HÀ NỘI — Việt Nam will establish a government negotiating team on trade issues with the United States, according to a decision by the Prime Minister on Saturday.

The team is headed by Minister of Industry and Trade Nguyễn Hồng Diên, with Deputy Minister Nguyễn Sinh Nhật Tân serving as deputy head.

Other members include deputy ministers from the ministries of Finance, Agriculture and Environment, Science and Technology, Foreign Affairs, Home Affairs, the Deputy Governor of the State Bank of Việt Nam, and the Vietnamese Ambassador to the United States.

The Ministry of Industry and Trade will serve as the team’s standing agency. A working group composed of officials from relevant ministries and agencies will assist in the negotiation process. The Minister of Industry and Trade will propose the working regulations of the team to the Prime Minister.

The team has three main responsibilities: leading the development of negotiation scenarios and plans with the United States, conducting negotiations to reach a stable and mutually beneficial bilateral trade agreement, and reporting to the Prime Minister on the process and results, including policy recommendations for implementation after the agreement is signed.

Funding for the team’s operations will be drawn from the Government’s existing budget for international economic and trade negotiations, managed by the Ministry of Industry and Trade. The Ministry of Finance is tasked with ensuring adequate supplementary funding. The decision takes effect from the date of signing, with all named members and relevant agencies responsible for implementation. — VNS