• Mon. May 27th, 2024

Vietnamese Foreign Minister Urges US to Recognize Vietnam as Market Economy for Enhanced Economic Ties

BySamantha Jones

Mar 27, 2024
FM Son Says Vietnam Awaits US Recognition of ‘Market Economy’ Status

During a discussion at the Brookings Institution think tank in Washington, Vietnamese Foreign Minister Bui Thanh Son expressed hope that the United States will soon recognize Vietnam as a market economy. Currently, the U.S. classifies Vietnam as a ‘non-market economy’ in import injury cases, resulting in higher anti-dumping duties.

Son emphasized the importance of enhancing economic trade and investment cooperation between the two countries, especially after agreeing on a Comprehensive Strategic Partnership last year. In his remarks, he highlighted key areas for collaboration, including improving supply chain resilience, enhancing infrastructure connectivity, developing the digital economy, promoting energy and green economy initiatives, and strengthening logistics. These areas are seen as vital for fostering closer economic ties and mutual benefit between the United States and Vietnam.

The Vietnamese Foreign Minister’s comments underscored Vietnam’s commitment to enhancing economic cooperation with the United States and exploring opportunities for further collaboration in various sectors. Son emphasized that both countries need to work together to advance their economic relationship and achieve common goals that benefit both nations.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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