May 24, 2024 1:29 am
FM Son: Vietnam optimistic about US recognizing its ‘market economy’ status

Vietnamese Foreign Minister Bui Thanh Son recently traveled to Washington and expressed his hope that the United States would soon recognize Vietnam as a market economy. Currently, Vietnam is categorized as a ‘non-market economy’ in import injury cases, which results in higher anti-dumping duties.

During his remarks, Son emphasized the importance of economic trade and investment cooperation between the two countries. The Comprehensive Strategic Partnership agreement that was reached last year highlights this need for stronger ties.

Son pointed out several key areas where the US and Vietnam can collaborate, including supply chain resilience, infrastructure connectivity, digital economy, energy, green economy, and logistics. By focusing on these areas, both countries can strengthen their economic ties and promote mutual growth and development.

The recognition of Vietnam as a market economy by the United States would be an essential step towards deeper economic cooperation and mutual benefit. Son’s visit to Washington aimed to enhance the relationship between the two countries and explore new opportunities for collaboration in various sectors.

In summary, Son’s visit to Washington reaffirmed the need for closer economic ties between the United States and Vietnam. By working together on key areas of cooperation, both countries can foster mutual growth and development while promoting global prosperity.

Leave a Reply