Enhancing Economic Cooperation between Vietnam and the United States: Building a Stronger Partnership through Supply Chain Resilience, Infrastructure Connectivity, and More

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

During a speech in Washington, Vietnamese Foreign Minister Bui Thanh Son expressed optimism that the United States would soon classify 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. Son stressed the importance of enhancing economic cooperation between the two countries following their agreement of a Comprehensive Strategic Partnership last year.

Speaking 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’s remarks emphasized the need for closer economic relations between the two countries. By working together on key priorities such as supply chain resilience and infrastructure connectivity, the United States and Vietnam can expand their cooperation and unlock new opportunities for trade and investment. Recognizing Vietnam as a market economy would further facilitate economic collaboration and help both countries realize the full potential of their partnership.

In conclusion, fostering closer economic relations between Vietnam and the United States is crucial to unlocking new opportunities for trade and investment in the region. By focusing on key areas such as supply chain resilience and infrastructure connectivity, both countries can work together to create a more prosperous future for themselves and their people.

During a speech in Washington, Vietnamese Foreign Minister Bui Thanh Son expressed optimism that the United States would soon classify 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. Son stressed the importance of enhancing economic cooperation between the…

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