Deputy PM Bui Thanh Son urges diplomatic measures conducive to US trade policy adjustment: Deputy Prime Minister Bui Thanh Son. ( Photo: VGP)

Chairing an April 8 meeting of the Government task force on strengthening cooperation and adapting to US economic and trade policy shifts, Son, who is also its head, assigned specific responsibilities to various ministries.

The Ministry of Finance was instructed to continue reviewing and refining plans for import tariff reductions, while enhancing customs information exchanges with the US on trade defence and tax evasion matters. Meanwhile, the Ministry of Industry and Trade was tasked with closely monitoring and verifying the origin of exported goods to prevent unexpected cases.

Deputy PM Bui Thanh Son urges diplomatic measures conducive to US trade policy adjustments: Overview of the meeting. (Photo: VGP)

Regarding intellectual property rights, the Deputy Prime Minister urged the Ministry of Science and Technology to review legal regulations and address related concerns from the US. The Ministry of Finance was also assigned to collaborate with other ministries in building a bilateral trade agreement upgrade with the US, incorporating provisions on taxation and intellectual property.

Furthermore, Deputy Prime Minister Son instructed the Ministry of Finance to devise a comprehensive support plan for businesses. The Ministry of Industry and Trade was directed to promote awareness of the 17 free trade agreements Vietnam has signed, boost trade promotion efforts in new markets, and assist businesses in adapting, while ensuring timely updates on export market policies.