Vietnam will persistently discuss with the United States to resolve tax issues

The Ministry of Finance said the Government will send a Government leader and a working delegation to the US, including the content of directly resolving tax issues.

Ministry of Finance press conference, first quarter of 2025.

On the afternoon of April 3, in Hanoi, the Ministry of Finance held a regular press conference for the first quarter of 2025. Deputy Minister of Finance Nguyen Duc Chi chaired the press conference.

At the press conference, the issue US imposes tax The 46% reciprocal tax on some goods imported from Vietnam to the United States has received a lot of attention from the press.

Responding to this issue, Mr. Truong Ba Tuan, Deputy Director of the Department of Management and Supervision of Tax, Fee and Charge Policies, said: This is a much higher tax rate than the current tax rate for Vietnamese goods exported to the United States.

This will significantly affect many manufacturing industries in Vietnam, especially industries and groups of industries with a large proportion of export turnover to the United States such as: electronic equipment components, forestry, textiles, and footwear.

Most US goods exported to Vietnam are subject to import tariffs of 15% or lower. This means that our tariff level is much lower than the US tariff applied to Vietnam. We are also investigating why the US imposes such tariffs on Vietnam, in order to advise the Government on appropriate solutions.

“Vietnam will persevere in discussions with its US trade partner to find solutions, aiming at trade balance, increasing turnover without increasing taxes so that consumers of both countries can benefit from the development of trade between the two countries. This weekend, the Government will send a Government leader and a working delegation to the US, including the content of directly resolving the tax issue. Hopefully, with the information exchanged, the US side will listen and take appropriate steps,” Mr. Nguyen Duc Chi, Deputy Minister of Finance emphasized.

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