• Mon. May 20th, 2024

Vietnamese Foreign Minister Bui Thanh Son Urges US to Recognize Vietnam as Market Economy for Closer Economic Ties

BySamantha Jones

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

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

During a discussion at the Brookings Institution think tank in Washington, 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. The Vietnamese Foreign Minister highlighted key areas for collaboration, including focusing on 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.

Son underscored Vietnam’s commitment to enhancing economic cooperation with the United States and exploring opportunities for further collaboration in various sectors. The Vietnamese Foreign Minister emphasized that both countries must work together to advance their economic relationship and take advantage of existing opportunities to promote growth and prosperity for both nations.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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