Party leader To Lam during phone talks with US President Donald Trump on July 2, 2025. (Photo: VNA/Thong Nhat)

The two leaders praised the strong and positive development of bilateral ties and welcomed the two negotiating delegations reaching consensus on a Vietnam-US joint statement concerning a fair and balanced reciprocal trade agreement framework.

The US President highly valued Vietnam’s commitment to granting preferential market access for US goods, including large-engine automobiles.

He affirmed that the US will significantly reduce reciprocal tariffs on many Vietnamese exports, and will continue to work with Vietnam to resolve outstanding trade-related issues, particularly in priority areas of both sides.

General Secretary Lam called on the US to soon recognize Vietnam as a market economy and lift export restrictions on certain high-tech products.

The two leaders also discussed major directions and measures to promote the Vietnam-US Comprehensive Strategic Partnership. They agreed to increase delegation exchanges and contacts at all levels, and promote cooperation in economics, trade and investment, especially in key and breakthrough areas such as science and high technology.

On this occasion, the top Vietnamese leader reiterated his invitation to the US President and his spouse to visit Vietnam and expressed his wish to meet Mr. Trump again in the near future. President Trump thanked Party General Secretary Lam for the invitation and showed his desire to meet the Vietnamese leader again soon.