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Will Vietnam be reclassified as a market economy by the U.S. Department of Commerce by the end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
U.S. Department of Commerce official announcements
Story
Biden Administration Reaffirms Vietnam's Non-Market Economy Status on Friday
Aug 2, 2024, 01:34 PM
The U.S. Department of Commerce announced its determination on Friday that Vietnam will continue to be classified as a non-market economy country. This decision, confirmed by the Biden administration, was a setback for Vietnam, which had requested to be officially recognized as a market economy. The Biden administration's rejection of this request impacts Vietnam's efforts to boost exports to its most important market, the United States.
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