During a meeting on April 5 to seek immediate and long-term measures after the U.S. Administration announced reciprocal tariffs on imports into the U.S., PM Pham Minh Chinh called for more initiatives to promote trade relations between Vietnam and the U.S. in a balanced and sustainable manner.

Foreign contractors selected through bidding are required to priorities using products, goods, and services that can be produced or supplied domestically.

Recently, Foxconn announced it has injected an additional $23.40 million into Fulian Precision Technology Component, a subsidiary in Vietnam.

The figure increasing by 34.7% as compared to the same period last year.

Vietnam needs to fully address the shortcomings in its economy as it pursues higher growth, with the Party General Secretary calling for a new, groundbreaking resolution on private sector development.

The group produces 10.5 million tons of raw coal in Q1.