The chief executive made the remarks while leading a meeting of the Government Standing Committee with ministries and branches to assess the situation and discuss immediate and long-term solutions after the U.S. announced reciprocal tariffs on products from many countries, including Vietnam.

Minh Chinh emphasized that the current situation shows that trade competition is becoming fiercer, more complicated and more unpredictable, so he asked ministries and branches to be calm, courageous, proactive, flexible, timely with effective responses to all developments to overcome difficulties.

Referring to the U.S. decision, he noted that such fiscal policy “should also be in line to conditions and circumstances of Vietnam as a developing country, which still has to continue to overcome the continuos serious and prolonged consequences of many years of war,” the government e-newspaper reported.

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