Proposing the US to postpone taxation of Vietnam for at least 45 days

PHẠM ĐÔNG |

The Prime Minister suggested that the US postpone the imposition of tariffs on Vietnam for at least 45 days to negotiate, prepare and transition the status.

On the evening of April 7, at the Government headquarters, Politburo member and Prime Minister Pham Minh Chinh chaired a meeting with ministries and branches to update the situation with new developments, continuing to discuss solutions after the US side has just announced the imposition of countervailing taxes on goods from many countries, including Vietnam.

After listening to ministries, branches and agencies reporting, concluding the meeting, the Prime Minister emphasized that this is the third meeting to handle this problem; welcome ministries and branches to prepare reports and relevant contents; Direct the completion of complete records to serve the negotiating delegation with the United States.

Regarding the solution, the Prime Minister stated that the US side should postpone the imposition of tariffs on Vietnam for at least 45 days to negotiate, prepare and transition the status.

At the same time, approach and negotiate with the US side to reach a bilateral agreement, towards a sustainable trade balance that is beneficial to both sides, harmonious benefits, shared risks, and benefits to both sides' consumers, without affecting Vietnam's international commitments.

Regarding taxes, it is implemented according to the high-level agreement orientation between General Secretary To Lam and US President Donald Trump.

Regarding trade solutions, continuing to buy more US goods with strengths, Vietnam has demand, including goods related to security and defense; promoting early delivery with commercial aircraft contracts.

Thu tuong Chinh phu yeu cau thuc day giao hang som voi cac hop dong thuong mai may bay. Anh: VGP
The Prime Minister requested to promote early delivery of goods with commercial aircraft contracts. Photo: VGP

Review and continue to thoroughly and effectively resolve the concerns of the US side. Handling issues related to monetary policy well according to Vietnamese law and international practices to stabilize interest rates, stabilize exchange rates and balance, in accordance with Vietnam's economy.

Regarding non-tax issues, the Government Office is assigned to review issues of concern to the US side, assign ministries and branches to study and respond appropriately and closely to the actual situation.

Regarding the origin of goods, the Ministry of Industry and Trade reviews and strictly controls the origin of goods according to Vietnamese law and does not let unfortunate incidents happen.

Regarding the issue of copyright and intellectual property, the Ministry of Science and Technology is assigned to review legal regulations and effectively organize implementation to protect the legitimate and legal rights and interests of entities, combat counterfeit goods, counterfeit goods, and lottery goods.

Regarding support for businesses, the Prime Minister directed the expansion of preferential credit packages for seafood and researched preferential credit packages for other sectors and products.

Continue to extend debts, reduce lending interest rates for items that may be affected by US tax policies; postpone, extend taxes, land rents for businesses in difficult times.

Review and refund value-added tax in the direction of reducing administrative procedures and reducing inconvenience; research and propose to competent authorities on tax reduction, first of all value-added tax.

Continue diplomatic measures through different channels to influence US agencies to have solutions suitable to Vietnam's conditions and circumstances and the Comprehensive Strategic Partnership between the two countries.

PHẠM ĐÔNG
TIN LIÊN QUAN

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Deputy Minister of Industry and Trade talks about responding to US counterpart tariffs

PHẠM ĐÔNG |

The Deputy Secretary of Industry and Trade said he would coordinate with US ministries and branches to discuss outstanding issues related to taxes and trade relations between the two countries.

Carefully prepare plans and strategies for trade negotiations with the US

PHẠM ĐÔNG |

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