Vietnam’s Market Economy Emphasized in Call for Closer Cooperation with the US at Brookings Institution Speech

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

In a speech at the Brookings Institution in Washington, Vietnamese Foreign Minister Bui Thanh Son emphasized the importance of recognizing Vietnam as a market economy. Currently, the US categorizes Vietnam as a non-market economy, resulting in higher anti-dumping duties on imports from Vietnam. Son highlighted key areas for collaboration between the two countries, including supply chain resilience, infrastructure connectivity, digital economy, energy, green economy and logistics.

Son’s speech underscored the need for increased cooperation and collaboration between the two nations. By working together to develop key economic sectors such as infrastructure and technology, both countries can create a more resilient and prosperous economic partnership. The establishment of a Comprehensive Strategic Partnership last year has laid the foundation for this closer relationship, and further efforts are needed to strengthen it.

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