Enhancing Economic Cooperation: Vietnamese Foreign Minister Bui Thanh Son Highlights Key Areas for Collaboration with the US

FM Son from Vietnam expresses hope for US to recognize ‘market economy’ status soon | WTAQ News Talk | 97.5 FM · 1360 AM

During a speech at the Brookings Institution think tank in Washington, Vietnamese Foreign Minister Bui Thanh Son emphasized the importance of enhancing economic trade and investment cooperation between Vietnam and the United States. Currently, the U.S. categorizes Vietnam as a ‘non-market economy’ in import injury cases, resulting in higher anti-dumping duties. Son 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 countries can work towards strengthening their economic ties and promoting mutual growth and development.

In his speech, Son underscored the need for increased cooperation and collaboration between Vietnam and the United States. With a focus on developing key economic sectors such as infrastructure and technology, both countries can benefit from closer ties and partnerships in the future. The Comprehensive Strategic Partnership established last year serves as a foundation for this cooperation to continue growing stronger.

Son expressed his hope that the United States would recognize Vietnam as a market economy in order to promote mutually beneficial trade relationships. By working together on key areas such as infrastructure connectivity and green technology, both countries can create a more sustainable and prosperous economic future for themselves and their citizens.

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