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This opinion piece in support of redesignating Vietnam a market economy

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.

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