Scholar analyzes why US should recognize Vietnam as market economy

Scholar analyzes why US should recognize Vietnam as market economy

The newly elevated relationship between Vietnam and the U.S. to a Comprehensive Strategic Partnership not only deepens the two countries’ diplomatic relations, but translates as an opportunity for Washington to upgrade Vietnam’s recognition as a market economy, said James Borton, a non-resident senior fellow at the Foreign Policy Institute at Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies.

Southeast Asia - Thu, March 14, 2024 | 9:13 am

No state intervention for preferential credit to SOEs: Vietnam finance ministry

No state intervention for preferential credit to SOEs: Vietnam finance ministry

The Vietnamese government does not interfere with the banking system to provide preferential loans to state-owned enterprises (SOEs), the Ministry of Finance has clarified.

Economy - Wed, February 7, 2024 | 10:20 pm

Non-market economy designation not a political decision: US Under Secretary of State Fernandez

Non-market economy designation not a political decision: US Under Secretary of State Fernandez

The recognition of Vietnam market economy status is a quasi-judicial proceeding and is not a political decision, said U.S. Under Secretary of State Jose W. Fernandez for economic growth, energy, and the environment.

Economy - Thu, February 1, 2024 | 11:23 am

Bernie Sanders, 7 other US senators warn against giving market economy status to Vietnam

Bernie Sanders, 7 other US senators warn against giving market economy status to Vietnam

Bernie Sanders and seven other U.S. senators have warned against granting the market economy status to Vietnam as they claimed Vietnam “does not meet the legal requirements established by Congress,” in a joint letter sent to U.S. Secretary of Commerce Gina Raimondo.

Economy - Wed, January 31, 2024 | 3:08 pm

U.S association appeals for maintenance of Vietnam's non-market economy status in antidumping cases

U.S association appeals for maintenance of Vietnam's non-market economy status in antidumping cases

The American Shrimp Processors Association (ASPA) has sent feedback to the U.S. Department of Commerce (DOC) urging the U.S. government to maintain Vietnam's status as a non-market economy in antidumping proceedings.

Economy - Sat, December 23, 2023 | 12:42 pm

Vietnam, Turkey look to upgrade ties, lift two-way trade to $4 bln

Vietnam, Turkey look to upgrade ties, lift two-way trade to $4 bln

Vietnam and Turkey should work on mechanisms to deepen bilateral ties, including studying the possibility of elevating them to a new height, given the wishes of both sides, Vietnamese Prime Minister Pham Minh Chinh has suggested.

Politics - Thu, November 30, 2023 | 10:09 am

Vietnam president asks for US recognition of market economy status by bypassing ‘rigid’ rules

Vietnam president asks for US recognition of market economy status by bypassing ‘rigid’ rules

Vietnam’s President Vo Van Thuong has called on the U.S. government to recognize the country’s status as a market economy with political will and by omitting rigid regulations so that a recent double upgrade of relations can be fully exploited.

Economy - Thu, November 16, 2023 | 10:09 pm

Trade ministry tasked with leading Vietnam negotiations for market economy status

Trade ministry tasked with leading Vietnam negotiations for market economy status

The Ministry of Industry and Trade has been asked to establish a working group for cooperating with the U.S. to have Vietnam achieve "market economy" status.

Economy - Wed, November 15, 2023 | 3:26 pm

US processing Vietnam request for market economy status review

US processing Vietnam request for market economy status review

The U.S. Department of Commerce (DOC) is processing Vietnam’s request that its non-market economy status be reviewed.

Economy - Mon, November 13, 2023 | 5:05 pm

Vietnam urges haste in U.S. recognition of market economy status

Vietnam urges haste in U.S. recognition of market economy status

Vietnam has officially requested the U.S. to recognize it as a market economy and urged expedited processing of relevant procedures.

Economy - Sat, September 16, 2023 | 10:30 pm

Vietnam, US in position to discuss sensitive issues like market economy status: ambassador

Vietnam, US in position to discuss sensitive issues like market economy status: ambassador

Following an unprecedented double upgrade of diplomatic ties, Vietnam and the U.S. are in a position to have the most open and frank dialogues about sensitive and uncomfortable issues related to trade and investment, including the recognition of Vietnam as a market economy, U.S. ambassador to the Southeast Asian country Marc Knapper has stated.

Politics - Wed, September 13, 2023 | 7:24 pm