At the 6th meeting on US reciprocal tariffs on April 29, Prime Minister Pham Minh Chinh said that thanks to the implementation of many solutions, Vietnam has achieved initial positive results in trade negotiations, but challenges remain. Therefore, the Prime Minister requested agencies to closely monitor and grasp the situation and respond promptly and proactively.

One of the specific solutions mentioned by the Prime Minister is that relevant ministries and agencies urgently negotiate and sign contracts in May to purchase and import US goods such as LNG, aircraft, medicine, medical supplies, agricultural products, etc. to ensure a sustainable trade balance.

At the same time, discuss with the US side so that both sides can reduce import tax rates on each other's goods to low and commensurate levels.

The Prime Minister also noted that in negotiations, it is necessary to request the US to soon recognize Vietnam as a market economy and remove restrictions on high-tech exports, contributing to balancing trade and technology transfer.

Regarding the amendment of the legal basis to meet the concerns of the US on the basis of ensuring sovereignty, ensuring international commitments and in accordance with the laws of both sides, the Prime Minister said that at the upcoming 9th National Assembly session, the Government will submit to the National Assembly amendments to many laws related to intellectual property, copyright protection, intellectual property protection, cutting administrative procedures... to suit reality.

The Prime Minister said that Vietnam is closely coordinating with ASEAN and countries in the region to conduct negotiations, ensuring harmony of interests, ensuring a sustainable trade balance between the two sides and commensurate with the ASEAN-US Comprehensive Strategic Partnership.

The Prime Minister requested that each relevant ministry and sector develop a specific negotiation plan, and the Ministry of Industry and Trade collect and soon complete the negotiation plan.

Source: https://vtcnews.vn/thu-tuong-yeu-cau-ky-hop-dong-nhap-khi-lng-mua-may-bay-tu-my-trong-thang-5-ar940715.html