In an effort to counteract the economic blow from U.S. tariffs, Vietnam's Prime Minister has announced plans to secure new trade agreements this year. The tariffs, posed by its largest trade partner, threaten to significantly slash the country's exports.

The United Nations Development Programme highlighted that these U.S. duties could cut Vietnam's exports to the U.S. by up to one-fifth, marking the country as the hardest hit in Southeast Asia. Prime Minister Pham Minh Chinh articulated the challenges posed by the U.S.'s 'reciprocal' tariffs and international strategic competition.

Despite the hurdles, Pham Minh Chinh remains optimistic about a 12% growth in exports. As part of his strategy, Vietnam aims to establish free trade agreements with the Mercosur trading bloc and the Gulf Coope

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