Vietnam has said its negotiations with the United States on a reciprocal trade agreement are largely complete after seven rounds of talks since April 2025.

The two sides have basically completed almost all negotiating content and are working through a handful of technical issues, trade ministry official Ngo Chung Khanh said in a statement on Wednesday, according to Reuters.

Vietnam is coordinating with the US Trade Representative’s office to finalise the remaining issues and move toward signing and implementation.

Vietnam’s trade surplus with the US reached $122.62 billion in the first nine months of 2026, up 23.8 per cent from a year earlier, official data showed.

Vietnamese leader To Lam said last month that a deal could be signed soon. A framework agreed in October 2025 keeps US tariffs on Vietnamese goods at 20 per cent.

A framework agreed in October 2025 keeps US tariffs on Vietnamese goods at 20 per cent, with 40 per cent on transshipped goods. Vietnam in turn grants preferential access for US industrial and agricultural exports.