Vietnam asks for 'market economy' status

By Agence France-Presse

Mar 28, 2024 12:03 am

WASHINGTON, D.C.: Vietnam on Tuesday called on the United States to recognize it as a market economy, saying stronger trade ties would benefit Washington in key areas as it seeks to diversify from China.

Vietnam and China are among a dozen countries designated nonmarket economies by the United States, allowing tougher actions on their exports. President Joe Biden's administration in October agreed to review Vietnam's status.

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