Tue. Jun 25th, 2024
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 expressed his hope for the United States to recognize Vietnam as a market economy during a speech in Washington. Currently, the U.S. categorizes 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 following the establishment of a Comprehensive Strategic Partnership in the previous year. During his speech at the Brookings Institution think tank in Washington, he highlighted key areas for collaboration, including focusing on supply chain resilience, infrastructure connectivity, the digital economy, energy, green economy, and logistics.

By emphasizing these areas, both the United States and Vietnam can work towards strengthening their economic ties and promoting mutual growth and development. 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. By focusing on key areas such as infrastructure and technology, both countries can work together to create a more resilient and prosperous economic 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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