Hanoi: Prime Minister Pham Minh Chinh on May 6 chaired a meeting between permanent cabinet members and leaders of ministries and sectors to assess the current trade situation in the new context and negotiations for balanced and sustainable trade ties with the US. This marks the 7th time the Government leader has chaired an exclusive meeting to seek solutions to the US’s new tariff policy, following key directives from the Party Central Committee, the Politburo, and Party General Secretary To Lam.
According to Vietnam News Agency, the meeting focused on understanding the implications of the US’s new tariff policy and devising strategies to ensure that trade negotiations are beneficial for both Vietnam and the US. The emphasis was on maintaining a balanced trade relationship that supports economic growth while addressing any challenges posed by the recent changes in US trade policies.
The government is keen to explore all avenues to mitigate the impact of these tariffs, with a focus on fostering a mutually advantageous trading environment. The approach was in line with the directives from the Party Central Committee and the Politburo, highlighting the importance of strategic economic partnerships.
The meeting underscored the Prime Minister’s commitment to securing a fair trade deal that aligns with Vietnam’s economic goals and strengthens bilateral relations with the US. The ongoing negotiations are expected to address not only tariff issues but also broader aspects of trade cooperation.