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Vietnamese Foreign Minister Bui Thanh Son Urges Strengthening Economic Ties with US

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 Urges Strengthening Economic Ties with US

Vietnamese Foreign Minister Bui Thanh Son recently delivered a speech at the Brookings Institution in Washington, where he emphasized the importance of strengthening economic ties between Vietnam and the United States. In his speech, Son expressed hope that the U.S. would recognize Vietnam as a market economy, rather than categorizing it as a ‘non-market economy’ in import injury cases. This classification results in higher anti-dumping duties for Vietnamese goods exported to the U.S., hindering economic cooperation and growth.

Son highlighted several key areas for collaboration between the two countries, including supply chain resilience, infrastructure connectivity, digital economy development, energy efficiency initiatives, green economy growth, and logistics optimization. By focusing on these areas, both nations can work together to build a more robust and sustainable economic partnership that benefits both economies.

During his speech, Son emphasized the need for increased cooperation and collaboration between Vietnam and the United States in developing key economic sectors such as technology and infrastructure. He also addressed the importance of building stronger partnerships in areas such as renewable energy and sustainable development initiatives. By working together to create a more resilient and prosperous economic partnership, both countries can promote mutual growth and development in the long term.

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