Hang said that the EVFTA is likened to a “modern expressway” that has strongly promoted trade relations between the two sides, and also helped enhance Vietnam’s position as an attractive investment destination in the region.

National Economic Council Director Kevin Hassett said Sunday that he is “very comfortable” with a trade deal closing between the United States and China after the two sides meet Monday in London.

When US President Donald Trump introduced sweeping new tariffs on Chinese imports the goal was to bring manufacturing back to American soil and protect local jobs.

Thanks to flexible and adaptive measures in management and production, Vietnam’s export turnover has maintained a solid growth momentum, contributing to the country’s broader economic targets.

Cooperation between the United States and China on restricting fentanyl substances has yielded tangible benefits, highlighting the potential for pragmatic diplomacy between major countries amid complex geopolitical landscapes, according to recent research from the Peterson Institute for International Economics.

The Austrian side welcomed and highly appreciated the delegation’s visit, affirming that Austria highly values its traditional friendship with Vietnam and considers Vietnam one of Austria's leading important partners in Asia.

Vietnam and the US agreed to speed up negotiations on the bilateral agreement on reciprocal trade.

The third technical round of negotiations for a reciprocal trade agreement between Vietnam and the U.S. is expected to take place in the first half of June, as agreed by their trade ministers on Wednesday.

Economists are optimistic that exports to Vietnam will increase significantly in the wake of a Vietnamese announcement that it will grant zero per cent tariff preferences on 28 tariff lines of Cambodian-origin products until December 31, 2026.

President Donald Trump and Chinese President Xi Jinping spoke Thursday and agreed that officials from the U.S. and China will meet soon for more talks to resolve an ongoing trade war.