Vietnam prepares to work with the US to promote the signing of a reciprocal tax agreement

PHẠM ĐÔNG |

The Vietnamese delegation will prepare contents to exchange and work with the US side to promote the signing of a balanced and fair reciprocal tax agreement.

On March 17, the Government Office said that Prime Minister Pham Minh Chinh had just signed Official Dispatch No. 23/CD-TTg on a number of tasks and solutions to continue promoting exports in 2026.

In the telegram, the Prime Minister requested ministries, agencies, and localities, within their authority, to consistently implement the goal of maintaining macroeconomic stability, controlling inflation, promoting growth, ensuring major balances of the economy; promptly remove difficulties and obstacles of enterprises in import and export activities, in order to diversify markets, diversify products, and diversify supply chains.

Strengthen investment attraction, promote production and business, goods circulation; review and strongly promote production and export projects.

According to the assigned functions and tasks, proactively prepare contents to exchange and work with the US side to promote the signing of a balanced and fair reciprocal tax agreement.

The Ministry of Industry and Trade shall implement solutions to ensure gasoline and oil supply for production and consumption as directed; absolutely not to let supply break down or shortage, ensuring sufficient gasoline and oil supply for production, business and consumption of people and businesses.

Direct the foreign trade office system to strengthen support for Vietnamese businesses, provide information on the political security situation of the Middle East region and the flow of goods through the Hormuz Strait so that businesses can proactively plan production and delivery; promote the application of digital platforms for market development to support market information, trade promotion, product and brand promotion.

Proactively work and exchange with relevant agencies of the US and other countries to ensure the legitimate and lawful rights of Vietnamese export businesses.

The Ministry of Finance closely monitors the market situation, closely coordinates with the Ministry of Industry and Trade in managing gasoline and oil prices, setting up, managing and using the Gasoline and Oil Price Stabilization Fund according to current legal regulations. Review and develop export and import tax rates in accordance with the international and regional integration roadmap to create conditions to promote exports and develop domestic production.

Directing customs forces to coordinate with relevant units to promote the management and control of goods quality in the process of customs procedures, preventing goods violating intellectual property rights, origin fraud...

The State Bank of Vietnam presides over and coordinates with relevant agencies to manage the exchange rate flexibly, harmoniously, and reasonably balanced with interest rates, stabilizing the monetary market.

Research, develop, and connect the monetary and banking sectors based on compliance with commitments and international law, contributing to supporting trade and investment with partner countries, stabilizing and limiting risks arising in the cooperation process.

Direct credit institutions to implement solutions to strengthen access to credit capital for businesses and people according to regulations to support and promote production, import and export of goods.

People's Committees of localities with agricultural products exported across borders regularly update information and situations from border provinces to advise farmers, production facilities, and processing and exporting enterprises of agricultural products and fresh fruits in the area to proactively plan production, packaging, delivery, and export of goods, avoiding congestion and other adverse impacts.

PHẠM ĐÔNG
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