Important time to promote internal strength

This is a serious issue, not only threatening export activities but also deeply affecting manufacturing industries, creating great challenges for the whole country and especially Ho Chi Minh City, a locality with a strategic position in the national economy, contributing a large part to Vietnam's total export turnover.

Experts have given many opinions such as the need to be more proactive in responding to the impact of tariff policies instead of just reacting passively. In the immediate future, it is necessary to actively promote bilateral negotiations with the US to reduce this tax rate; control origin fraud; expand export markets to countries with FTAs ​​(Free Trade Agreements) to help reduce dependence on the US market and develop potential markets; continue to improve the investment environment, creating favorable conditions for domestic enterprises to develop...

At the national level, at the regular Government meeting in March 2025 and the online conference between the Government and localities, Prime Minister Pham Minh Chinh expressed his views on both being calm and proactive in response. This is also an opportunity for us to restructure the economy, overcome difficulties, rise up, be self-reliant, self-reliant and more mature. At the meeting on the afternoon of April 7, Prime Minister Pham Minh Chinh specifically stated groups of solutions: breakthroughs in science and technology development, innovation and national digital transformation; streamlining the organization of the political system; developing the private economic sector; international integration in the new situation.

The US tax policy shows that the world and regional situation is changing very quickly, complicatedly, unpredictably, with more difficulties and challenges than opportunities and advantages for the Vietnamese economy. From the Covid-19 pandemic to conflicts in regions, causing disruptions in production and supply chains, or severe natural disasters and floods, all cause unexpected difficulties.

Vietnam is a developing country, the economy is in transition, the economic scale is still modest, the starting point is low, the openness is high, therefore, fluctuations in the world can affect. There is no other way but for us to adapt, to contribute to leading the change.

If the whole country in general and Ho Chi Minh City in particular take advantage of this time to restructure the market, increase product value, and promote internal strength, we will certainly overcome tariff barriers; shape a new position in the global value chain; be more proactive, more stable, and less dependent.

Duc Hanh - Truong Giang

Source: https://baophapluat.vn/thoi-diem-quan-trong-phat-huy-noi-luc-post544896.html