John Borton, a non-resident senior fellow at Johns Hopkins/SAIS Foreign Policy Institute, has written an opinion piece for the Geopolitical Monitor in which he argues for making Vietnam a market economy.
Borton argues that:
- There would be bilateral benefits in market access and export opportunities;
- Other countries have already done it, including the United Kingdom, Canada, Australia, and Japan;
- Labour protections are not as bad in Vietnam as they are in other countries with market economy status; and
- Environmental, economic, and security threats can be better addressed.
For context see: Unpacked: Vietnam’s Non-Market Economy Review.