Joint Statement — U.S.–Viet Nam Framework for an Agreement on Reciprocal, Fair, and Balanced Trade

Joint Statement — U.S.–Viet Nam Framework for an Agreement on Reciprocal, Fair, and Balanced TradeDate/Source: October 26, 2025 — Briefings & StatementsPurpose: Announce a framework toward a bilateral trade agreement that expands market access and strengthens economic ties, building on the 2000 BTA.Key elementsMarket 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.