Vietnam regrets US's decision to impose 46% tariffs

"Vietnam regrets the U.S.'s decision to impose retaliatory tariffs on Vietnamese exports to the U.S.," said Ministry of Foreign Affairs spokesperson Pham Thu Hang on Friday in response to reporters' questions about Vietnam's reaction to the U.S. plans to apply retaliatory tariffs to numerous economies.

"We believe this decision is inconsistent with the reality of mutually beneficial economic and trade cooperation between the two countries. It does not accurately reflect the spirit of the Comprehensive Strategic Partnership for peace, stability, cooperation, and development. If implemented, it will negatively impact bilateral economic and trade relations and harm the interests of both the people and businesses of the two countries," she added.

Vietnam has recently engaged in active exchanges and discussions with the U.S. on specific measures aimed at resolving obstacles, promoting bilateral economic and trade cooperation, and pursuing fair, sustainable trade that aligns with the interests of both sides.

"Vietnam will continue to work with the U.S. in a constructive and cooperative spirit to find practical solutions, contributing to the stable and sustainable development of bilateral economic relations, and meeting the interests of the people and businesses in both countries," the Ministry of Foreign Affairs spokesperson said.

U.S. President Donald Trump announced import tariff rates for over 180 trading partners on Thursday (Hanoi time). Approximately half of these economies will face a general tariff rate of 10%, effective April 5. Major U.S. trading partners will face higher rates, up to 50%, starting April 9.

Vietnam is subject to a 46% tariff, placing it among the group of countries facing the highest tariffs, along with China, Cambodia, Indonesia, and Myanmar.

Prime Minister Pham Minh Chinh chaired a meeting with ministries and agencies on Thursday morning to address the issue. The government leader ordered the immediate establishment of a rapid response team, led by Deputy Prime Minister Bui Thanh Son. He assigned Deputy Prime Minister Ho Duc Phoc to direct relevant ministries and agencies and to gather feedback from businesses, particularly major exporters.