At a recent working session with foreign direct investment (FDI) enterprises in the digital technology and industrial sectors, Deputy Minister of Science and Technology Bui Hoang Phuong affirmed the government's commitment to supporting businesses during this challenging period.

On the morning of April 10, Deputy Minister Phuong chaired a meeting between the Ministry of Science and Technology (MoST) and FDI enterprises operating in industry and digital technology.

He provided an overview of Vietnam’s policy direction following the U.S. imposition of reciprocal tariffs on over 180 countries, including Vietnam.

Deputy Minister Phuong emphasized that the U.S. tariff policy is comprehensive in nature and not aimed at any specific country.

He also referenced the April 4 phone call between General Secretary To Lam and U.S. President Donald Trump, during which both leaders acknowledged the growing strength of bilateral relations across multiple sectors.

Representatives from companies such as Samsung, Amkor, Quantar, and BYD attended the meeting and shared their concerns and proposals with MoST and the Vietnamese government regarding the impact of the new U.S. tariffs on Vietnamese exports.

Given the significant share of exports directed to the U.S. market, FDI firms acknowledged that they are not immune to the effects of President Trump's tariff measures.

However, they are closely monitoring policy developments from all sides and expressed optimism about the outcomes of Vietnam’s ongoing trade negotiations with the U.S.

Deputy Minister Phuong acknowledged these concerns and reaffirmed that the Vietnamese government and MoST stand firmly with FDI enterprises, ready to support them through current difficulties.

The ministry is committed to listening and incorporating feedback to offer practical, problem-solving solutions.

The longstanding relationship between Vietnam and FDI enterprises has withstood many economic and social fluctuations, leading to shared growth and development. “Vietnam is a nation that values loyalty and responsibility,” Deputy Minister Phuong stressed.

He assigned the Department of Industrial and Information Technology to act as the focal point for receiving business feedback and coordinating with other ministries to present proposals to the government. MoST is ready to continue working with all enterprises facing challenges or obstacles.

On April 9 (local time), Deputy Prime Minister Ho Duc Phoc - serving as Special Envoy of General Secretary To Lam - met with U.S. Trade Representative Jamieson Greer to discuss bilateral economic and trade issues.

The Deputy Prime Minister reaffirmed Vietnam’s desire to implement the outcomes of the April 4 conversation between To Lam and President Trump, aiming to maintain a stable, sustainable economic partnership for the benefit of both nations.

Though the U.S. has temporarily postponed tariff enforcement, Vietnam has proposed prompt bilateral negotiations on a long-term trade agreement to foster stability and mutual benefit, aligned with the comprehensive strategic partnership between the two countries.

U.S. Trade Representative Greer responded positively, agreeing to initiate negotiations for a reciprocal trade agreement - including tariff terms - and called for immediate technical-level discussions between both sides.

Du Lam