Joint Statement — U.S.–Viet Nam Framework for an Agreement on Reciprocal, Fair, and Balanced Trade
- Date/Source: October 26, 2025 — Briefings & Statements
- Purpose: Announce a framework toward a bilateral trade agreement that expands market access and strengthens economic ties, building on the 2000 BTA.
Key elements
Market access:
- Viet Nam to provide preferential access for substantially all U.S. industrial and agricultural exports.
- U.S. to maintain 20% reciprocal tariffs per EO 14257 (as amended), with some items from EO 14346 Annex III at 0%.
Non‑tariff barriers:
- Viet Nam to accept vehicles built to U.S. safety and emissions standards.
- Address import licenses for U.S. medical devices.
- Streamline approvals for U.S. pharmaceuticals.
- Fully implement obligations under certain international IP treaties and address conformity assessment concerns.
Agriculture:
- Prevent barriers to U.S. products; recognize U.S. regulatory oversight and accept agreed U.S. certificates.
Digital, services, and investment:
- Finalize commitments on digital trade and on services/investment.
- Engage on IP, labor, environment, customs/trade facilitation, good regulatory practices, and SOE distortions.
Supply chain and security:
- Cooperate on resilience, address duty evasion, and coordinate on export controls.
Commercial deals noted:
- Vietnam Airlines to purchase 50 Boeing aircraft (over $8B).
- 20 MOUs for Vietnamese purchases of U.S. agricultural commodities (over $2.9B).
Next steps:
- Finalize the agreement text, prepare for signature, and complete domestic procedures before entry into force.
