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VisitHow will Vietnam change its trade policy in response to U.S. decision by end of 2024?
Tariffs on U.S. goods • 25%
Trade agreements with other countries • 25%
No significant changes • 25%
Other • 25%
Official announcements from the Vietnam Trade Ministry
Biden Administration Continues to Classify Vietnam as Non-Market Economy
Aug 2, 2024, 01:55 PM
The U.S. Department of Commerce announced its decision to continue classifying Vietnam as a non-market economy country. This decision, announced on Friday, is a setback for Vietnam's efforts to boost exports to its most important market. The Biden administration rejected Vietnam's request to be officially recognized as a market economy. In response, the Vietnam Trade Ministry expressed regret over the decision and stated that it will continue to submit another dossier requesting a review of the market economy status for Vietnam. The Trade Ministry emphasized that recognizing Vietnam as a market economy is an objective and fair decision.
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Economic Reforms • 25%
Trade Negotiations • 25%
Political Pressure • 25%
Other • 25%
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Textiles • 25%
Electronics • 25%
Agriculture • 25%
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Strengthening ties with China • 25%
Strengthening ties with the United States • 25%
Balancing relations with both • 25%
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China • 25%
United States • 25%
Japan • 25%
European Union • 25%
Strengthened trade restrictions • 25%
Relaxed trade restrictions • 25%
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Improvement • 33%
Deterioration • 33%
No significant change • 33%
Vietnam • 25%
China • 25%
India • 25%
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Yes • 50%
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Decrease • 25%
Increase by more than 1% • 25%
No change • 25%
Increase by less than 1% • 25%