Today, U.S. Department of Treasury and State Bank of Vietnam (SBV) officials announced that they have “reached agreement to address Treasury’s concerns about Vietnam’s currency practices as described in Treasury’s Report to Congress on the Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.”

Although the announcement falls short of explicitly resolving the ongoing Section 301 investigation into Vietnam’s acts, policies, and practices at this time, officials did say that “Treasury will inform other U.S. government agencies that it has reached agreement with the SBV to address Treasury’s concerns about Vietnam’s currency practices.”

Click here to view the Joint Statement from the U.S. Department of the Treasury and the State Bank of Vietnam.

Shapiro will continue to monitor the situation and provide updates as they become available.