Economy

Vietnam Seizes 90-Day US Tariff Pause as Strategic Negotiation Window, Experts Suggest

Opportunity Amidst Tariff Pause

Prof. Dr. Pham Hong Chuong, president of the National Economics University, highlighted the significance of the 90-day tariff pause by the U.S. as a critical period for Vietnam to assess global trade impacts and strategize responses.

Building a Sustainable Trade Framework

The American Chamber of Commerce in Vietnam views this pause as a golden opportunity for both nations to negotiate towards a sustainable trade agreement that benefits bilateral interests, offering a "buffer period" for supply chain adjustments.

Preparing for Negotiations

With Vietnam and the U.S. set to discuss a trade agreement, Assoc. Prof. Dr. Pham The Anh emphasizes the need for Vietnam to prepare for all scenarios, stressing transparency in product origins and institutional reforms.

Strategies for Economic Growth

Prof. Dr. To Trung Thanh advocates for a growth model adjustment, focusing on the private sector, high-value foreign investments, and leveraging free trade agreements to diversify export markets and reduce dependencies.

Enhancing Competitiveness

Advancements in science, technology, and digital transformation are pivotal for Vietnam to strengthen its global supply chain position and long-term competitiveness, according to experts.