Vietnamese Foreign Minister Bui Thanh Son Calls for Stronger Economic Ties with the U.S.

By Eleanor Harrison Mar27,2024
FM Son from Vietnam expresses hope for US to recognize ‘market economy’ status soon | WTAQ News Talk | 97.5 FM · 1360 AM

Vietnamese Foreign Minister Bui Thanh Son delivered a speech at the Brookings Institution think tank in Washington, where he emphasized the importance of strengthening economic ties 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. However, Son expressed his hope for the U.S. to recognize Vietnam as a market economy, which would pave the way for closer collaboration and partnerships between the two countries.

Son highlighted key areas for collaboration, including supply chain resilience, infrastructure connectivity, digital economy, energy, green economy, and logistics. By working together on these areas, both countries can enhance their economic trade and investment cooperation following the establishment of a Comprehensive Strategic Partnership in the previous year.

The speech underscored the need for increased cooperation and collaboration between Vietnam and the United States. With a focus on developing key economic sectors such as technology and infrastructure, both countries can benefit from closer ties and partnerships in the future.

In conclusion, Son’s remarks emphasized that recognizing Vietnam as a market economy is crucial to building a more robust economic relationship with the United States. By working together on key areas such as technology and infrastructure development, both countries can create a more prosperous future for themselves and their citizens.

By Eleanor Harrison

As a content writer at newseasoning.com, I infuse flavor into words, crafting compelling stories that captivate and inform our audience. With a keen eye for detail and a passion for creativity, I strive to create content that not only engages but also inspires. Whether I'm concocting a savory blog post or whipping up a spicy product description, I pour my heart and soul into every piece I write. Join me on this flavorful journey as we explore the tantalizing world of content creation together.

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