HÀ NỘI — Amid intensifying trade competition and shifts in tariff policies, Prime Minister Phạm Minh Chính has directed ministries, agencies and local departments to develop comprehensive strategies aimed at achieving a trade balance with key partners.The Prime Minister emphasised leveraging existing free trade agreements (FTAs), negotiating new deals to diversify markets and supply chains, and reviewing tax policies – particularly with major trade partners – to ensure mutual benefits.Additionally, to achieve a GDP growth rate of 8 per cent or more in 2025, and lay the groundwork for double-digit expansion in the following years, the Government is focusing on revitalising traditional growth drivers such as investment, exports and consumption while fostering new economic engines.To move toward trade balance, Việt Nam plans to purchase more US products, including aircraft, semiconductor chips and liquefied natural gas (LNG). Additionally, domestic enterprises are encouraged to adopt high-quality US goods and services.In the energy sector, as Việt Nam pushes for investment in renewable electricity, businesses are being urged to consider US technology for ongoing and future projects.With a trade volume nearing $800 billion, Việt Nam ranks 23rd in global exports and 22nd in imports, maintaining an average annual growth rate of over 13 per cent since 2007.Despite global challenges, Việt Nam's total export turnover in 2024 maintained positive growth, reaching US$405.53 billion, a 14.3 per cent increase from the previous year. Imports also rose 16.7 per cent year-on-year, totalling $380.76 billion. — BIZHUB/VNS (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News