The United States Must Axe Vietnam’s ‘Non-Market Economy’ Status – Analysis
By Harry Horsfield
On 2 August 2024, following an almost year-long review, the United States decided to retain Vietnam’s classification as a ‘non-market economy’. While framed as a procedural decision based on economic criteria, this move overlooks the broader strategic imperative and is a clear misstep that Washington must reconsider.
Vietnam has emerged as a crucial player in the United States’ efforts to diversify manufacturing and trade away from China towards trusted allies — astrategy known as‘friendshoring’. Читать дальше...
