Deputy Minister Nguyen Sinh Nhat Tan and US Deputy Trade Representative Bryan R. Switzer agreed to maintain regular exchanges and strive toward a balanced, mutually beneficial reciprocal trade agreement.

According to the Department of Foreign Market Development, on the evening of October 14 (Vietnam time), Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan also Deputy Head of the Government Negotiation Delegation on the Vietnam-US Reciprocal Trade Agreement held an online call with Mr. Bryan R. Switzer, the newly appointed US Deputy Trade Representative (Deputy USTR).

The discussion took place in a frank, open, and constructive atmosphere. Deputy Minister Nguyen Sinh Nhat Tan congratulated Mr. Switzer on his confirmation by the US Senate as Deputy USTR on September 19, 2025.

During the call, both sides expressed satisfaction that, after 30 years of diplomatic relations, 10 years of a Comprehensive Partnership, and over two years since upgrading to a Comprehensive Strategic Partnership, Vietnam-US relations have continued to develop positively and substantively across all fields. Economic, trade, and investment cooperation remains a key pillar and driving force in the overall bilateral relationship.

In 2024, bilateral trade reached nearly USD 150 billion. The US is Vietnam’s second-largest trading partner and one of its most important export markets, while ranking 11th among 142 countries and territories investing in Vietnam.

Deputy Minister Nguyen Sinh Nhat Tan affirmed that Vietnam regards the US as one of its top strategic partners and expressed Vietnam’s commitment to working closely with the US to advance negotiations toward a fair, balanced, and mutually beneficial reciprocal trade agreement thereby strengthening mutual understanding, building strategic trust, and fostering stability and sustainable development in bilateral relations.

For his part, Deputy USTR Bryan R. Switzer spoke highly of current cooperation, noting that while some technical issues remain, the negotiation process has been progressing smoothly thanks to effective coordination at all levels from ministerial and deputy-head levels to technical working groups.

Both sides agreed to maintain regular exchanges and continue efforts toward concluding a reciprocal trade agreement that serves the interests and priorities of both nations.