Vietnam maintains 8% growth goal amid US tariff challenge
The announcement came during an emergency cabinet meeting,
which included Trade Minister
The U.S. tariffs, among the highest on any of the targeted 180 economies, "did not reflect the strong bilateral relations between the two nations", state broadcaster Vietnam Television reported, citing Chinh.
In a government statement released after the meeting, the
prime minister urged the U.S. to implement policies that align
with
"This is an opportunity to restructure the economy towards swift yet sustainable development... to expand markets, diversify product markets and supply chains, and boost localisation," Chinh was quoted in the government statement.
The statement reiterated that the "GDP growth target of 8% or more in 2025 remains unchanged."
The U.S. is
"It's a shock for the global economy, and for the Vietnamese
economy," said
Following the announcement from the
In a bid to reduce its trade surplus with
At Thursday's meeting, Chinh ordered the immediate formation
of a task force to manage the situation and said he planned to
hold discussions with major export firms.
(Reporting by
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