Vietnamese Foreign Minister Calls for Recognition of Market Economy to Boost Economic Cooperation with US

FM Son from Vietnam expresses hope for US to recognize ‘market economy’ status soon | WTAQ News Talk | 97.5 FM · 1360 AM

Vietnamese Foreign Minister Bui Thanh Son delivered a speech in Washington, expressing his hope for the United States to recognize Vietnam as a market economy. Currently, the U.S. categorizes Vietnam as a ‘non-market economy’ in import injury cases, which results in higher anti-dumping duties.

In his speech, Son emphasized the importance of enhancing economic trade and investment cooperation between the two countries following the establishment of a Comprehensive Strategic Partnership in the previous year. By focusing on key areas such as infrastructure connectivity, digital economy, energy, green economy, and logistics, both countries can work towards strengthening their economic ties and promoting mutual growth and development.

Son highlighted key areas for collaboration at a Brookings Institution think tank in Washington. He addressed the need for increased cooperation and collaboration between the two nations with a focus on developing key economic sectors. By doing so, both countries can benefit from closer ties and partnerships in the future.

In conclusion, Son’s remarks underscored the importance of recognizing Vietnam as a market economy and working towards building a more robust economic relationship with the United States. Both countries have significant potential to create an economically resilient partnership by focusing on infrastructure and technology development.

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