Vietnam’s General Statistics Office reported on Sunday that the country’s gross domestic product increased 6.93 % year over year in the first quarter, down slightly from the 7.55 percent increase in the last quarter of last year.
Chinh said a goal of “at least 8 %” growth this year is still in place despite the difficulties presented by US charges, according to the government’s standard news site.
The Ministry of Finance in Vietnam has determined that the country’s economy will need to grow between 8.2 % and 8.4 % in the next two years to reach its goal.
Trump and To Lam met on Friday to talk about a tariff-reduction package. Following a telephone call, both officials said that Trump had described them as “very productive.”
Chinh said Vietnam may survey its economic policy, exchange rate, non-tariff obstacles, and ensuring the proper source of products in its statement on Monday.
US defense exports to Vietnam have mostly been restricted to navy ships and coach plane since an arms embargo was lifted in 2016. According to sources, income of Lockheed Martin C-130 Hercules military transport aircraft to Hanoi were discussed next year.