Vietnam's Strategic Response to US Tariff Policy

In a decisive move to foster balanced and sustainable economic ties with the United States, Vietnam's Prime Minister Pham Minh Chinh led a high-level meeting on April 5, 2025. This gathering aimed to address the implications of President Donald Trump's recent tariff policy announcement and to strategize Vietnam's response.

Key Discussions and Actions: The Vietnamese government is actively engaging with US businesses and experts to tackle challenges, promote US-invested projects in Vietnam, and consider adjusting tariffs on US imports. PM Chinh highlighted Vietnam's commitment to mutual benefits and the importance of negotiations to mitigate potential impacts on Vietnam's economy.

Turning Challenges into Opportunities

PM Chinh emphasized Vietnam's resilience in the face of global challenges, including the COVID-19 pandemic and economic downturns. He underscored the special Vietnam-US relationship, rooted in economic and trade cooperation that benefits both nations.

Strategic Measures: Vietnam plans to implement adaptive solutions, including tariff and non-tariff measures, to safeguard its economy and maintain stable growth. The government aims to achieve an 8% growth target in 2025, focusing on innovation, economic restructuring, and strengthening supply chains.

Future Directions

The Prime Minister called for continued diplomatic efforts with the US, emphasizing the need for mutual understanding and cooperation. Vietnam is also reviewing import items to increase purchases from the US, balancing trade, and considering tariff reductions on certain US goods.