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Latin American media praises Vietnam’s response to US tariff policy

Latin American news agency Prensa Latina reported that various Vietnamese industry associations view the US as a crucial market, necessitating a comprehensive evaluation of the new tariff policy’s impact.

A screenshot of the Prensa Latina article on the Southeast Asian nation’s flexible approach to US tariffs.
A screenshot of the Prensa Latina article on the Southeast Asian nation’s flexible approach to US tariffs.

Havana (VNA) – Latin American news agency Prensa Latina has highlighted Vietnam’s approach in addressing the latest US tariff policy as flexible, intelligent, pragmatic, and creative.

In an article on the Southeast Asian nation’s flexible approach to US tariffs, the news agency mentioned Prime Minister Pham Minh Chinh’s directive during the April 7 Government meeting. It noted that the Vietnamese leader stressed the need to adopt the most effective solution that can balance the interests of both nations while safeguarding Vietnam’s independence, sovereignty, and global standing. He also affirmed that while exports remain a key driver of growth, they are not the sole economic pillar.

The article said Vietnam’s strategy prioritises dialogue and negotiation over confrontation, without causing tensions and further complicating the matter. The Vietnamese business community welcomed the Government’s swift response to mitigate the impact of the tariff decision, which has sent ripples through global markets. A series of mitigation measures have already been carried out by the Government and enterprises.

In a separate article published on April 9 regarding businesses’ assessment of Vietnam’s response, Prensa Latina quoted Nguyen Ngoc Hoa, Chairman of Ho Chi Minh City Union of Business Association, who underscored the importance of negotiations to secure the most favourable conditions.

The news agency further reported that various Vietnamese industry associations view the US as a crucial market, necessitating a comprehensive evaluation of the new tariff policy’s impact. The Vietnamese Government, ministries, and local authorities should devise sector-specific solutions. Simultaneously, businesses are urged to explore alternative export markets and strengthen domestic consumption, seizing this challenge as an opportunity to restructure and enhance Vietnam’s global trade position./.

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