{"id":2663,"date":"2026-10-14T12:03:48","date_gmt":"2026-10-14T07:03:48","guid":{"rendered":"https:\/\/ipp-news.com\/?p=2663"},"modified":"2026-10-14T12:03:48","modified_gmt":"2026-10-14T07:03:48","slug":"vietnam-and-us-near-trade-deal-but-tariff-concerns-remain","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=2663","title":{"rendered":"Vietnam and US near trade deal, but tariff concerns remain"},"content":{"rendered":"
\n

Vietnam and the US have nearly completed negotiations covering a trade deal, Vietnamese Deputy Prime Minister Pham Gia Tuc said on Wednesday at an event in Hanoi, though US officials appeared more cautious.<\/strong><\/p>\n

Export-reliant Vietnam has been in talks for more than a year with the \u200bUS, its main foreign market, to avoid punitive tariffs.<\/p>\n

Trump administration officials have repeatedly accused the country of being used as \u200ba transit point to lower duties on Chinese goods bound for the US.<\/p>\n

Vietnam has sent the final \u2060text of the agreement to the US, Tuc said at a business forum in Hanoi.<\/p>\n

\u201cWe expect the US to continue to create \u200bfavourable conditions for Vietnamese goods to access the US market stably and sustainably,\u201d Tuc said.<\/p>\n

After the US\u2019 global tariffs were struck \u200bdown by the Supreme Court in February, the Trump administration launched three investigations into Vietnam\u2019s trade practices.<\/p>\n

One covering alleged failures to prevent the use of goods made with forced labour ended with 12.5% tariffs on Vietnamese products, higher than most of its regional peers.<\/p>\n

The other two investigations covering industrial overcapacity and \u200bthe protection of intellectual property rights are underway and could result in additional tariffs.<\/p>\n

Tuc said Vietnam expects the US to make objective and \u200bbalanced assessments in these investigations.<\/p>\n

Top Vietnamese leader To Lam has been invited by the US to attend the G20 summit in Florida in December, Vietnamese \u200cstate media \u2060reported, raising hopes that a deal could be sealed then.<\/p>\n

<\/a>US cautions<\/strong><\/h3>\n

David Fogel, the US assistant secretary of commerce, in a recorded message streamed at the event, said he was \u201chopeful\u201d the two countries would continue to work together on a trade agreement.<\/p>\n

He warned that the US deficit with Vietnam was the largest that the US has with any partner.<\/p>\n

Vietnam\u2019s trade surplus with the US exceeded $163 billion in the January-to-August \u200bperiod, greater than the US\u2019 bigger \u200btrading partners like Mexico and \u2060China, according to the latest US trade data.<\/p>\n

Among options to balance trade flows, Fogel urged Vietnamese businesses to invest more in the US and noted the US could export \u201cworld-class super-intelligence hardware\u201d to Vietnam.<\/p>\n

The country \u200bcurrently faces restrictions over its access to the US\u2019 most advanced technologies.<\/p>\n

Jennifer Wicks, the US ambassador \u200bto Vietnam, reiterated \u2060at the event that talks on a trade deal were ongoing.<\/p>\n

She urged Vietnam to adapt its regulatory framework on data protection to attract investment and allow businesses to deploy new technologies efficiently.<\/p>\n

US tech companies have repeatedly warned<\/a> that Vietnam\u2019s strict limits on cross-border data transfers discourage investment in the country.<\/p>\n

Wicks \u2060also urged \u200bVietnam to develop predictable policies and stable rules on pricing to favour foreign \u200binvestment in its expanding energy sector.<\/p>\n

Vietnam has been negotiating for years with potential foreign investors on prices that it would pay for electricity generated by power plants.<\/p>\n

It has \u200balso retroactively cut price subsidies for some investors in renewables.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Vietnam and the US have nearly completed negotiations covering a trade deal, Vietnamese Deputy Prime Minister Pham Gia Tuc said on Wednesday at an event in Hanoi, though US officials appeared more cautious. Export-reliant Vietnam has been in talks for more than a year with the \u200bUS, its main foreign market, to avoid punitive tariffs. Trump administration officials have repeatedly accused the country of being used as \u200ba transit point to lower duties on Chinese goods bound for the US. Vietnam has sent the final \u2060text of the agreement to…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-2663","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2663"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2663\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}