Tightly control the origin of goods, do not avoid tariffs

The Government has just issued Resolution No. 77/NQ-CP on the regular Government meeting in March 2025 and the Online Conference of the Government with localities.

In the resolution, the Government requested ministries, agencies and localities to direct functional forces to strictly control the origin of goods to minimize the impact of unhealthy foreign investment, avoiding tariffs that may affect our country's exports.

Strengthen the effectiveness of market management, fight against smuggling, trade fraud, and counterfeit goods; strictly implement legal regulations on intellectual property and copyright.

The Ministry of Industry and Trade shall preside over and coordinate with agencies and localities to promote trade, effectively exploit signed free trade agreements (FTAs), promptly end negotiations and launch negotiations, sign new FTAs with potential markets such as the Middle East, Africa, Latin America, Central Asia, Eastern Europe, India, Brazil, etc.

Actively exchanging with US agencies to promote bilateral trade agreement negotiations, ensuring harmony, reasonableness, and benefits to both sides.

Urgently deploy flexible and effective solutions to adapt both in the short term and in the long term to the new US tariff policy. Strengthen information exchange, propose effective and substantial cooperation directions in the coming time in line with the efforts and comprehensive strategic partnership between Vietnam and the US and for the benefit of the people and businesses of the two countries.

The Ministry of Finance shall preside over and coordinate with agencies and localities to urgently review and accurately assess the impact of the US counterpart tax policy on Vietnam.

Research and propose to competent authorities before April 15, 2025 a plan to support businesses and workers in industries and fields affected by US tariff policies.

Urgently complete the Resolution on breakthrough development mechanisms and policies for the private economic sector, the draft Resolution dossier of the National Assembly on the development of international and regional financial centers in Vietnam, report to competent authorities before April 15, 2025 and submit to the National Assembly for consideration and approval at the 9th Session.

The State Bank of Vietnam shall preside over and coordinate with agencies and localities to closely monitor the international and regional situation, changes and adjustments to policies of major economies to operate proactive, flexible, timely and effective monetary policies.

Operate exchange rates in accordance with market conditions, ready to intervene when necessary to stabilize the foreign exchange market. Continue to direct credit institutions to more drastically and effectively implement solutions to strive to reduce lending interest rates, creating conditions for people and businesses to access loans at reasonable costs and cheap capital prices.

Directing credit to production and business sectors, priority sectors, growth drivers; promoting short-term lending to support businesses affected by US tariff policies.

Research and develop a preferential credit package for people under 35 years old to buy a house, a preferential credit package of about VND500,000 billion for businesses investing in infrastructure and long-term digital technology, report to the Prime Minister in April 2025.

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