In a proactive move to safeguard Vietnam’s export integrity and maintain strong international trade relations, particularly with the United States, Prime Minister Pham Minh Chinh has directed ministries, local authorities, and overseas diplomatic missions to crack down on the illegal import of goods from third countries disguised as Vietnamese exports.
The direction came during an online conference on April 7 between the Prime Minister, government officials, business leaders, and Vietnamese representatives abroad. The meeting focused on adapting to the rapidly shifting landscape of global trade, following the U.S. announcement of new tariff policies—potentially including a 46% tax on certain Vietnamese imports.
Safeguarding Vietnam’s Reputation in Global Trade
Prime Minister Chinh emphasized the need for Vietnamese enterprises and diplomatic missions to remain vigilant against trade fraud, especially origin evasion, which can severely damage Vietnam’s reputation and threaten its access to key markets.
To address these risks, he instructed government agencies to intensify monitoring, enforcement, and transparency. “We must prevent any misuse of Vietnam as a transit point for goods from third countries destined for the U.S.,” he stated.
Strategic Vision: Independence, Innovation, and Integration
The Prime Minister underscored Vietnam’s commitment to an independent and self-reliant economy—open to the world, yet resilient and diversified. This aligns with Resolution 59-NQ/TW (issued January 24, 2025) and the recent article by General Secretary To Lam on international integration in the new era.
Vietnam is pushing forward with its “strategic quartet,” which includes:
- Breakthroughs in science, technology, and innovation
- Administrative and political system reforms
- Infrastructure development
- Empowering the private sector as a growth engine
These efforts are being supported by three strategic pillars: institutional reform, improved infrastructure, and skilled human resources.
Strengthening Global Connections
The Prime Minister urged Vietnamese missions abroad to deepen connections between Vietnamese enterprises and foreign partners. They are expected to monitor local markets, offer insights, and serve as bridges for trade, investment, and innovation. Regular communication with domestic agencies is also crucial to coordinate policy and support.
Enterprises, meanwhile, are called on to upgrade product quality, embrace digital transformation, and diversify markets and supply chains—reducing dependence on any single country.
Managing Trade Tensions with the U.S.
Regarding the U.S. tariff move, PM Chinh advocated for a calm and strategic approach—balancing short- and long-term responses through diplomacy, negotiation, and trade policy. He affirmed that while the U.S. remains Vietnam’s largest export market, it is not the only one. “We must diversify and develop new markets to ensure sustainable growth,” he said.
To support affected businesses, the government is also considering tax and fee reductions, credit packages, and other relief measures.
United Effort Toward 8% Growth in 2025
Looking ahead, PM Chinh expressed confidence that with unity, determination, and strategic thinking, Vietnam can achieve its ambitious target of 8% GDP growth in 2025—and lay the groundwork for double-digit growth in the future.
Delegates at the conference echoed these views, emphasizing the need to seize opportunities amid global shifts and strengthen Vietnam’s global trade position by adapting, innovating, and remaining compliant with international norms.
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Source: Vietnam Insider