Vietnam's Appeal for Tariff Negotiation Extension

Deputy Prime Minister Ho Duc Phoc has formally requested the United States to postpone the implementation of new tariffs for 1–3 months, aiming to facilitate constructive negotiations between the two nations. This appeal was made during a pivotal meeting in Hanoi with key stakeholders, including exporters, industry associations, and government agencies.

Strengthening Trade Ties

Phoc expressed surprise at the U.S.'s recent tariff decision but reaffirmed Vietnam's commitment to fostering equitable trade practices. Highlighting Vietnam's goodwill, he referenced a recent decree that significantly reduced tariffs on U.S. imports, with many now at 0%. This move, coupled with accelerated contracts for U.S. products such as aircraft and LNG, underscores Vietnam's dedication to mutual economic growth.

Future Collaborations

The Deputy PM outlined plans to enhance imports of U.S. raw materials and equipment, emphasizing the complementary nature of the two countries' trade relations. Vietnam's stance against trade fraud and its commitment to international agreements were also reiterated, ensuring the protection of both nations' economic interests and the global supply chain.

Encouragement for Exporters

Phoc urged Vietnamese exporters to maintain pricing stability and adopt proactive strategies to safeguard their U.S. market presence. The government's pledge to support businesses through these challenges was emphasized, alongside calls for increased cooperation in sci-tech and digital transformation sectors.

Call for Dialogue

The Deputy PM also appealed to the American Chamber of Commerce and the U.S.-ASEAN Business Council to communicate Vietnam's goodwill to the U.S. administration, aiming to bolster the comprehensive strategic partnership between the two countries.