• Sun. May 26th, 2024

Vietnamese Foreign Minister Urges US Recognition of Market Economy for Strengthened Economic Cooperation

BySamantha Nguyen

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

In 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. 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.

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 foster closer ties for mutual benefit.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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