Vietnamese Prime Minister Aims to Strengthen Financial Cooperation with US Following Diplomatic Advancements

Vietnam’s Prime Minister Pham Minh Chinh is actively pursuing stronger financial and technological connections with the United States following the current upgrade of diplomatic relations in between the two nations. Through his stop by to America, Chinh met with US Trade Representative Katherine Tai in Washington to go over the designation of Vietnam as a marketplace economy by the US. The Vietnamese government’s internet site stated Chinh’s wish for a prompt choice on this matter. The US responded by agreeing to swiftly think about the request, as confirmed in the course of President Joe Biden’s current stop by to Hanoi. Presently, Vietnam is classified as a “non-marketplace economy” by the US, which can pose challenges for Vietnamese exporters involved in anti-dumping investigations.