FM Son: Vietnam optimistic about US recognizing its ‘market economy’ status

In his remarks in Washington, Vietnamese Foreign Minister Bui Thanh Son expressed hope that the United States would soon recognize Vietnam as a market economy. Currently, the U.S. categorizes Vietnam as a ‘non-market economy’ in import injury cases, leading to higher anti-dumping duties. Son emphasized the importance of boosting economic trade and investment cooperation between the two countries, following the agreement of a Comprehensive Strategic Partnership last year.

During his visit to Washington, Vietnamese Foreign Minister Bui Thanh Son highlighted several key areas for cooperation, including supply chain resilience, infrastructure connectivity, digital economy, energy, green economy, and logistics. By focusing on these areas, the United States and Vietnam can strengthen their economic ties and foster mutual growth and development.

Son’s visit to Washington aimed to further enhance the relationship between the two countries and explore new opportunities for collaboration in various sectors. The recognition of Vietnam as a market economy by the United States would be a significant step towards deeper economic cooperation and mutual benefit.

The foreign minister emphasized that economic cooperation should be at the heart of any partnership between two countries. He pointed out that Vietnam has made significant progress in developing its economy over the past few years and is now one of Asia’s fastest-growing economies.

Son also highlighted several challenges facing both countries in terms of economic development. He urged both sides to work together to address these challenges and promote sustainable growth that benefits everyone involved.

Overall, Son’s visit to Washington was an important opportunity for both countries to strengthen their relationship and explore new opportunities for collaboration. By working together on issues such as supply chain resilience, infrastructure connectivity, digital economy, energy, green economy, and logistics, the United States and Vietnam can build stronger economic ties that benefit both nations.

By Sophia Gonzalez

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