According to information from the Ministry of Industry and Trade , immediately after the US announced the imposition of reciprocal tariffs on Vietnam, Minister Nguyen Hong Dien sent a diplomatic note, as well as used various channels to arrange a phone call with his counterpart, the US Trade Representative, to continue discussions and negotiations.
Regarding the upcoming phone call between Minister Nguyen Hong Dien and his counterpart, Mr. Ta Hoang Linh - Director of the Foreign Market Department - said that the leaders of the Ministry of Industry and Trade will continue to exchange information with the other side, affirming that Vietnam wants to build fair trade, is ready to exchange and negotiate to resolve problems and shortcomings for greater harmony.
“ Mr. Trump’s speech has positive comments for Vietnam, which is a good signal for the two sides to discuss in the next few days before April 9, towards jointly handling the issues that the two sides are facing, ” said Mr. Linh.
The Minister of Industry and Trade will have a phone call with his counterpart about US tax policy.
According to Mr. Linh, phone calls at ministerial and technical levels are being urgently deployed as soon as possible to help resolve the issue of reciprocal tax imposition.
Recently, Minister Nguyen Hong Dien was also assigned by the Prime Minister to be Deputy Head of the working group on enhancing cooperation and proactively adapting to adjustments in US economic and trade policies.
The working group is tasked with helping the Prime Minister closely monitor developments in the world and region, especially adjustments to US economic and trade policies, to proactively advise, propose, and recommend to the Government and the Prime Minister measures to flexibly, promptly, appropriately, and effectively adapt to the world and regional situation and US policy adjustments in the coming time.
On April 2 (local time), the administration of President Donald Trump announced that it will apply a 10% import tax on all imports into the US from April 5, 2025. Then, from April 9, 2025, the country's largest trading partners will be subject to higher reciprocal taxes (Vietnam is subject to a 46% reciprocal tax, among the countries with the highest taxes along with China, Cambodia, Indonesia, and Myanmar).
“The risk of a trade war occurring on a large scale is relatively high. This will greatly affect many economies in many different aspects, especially import and export activities of goods, currency and attracting foreign investment,” the Ministry of Industry and Trade assessed.
The representative of the Ministry of Industry and Trade also recommended that domestic enterprises need to diversify export markets, improve product quality, and ensure that products meet technical, labor and environmental standards.
Focus on controlling the origin of raw materials for production, ensuring compliance with FTA rules of origin, and avoiding risks related to trade fraud.
Businesses must also improve their awareness and ability to respond to foreign trade defense measures, through updating information and participating in relevant training courses.
PHAM DUY
Source: https://vtcnews.vn/bo-truong-cong-thuong-se-dien-dam-dong-cap-ve-chinh-sach-thue-cua-my-ar935743.html
Comment (0)