Unit released on July 8, Vietnam’s real GDP grew by a robust 7.96% year-on-year in the second quarter of 2025, significantly exceeding Bloomberg’s forecast of 6.85%, UOB’s projection of 6.1%, and the revised growth figure of 7.05% in the first quarter.
The future tasks must ensure Vietnam's core interests while helping consolidate and strengthen the Vietnam-US Comprehensive Strategic Partnership, bringing benefits to both countries and their consumers, and contributing to peace, stability, cooperation, and development in the region and the world, PM Chinh said.
According to data from FiinTrade and SSI Research, ETFs posted a net outflow of over 210 billion VND between May 12 and 16, marking the second consecutive week of withdrawals.
It added that the Cambodian Government will continue cooperating with the US to develop mutually beneficial trade and investment relations.
Prime Minister Pham Minh Chinh has called on ministries and agencies to proactively engage with the US, as he chaired a meeting on April 29 to review preparations for upcoming trade negotiations.
Vietnamese ministries and sectors stand ready to address the US’s concerns and work together to find mutually beneficial solutions based on the principle of harmonised interests and shared risks, said Minister of Industry and Trade Nguyen Hong Dien.
Indonesia has been exploring new export destinations beyond the US and plans to accelerate trade negotiations in anticipation of new US tariffs.
