Prime Minister Pham Minh Chinh required relevant ministries, agencies and localities to boost international cooperation, particularly in economic, trade and investment, to contribute to fulfilling the growth target at least of 8% in 2025.

While chairing a Government meeting in Hanoi on March 8 to assess the regional and global economic situations, address challenges and obstacles, and set out tasks and solutions,  the  PM  stressed the need to further strengthen economic, trade, and investment cooperation with other countries, particularly major partners such as China, the US, Europe, Japan, and the Republic of Korea.

It is also necessary to effectively take advantage of the free trade agreements to which Vietnam is a signatory, while promoting negotiations and signing of new ones and investment protection agreements to diversify markets and supply chains, the PM noted.

He also requested the review of tax policies for possible amendment if necessary and foster international cooperation in all areas, especially high technology, innovation, digital transformation and other emerging fronts.

The PM tasked ministries, agencies and localities to create favorable conditions for foreign investors to expand supply chain in Vietnam and help the country to further engage in the supply chain of foreign enterprises.