HCMC – Vietnam will begin the first round of trade negotiations with the U.S. on May 7, Prime Minister Pham Minh Chinh said this morning, adding the country is among six nations prioritized for trade talks with Washington.
He made the statement while delivering a report on the 2024 socio-economic performance and plans for early 2025 at the opening session of the National Assembly’s ninth sitting on May 5.
The Government leader noted that global economic conditions have remained volatile, citing the U.S. move to impose sweeping reciprocal tariffs, later delayed by 90 days for most partners except China, with a provisional rate of 10%.
The country has responded with timely and flexible measures, yielding initial positive results. Vietnam is among six countries prioritized by the United States for trade talks, with the first round set to begin on May 7, PM Chinh stressed.
He said the Government, under the guidance of the Politburo and Party General Secretary To Lam, has been closely directing the negotiation team and relevant agencies.
Authorities are monitoring developments, finalizing proposals, and preparing for negotiations with the U.S. based on the principle of “harmonized interests and shared risks.”
According to official data, Vietnam’s exports to the U.S. reached US$31.4 billion in the first quarter, up 22% year-on-year. Imports from the U.S. rose 21% to US$4.1 billion.
The Government and relevant ministries are urgently formulating and implementing support measures for businesses and workers affected by the new U.S. tariff policy.
A decree on strategic trade control will be issued soon, alongside enhanced inspection and oversight of product origin, as well as efforts to expand markets and supply chains. These actions aim to improve the quality and competitiveness of Vietnamese goods and services, ensuring readiness to adapt to global economic developments.
