Establish a working group to adapt to US economic policies, report to the Prime Minister weekly

The working group is headed by Deputy Prime Minister Bui Thanh Son and Deputy Head is the Minister of Industry and Trade.

Other members include the Minister of Finance; Governor of the State Bank and leaders of the Ministries, agencies of Foreign Affairs, National Defense, Public Security, Agriculture and Environment, Science and Technology, Construction, Health, Culture, Sports and Tourism, and the Government Office.

Deputy Prime Minister Bui Thanh Son is the head of the working group on enhancing cooperation and proactively adapting to adjustments in US economic and trade policies. (Photo: VGP)

The working group is tasked with helping the Prime Minister closely monitor developments in the world and region, especially adjustments to US economic and trade policies, to proactively advise, propose and recommend measures to flexibly, promptly, appropriately and effectively adapt to the world and regional situation and to future US policy adjustments.

From there, overcome challenges, seize opportunities, continue to maintain a peaceful and stable environment, a favorable foreign situation, and maximize external resources for national growth and development.

The Ministry of Industry and Trade is the standing agency of the working group, responsible for presiding over and coordinating with the Ministry of Finance, the Ministry of Foreign Affairs and relevant agencies and using the existing apparatus to organize the implementation of assigned tasks.

The Ministry of Foreign Affairs is responsible for directing Vietnamese representative agencies abroad to regularly monitor the situation, update, exchange information, make proposals and recommendations, and promptly synthesize and report on relevant issues.

Relevant ministries and agencies are members of the working group, according to their functions and tasks, regularly review and promptly provide information, proposals and recommendations to the Ministry of Industry and Trade and the Ministry of Foreign Affairs for synthesis and reporting.

Every third week or upon request of the team leader, the standing body of the working group will synthesize and report to the Prime Minister on the implementation of assigned tasks.

On April 2, 2025 (local time), US President Donald Trump issued a decree on reciprocal taxes applied to goods exported to the US from countries around the world. In particular, President Donald Trump announced a 46% tax on Vietnamese goods exported to the US.

Immediately after the US announced tariffs on Vietnamese goods, Prime Minister Pham Minh Chinh chaired a meeting of the Government Standing Committee with ministries and branches to find solutions to respond after the US announced tariffs on other countries, including Vietnam.

The Minister of Industry and Trade also sent a diplomatic note requesting the US side to temporarily postpone the decision to impose taxes.

Thanh Lam

Source: https://vtcnews.vn/lap-to-cong-tac-thich-ung-chinh-sach-kinh-te-cua-my-bao-cao-thu-tuong-hang-tuan-ar935677.html