Tue. Jun 25th, 2024
Vietnam’s Foreign Minister Son expresses hope for US recognition of ‘market economy’ status

In a speech at the Brookings Institution, Vietnamese Foreign Minister Bui Thanh Son emphasized the importance of enhancing economic trade and investment cooperation with the United States. Following the agreement of a Comprehensive Strategic Partnership last year, Son expressed hope that the U.S. will soon recognize Vietnam as a market economy, which would result in fewer anti-dumping duties.

During remarks in Washington, Son highlighted key areas for collaboration including supply chain resilience, infrastructure connectivity, digital economy, energy, green economy, and logistics. By focusing on these areas, both the United States and Vietnam can strengthen their economic ties and create opportunities for growth and development in the region.

Son underscored the importance of fostering closer economic relations between the two countries by working together on key priorities such as supply chain resilience and infrastructure connectivity. Recognizing Vietnam as a market economy would further facilitate economic collaboration and help both countries realize the full potential of their partnership.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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