Task force set up to adapt to US economic and trade policy changes

Prime Minister Pham Minh Chinh on April 3 signed a decision on the establishment of a special task force to strengthen cooperation and proactively adapt to changes in US economic and trade policies.

The move is made following the US Administration’s recent announcement of imposing reciprocal tariffs on imported goods from 180 trade partners of the US, including a 46% tariff rate on Vietnamese exports to the US.

Deputy Prime Minister Bui Thanh Son will lead the task force, while Minister of Industry and Trade Nguyen Hong Dien will serve as its deputy head.

The task force has been assigned with assisting the PM in closely monitoring global and regional developments, particularly the adjustments in the US’s economic and trade policies.

Its mandate includes advising the Government on flexible, timely, and effective responses to international developments and US policy changes to overcome challenges and seize opportunities while maintaining a peaceful, stable environment for national growth and development.

The task force will uphold individual responsibility and function according to the Government’s working regulations and legal frameworks.

The task force will disband once its mission is completed.