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

During his visit to Washington, Vietnamese Foreign Minister Bui Thanh Son expressed hope that the United States would soon recognize Vietnam as a market economy. Currently, the U.S. categorizes Vietnam as a ‘non-market economy’ in import injury cases, leading to higher anti-dumping duties. However, Son emphasized that economic cooperation between the two countries is crucial following their agreement of a Comprehensive Strategic Partnership last year.

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.

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

By Samantha Johnson

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