According to reports by the Vietnam News Agency, on May 5th local time, Vietnamese Prime Minister Pham Minh Chinh stated at the opening ceremony of the ninth session of the 15th National Assembly of Vietnam that despite the complex and changing world situation, especially under the influence of the US "reciprocal tariff," Vietnam's economy maintained stability in the first quarter of 2025 and achieved an economic growth rate of 6.93%. Prime Minister Pham Minh Chinh also mentioned that Vietnam will hold the first round of bilateral trade negotiations with the United States on May 7th. Prime Minister Pham Minh Chinh said that since the beginning of this year, the world situation has been highly complex and unpredictable. In particular, the US suddenly announced the imposition of extensive high tariffs, which have had a negative impact on global economic growth, seriously threatened supply chains, disrupted international trade and investment flows. Traditional and non-traditional security challenges are also becoming increasingly severe and difficult to address. [Image: https://p3-sign.toutiaoimg.com/tos-cn-i-axegupay5k/ffe885cce60346258069cd9f9d8da366~tplv-tt-origin-web:gif.jpeg?_iz=58558&from=article.pc_detail&lk3s=953192f4&x-expires=1747107096&x-signature=B2O2w1KoLi6SJPuEAig2C%2FbAZUU%3D] On May 5th, Vietnamese Prime Minister Pham Minh Chinh delivered a socio-economic report, Vietnam News Agency. In this context, Vietnamese Prime Minister Pham Minh Chinh emphasized: "In response to the US announcement of new tariff policies, we remain calm, resolute, proactive, and implement many timely, flexible, and appropriate measures synchronously, achieving preliminary positive results." Prime Minister Pham Minh Chinh stated that even under severe circumstances, Vietnam's economy still achieved remarkable achievements. It is expected that Vietnam's GDP growth rate for the first quarter of this year will reach 6.93%, the highest level compared to the same period during 2020-2025, with several regions achieving double-digit GDP growth. In 2024, Vietnam's economy rebounded strongly, with a GDP growth rate reaching 7.09%. Prime Minister Pham Minh Chinh stated that Vietnam's goal for 2025 is to achieve an 8% GDP growth or higher. Prime Minister Pham Minh Chinh pointed out that this year, Vietnam faces "more challenges than opportunities." Previously, on April 1st, former US President Donald Trump officially announced a 10% tariff policy for all countries and imposed a reciprocal tariff of up to 46% on Vietnam. Although this tariff has been temporarily postponed until early July for implementation, once it takes effect, it will deal a significant blow to Vietnam's export-dependent economy. According to introductions, Vietnam's trade surplus with the US last year exceeded 123 billion US dollars (approximately 890.1 billion RMB). Prime Minister Pham Minh Chinh stated that Vietnam is one of the six countries agreed by the US to negotiate, and Vietnam has already established a negotiation delegation led by Minister of Industry and Trade Nguyen Hong Thang, planning to hold the first round of bilateral trade negotiations with the US on May 7th. Prime Minister Pham Minh Chinh stated that Vietnam is prepared to reduce all tariffs on imports from the US to zero, while urging the US side to take the same approach towards Vietnamese products. He emphasized the need to closely monitor both international and domestic situations, proactively predict and make flexible and timely policy responses, especially regarding the US's new tariff policies. When proposing government solutions, Prime Minister Pham Minh Chinh emphasized the need to proactively improve the plan, negotiate effectively with the US based on the spirit of safeguarding Vietnam's legitimate rights and interests, promote balanced and sustainable trade, and not affect international agreements that Vietnam has joined. This article is an exclusive contribution from Guancha Observer, unauthorized reproduction is prohibited. Original source: https://www.toutiao.com/article/7501158352547594789/ Disclaimer: The views expressed in this article are solely those of the author. Please express your opinions by voting "thumbs up" or "thumbs down" below.