FM Son: Vietnam optimistic about US recognizing its ‘market economy’ status

Exploring New Economic Opportunities: Vietnamese Foreign Minister’s Visit to Washington Emphasizes Importance of Trade and Cooperation

During his visit to Washington, Vietnamese Foreign Minister Bui Thanh Son emphasized the importance of economic cooperation and trade between the two countries. Currently, Vietnam is categorized as a non-market economy by the United States in import injury cases, leading to higher anti-dumping duties. However, Son expressed hope that the U.S. would soon recognize Vietnam as a market economy, which would pave the way for deeper economic ties and mutual growth and development.

Son highlighted several key areas for cooperation, including supply chain resilience, infrastructure connectivity, digital economy, energy, green economy, and logistics. By focusing on these areas, the United States and Vietnam can strengthen their economic ties and foster mutual growth and development.

The recognition of Vietnam as a market economy by the United States would be a significant step towards deeper economic cooperation and mutual benefit. Son’s visit to Washington aimed to further enhance the relationship between the two countries and explore new opportunities for collaboration in various sectors. Overall, this partnership has enormous potential to benefit both countries economically and politically in the long term.

Leave a Reply

Peter Wilson promoted to Bank Officer and Small Business Portfolio Manager at Centier Bank Previous post Centier Bank Promotes Peter Wilson to Small Business Portfolio Manager: Bringing Responsibility and Guidance to Clients
Biden aims to differentiate his health care policies from Trump’s in North Carolina Next post President Biden’s North Carolina Visit Highlights His Critique of Republican Health Care Agenda and Emphasis on Defending Access to Healthcare for All