On October 26, 2025, the United States and the Socialist Republic of Vietnam announced a Joint Statement regarding a new Framework for an Agreement on Reciprocal, Fair, and Balanced Trade. This initiative aims to strengthen the bilateral economic relationship between the two countries and enhance market access for exporters, building on their existing trade agreement established in 2001. The framework emphasizes mutual commitments to address non-tariff barriers, enhance cooperation on regulatory practices, and reinforce supply chain resilience.

Under the terms of the new agreement, Vietnam will work to resolve specific non-tariff barriers currently hindering U.S. exports, such as vehicle standards and import licensing for medical devices. Additionally, both nations will collaborate on key areas, including digital trade, labor standards, environmental practices, and intellectual property rights. Notably, the United States and Vietnam also acknowledge recent commercial agreements in various sectors, including an $8 billion deal for Vietnam Airlines to purchase aircraft from Boeing and other significant agreements related to agricultural products.

In the coming weeks, officials from both countries will work diligently to finalize the Agreement on Reciprocal, Fair, and Balanced Trade in preparation for official signature. This trade framework is expected to pave the way for increased cooperation and economic growth, with a focus on creating a fair trade environment between the two nations. As the agreement progresses, it has the potential to create new opportunities for both American and Vietnamese businesses.

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