Vietnam, US discuss trade ties, potential cooperation fields

The two officials discussed bilateral economic and trade relations as well as potential areas for deeper cooperation. They agreed that despite difficulties, the Vietnam–US Comprehensive Strategic Partnership has continued to grow fruitfully.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien on October 26 has a working session with US Under Secretary of State for Economic Growth, Energy and the Environment Jacob Helberg on October 26. (Photo: moit.gov.vn)
Vietnamese Minister of Industry and Trade Nguyen Hong Dien on October 26 has a working session with US Under Secretary of State for Economic Growth, Energy and the Environment Jacob Helberg on October 26. (Photo: moit.gov.vn)

Hanoi (VNA) – Vietnamese Minister of Industry and Trade Nguyen Hong Dien on October 26 had a working session with US Under Secretary of State for Economic Growth, Energy and the Environment Jacob Helberg on the sidelines of the 47th ASEAN Summit and Related Summits in Kuala Lumpur, Malaysia.

The two officials discussed bilateral economic and trade relations as well as potential areas for deeper cooperation. They agreed that despite difficulties, the Vietnam–US Comprehensive Strategic Partnership has continued to grow fruitfully.

The year 2025 will mark 30 years since the normalisation of diplomatic relations (1995–2025) and two years since the establishment of the Comprehensive Strategic Partnership (2023–2025). Dien said this milestone reflects the remarkable progress of the bilateral relations and opens up a new stage of more substantive and strategic cooperation between the two countries.

Helberg expressed strong interest in promoting collaboration with Vietnam in artificial intelligence (AI), building resilient supply chains, and developing new energy sources.

Dien emphasised that AI is not just a technology but a key driver of productivity and national competitiveness. Therefore, Vietnam wants to advance AI cooperation in a practical way, focusing on training, standards, and technology transfer.

He added that Vietnam has adopted policies encouraging innovation and is eager to learn from and cooperate with advanced partners such as the US. The Ministry of Industry and Trade is ready to study the potential for joint projects in this field.

On supply chains, the minister stressed that Vietnam is actively diversifying its sources of input materials for manufacturing industries to ensure stability and resilience.

In the energy sector, Dien briefed the US side on Vietnam’s energy development policies and called on the US to continue supporting Vietnam in developing large-scale renewable and new energy projects associated with green financial mechanisms and technology transfer.

He raised Vietnam’s concerns over the US National Oceanic and Atmospheric Administration (NOAA)’s decision not to grant equivalence recognition to 12 seafood harvesting methods. This move threatens livelihoods of hundreds of thousands of labourers, undermines the international reputation of Vietnam’s seafood industry and limits supply options for US consumers, Dien noted.

The Vietnamese minister also urged the US to consider Vietnam’s request for early recognition of its market economy status and to remove Vietnam from the D1 and D3 lists, which restrict exports of high-tech products. The US side took note of the proposals and said they would be carefully considered.

Both sides agreed to assign technical teams to study concrete cooperation plans and explore future joint initiatives./.

VNA

See more

An automobile assembly line of the THACO Truong Hai Group in Da Nang. (Photo: VNA)

Da Nang promotes investment attraction to achieve over 11% growth

Da Nang's foreign direct investment (FDI) attraction showed strong growth, reaching 237.7 million USD, double the level recorded a year earlier. The city granted licences for 47 new FDI projects, approved capital adjustments for 16 projects and recorded 10 transactions involving capital contributions and share acquisitions in economic organisations.

Deputy Prime Minister Nguyen Van Thang speaks at the forum. (Photo: vneconomy.vn)

Vietnam pivots to selective, high-quality FDI attraction for sustainable growth: Deputy PM

The FDI sector remains a key pillar of Vietnam’s economy, with more than 46,500 valid projects and total registered capital exceeding 543 billion USD so far. Disbursed capital has reached around 357.6 billion USD. The FDI sector contributes over 20% of GDP, accounts for around 70% of total export turnover, and creates jobs for millions of workers. Vietnam continues to rank among ASEAN’s leading FDI destinations despite global investment slowdowns.

Customs officers inspect vehicles and imported goods at the Huu Nghi International Border Gate in Lang Son province. (Photo: VNA)

Customs intensify crackdown on counterfeit goods, trade fraud

The customs sector has identified the fight against smuggling, trade fraud, counterfeit goods and intellectual property violations as a key task. Customs units nationwide have stepped up inspections and supervision of import-export activities along major routes and at key checkpoints.

Workers process clams for export at the factory of Thanh Hoa Fishery Import-Export JSC in Thanh Hoa province. (Illustrative photo: VNA)

Vietnam notifies WTO committee of goods origin management reforms

The information presented by Vietnam attracted attention from others WTO members amid global efforts to accelerate the digital transformation of import – export procedures and improve the implementation of rules of origin to enhance supply chain adaptability.

A Petrolimex worker refuels a motorbike. (Photo: VNA)

Energy imports surge in first quarter of 2026

Data from Vietnam Customs shows that the country spent approximately 2.93 billion USD importing nearly 3.37 million tonnes of petroleum products in the first quarter of 2026, an increase of 77.8% in value and over 44% in volume compared to the same period last year.

A perspective of the Quang Ninh 1 Wind Power Plant project (Photo: Quang Ninh provincial Department of Construction)

Quang Ninh gives nod to first offshore wind power plant

The project is expected to have a designed capacity of 50 MW and will be implemented in nearshore waters of the Co To special zone. It will be the first offshore wind power project in the province, playing a pioneering role in tapping Quang Ninh’s abundant renewable energy potential.