• Sun. Jun 23rd, 2024

Vietnam Foreign Minister Hopes for Economic Recognition from US amid Growing Cooperation

BySamantha Johnson

Mar 27, 2024
Vietnam’s Foreign Minister Son expresses hope for US recognition of ‘market economy’ status

Vietnamese Foreign Minister Bui Thanh Son recently expressed hope that the United States will soon recognize Vietnam as a market economy. Currently, the U.S. categorizes Vietnam as a ‘non-market economy’ in import injury cases, which can result in higher anti-dumping duties. By enhancing economic trade and investment cooperation between the two countries following the agreement of a Comprehensive Strategic Partnership last year, Son emphasized the importance of this recognition.

In remarks at the Brookings Institution think tank, 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 that fostering closer economic relations between the two countries is crucial to unlocking new opportunities for trade and investment. By working together on key priorities such as supply chain resilience and infrastructure connectivity, the United States and Vietnam can expand their cooperation and realize their full potential as strategic partners in Asia-Pacific region.

By Samantha Johnson

As a dedicated content writer at newsanguinely.com, I weave words into compelling stories that captivate and inform our readers. With a passion for storytelling and a keen eye for detail, I craft engaging articles that shed light on the latest news and trends. When I'm not typing away at my keyboard, you can find me exploring new ideas, researching diverse topics, and striving to deliver content that resonates with our audience. Join me on this journey as we uncover the stories that matter most.

Leave a Reply