Chairing a cabinet meeting on Sunday morning (April 6), Prime Minister Pham Minh Chinh stated that Vietnam will not change the GDP growth target of at least 8 percent for 2025.

Vietnam’s GDP grew by 6.93% in the first quarter of this year, the highest growth rate in the first quarter since 2020, according to data from the National Statistics Office under the Ministry of Finance.

The Government News quoted the Prime Minister as saying at the cabinet meeting that

 Regarding the U.S. Administration's announcement to impose a 46% reciprocal tariff on imports from Vietnam, the Prime Minister said, as quoted by the Government News, Vietnam highly respects and resolves the issues concerned by the U.S., and negotiates with the U.S. on the basis of the high-level agreement reached by General Secretary To Lam and President Donald Trump during their phone conversation on April 4.

PM Chinh tasked Deputy Prime Minister Ho Duc Phoc and relevant agencies to develop concrete negotiation plans.

He also urged the Ministry of Finance, the Ministry of Industry and Trade, and relevant ministries, agencies and localities to focus on removing bottlenecks against and create favorable conditions for foreign investors, including those from the U.S. to do business in Vietnam.