President Biden and General Secretary Nguyen Phu Trong of the Communist Party of Vietnam met in early September and initiatied a "Comprehensive Strategic Partnership," a status Vietnam reserves for its closest partners, emphasizing peace, cooperation, and sustainable development.
The Socialist Republic of Vietnam remains categorized as a "non-market economy," and is treated less favorably under US anti-dumping law. Removal of this designation is a priority ask from Hanoi, although it hasn't materially slowed growth in exports to the US.
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