HCMC – Prime Minister Pham Minh Chinh has urged negotiations with the U.S. be stepped up at all levels, imports be increased to narrow Vietnam’s trade surplus with America, and tariffs be reduced on goods imports from the U.S.
He presided over a Cabinet meeting on April 5 to discuss ways to boost trade with the U.S. following the April 4 phone call between Party General Secretary To Lam and President Donald Trump, according to the Vietnam News Agency.
Trump on April 2 announced new reciprocal tariffs on imports from all nations, with Vietnam facing a 46% tariff, which will come into force on April 9.
Chinh emphasized that Vietnam–U.S. relations are special and seen as a model in international relations, and that the two economies are complementary and supportive of each other, rather than being mutually competitive.
The Government leader instructed that, alongside the flexible and effective management of macroeconomic policies to ensure macroeconomic stability, control inflation, and maintain major economic balances, ministries, agencies and localities must revitalize traditional growth drivers like investment, export and consumption, and diversify products, markets, and supply chains.
He called for exploring tax and fee reductions to support businesses impacted by U.S. tariffs, while promoting domestic commerce and consumption. He stressed the importance of tightening controls on product origin, branding, intellectual property, and trade fraud.
He said Vietnam needs to continue dialogue with the U.S. at all levels and through all channels to address U.S. concerns for mutual benefits.
He also urged working closely with American businesses to resolve difficulties, respond to their proposals and requests, and promote their investment projects in Vietnam.
