Uncle Joe Meets Uncle Ho

Vietnam Declares US "Strategic Partner;" May Get Slack on NME Status

Posted 9/11/23

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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