PM suggests U.S. delay imposition of reciprocal tariff on Vietnam for at least 45 days
PM Pham Minh Chinh made the suggestion on April 7 night, saying that Vietnam is ready to negotiate with the U.S. for a mutually beneficial agreement.
At a meeting with relevant ministries and government agencies on April 7 night to seek more solutions in response to 46 per cent reciprocal tariff the U.S. has announced to impose on Vietnam, Prime Minister Pham Minh Chinh suggested the U.S. Administration delay the implementation of its new tariff policy for at least 45 days for bilateral negotiations.
Vietnam is ready to negotiate with the U.S. side to reach a bilateral agreement that benefits the two countries, continues to increase imports from the U.S., including products related to defense and security, and promotes the early aircraft delivery to the former, the PM was quoted by the Government News as saying.
Vietnam will review and fully and effectively resolve the issues concerned by the U.S. side; well handle issues related to monetary policy in line with Vietnamese law and international practices to stabilize interest and exchange rates in accordance with the Vietnamese economy, the PM added.
For non-tariff issues, the Prime Minister assigned ministries and agencies to study and provide satisfactory feedbacks to the U.S. side.
He tasked the Ministry of Industry and Trade to review and strictly control the origin of goods.
He also tasked the Ministry of Science and Technology to review legal regulations on copyright and intellectual property issues and effectively organize the implementation of these regulations to protect the legitimate rights and interests of entities.
