Chairing a meeting on April 5 to seek immediate and long-term measures after the U.S. Administration announced reciprocal tariffs on imports into the U.S., Prime Minister Pham Minh Chinh called for more initiatives to promote trade relations between Vietnam and the U.S. in a balanced and sustainable manner, for the benefits of the people of the two countries, according to a report from the Government News.

He tasked the Ministry of Finance to immediately review and amend tariff lines in accordance with the agreement reached between General Secretary To Lam and President Donald Trump during their phone conversation on April 4.

The Ministry of Industry and Trade was tasked to promote negotiations to upgrade the Vietnam-U.S. Bilateral Trade Agreement and coordinate with the Ministry of Foreign Affairs to continue working with the U.S. side to urge the U.S. to cancel the imposition of 46 per cent reciprocal tariff on imports from Vietnam.

In the long run, the Government chief called for promoting the restructuring of the economy towards fast and sustainable fashion and diversifying products and markets, including such potential markets like the Middle East and Central Asia.

He also called for solutions to assist businesses and people during this hard time.

The PM said that the Vietnam–US relationship is a special one and serves as a model in international relations. From former enemies, they have become each other's leading partners, with economic and trade cooperation being a key pillar that has brought mutual benefits to both nations and their people. The two economies are complementary rather than directly competitive.