“Vietnamese goods exported to the US mainly compete with third countries, not directly with US businesses in the US market. On the contrary, it also creates conditions for US consumers to use cheap Vietnamese goods,” said Mr. Nguyen Sinh Nhat Tan.

At the Government press conference on the afternoon of March 5, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said that as soon as US President Donald Trump was elected, the Prime Minister immediately directed ministries and branches to proactively study the policies and action plans that Mr. Trump expected when he took office. The Vietnamese Government proactively anticipated the incident and proposed solutions.

Up to now, the US President has had a number of policies, especially related to the issue of tax imposition, imposing taxes on all goods in the world, but there are also goods with different tax rates, imposed on different countries.

“Vietnam is not an exception and is affected by this. However, many countries are more strongly affected, Vietnam is not the country that is most affected. The Ministry of Industry and Trade has coordinated with ministries and branches to promptly synthesize and report to the Government. It is expected that in March 2025, the Government will hold a meeting to discuss key topics and solutions to respond,” Deputy Minister Nguyen Sinh Nhat Tan shared.

The Ministry of Industry and Trade has also immediately assigned trade agencies in the countries to study this matter and send timely information. Through the US Embassy in Vietnam and the Vietnamese Embassy in the United States, the Ministry of Industry and Trade has conveyed a message to the United States about its desire to maintain and build a harmonious, sustainable, mutually beneficial economic and trade relationship; at the same time, affirming that Vietnam does not have any policies that could harm US workers or national security.

Source: https://doanhnghiepvn.vn/doanh-nhan/hang-viet-nam-xuat-khau-khong-canh-tranh-truc-tiep-voi-doanh-nghiep-hoa-ky/20250306084908667