The US and Vietnam have agreed to start trade deal negotiations, Hanoi said on Thursday.
This comes hours after US President Donald Trump announced a 90-day pause on his 46% duty on Vietnamese goods.
In a statement, the Vietnamese government noted that the two countries will now consider removing as many non-tariff barriers as possible.
The move follows a meeting in Washington between US Trade Representative, Jamieson Greer and Vietnamese Deputy Prime Minister, Ho Duc Phoc.
According to the office of the US Trade Representative, Phoc and Greer discussed reciprocal trade and their bilateral relationship.
“The Trump administration will continue to engage with our trading partners to address trade barriers,” it wrote on X.
Vietnam gained almost 90% of its annual gross domestic product from exports of goods and services in 2023, according to the World Bank.
Its trade surplus with the US has surpassed $123 billion.
