At a cabinet meeting on April 6, Prime Minister Pham Minh Chinh stated that Vietnam will not change the GDP growth target of at least 8 per cent for 2025

The country’s GDP  growing  by 7.7% in the first quarter of this year, up from 7.6% in the fourth quarter of 2024.

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.

In his recent article titled  “Rising in International Integration”, Party General Secretary To Lam highlighted that to achieve peace and development, it is a must to open the door to the outside world and cooperate with other nations, with international integration representing the highest forms and level of international cooperation.

Vietnam has coordinated closely and proactively with the U.S. to negotiate for fair tariff solutions and promote the two-way trade in a mutually beneficial manner, according to Deputy Prime Minister Ho Duc Phoc.

The move made following the US Administration’s recent announcement of imposing reciprocal tariffs on imported goods from 180 trade partners.