A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Vietnam pushes US to remove non-market economy designation

During the US President’s visit to Hanoi, the Chairman of the National Assembly, Vuong Dinh Hue, requested the US revisit its designation of Vietnam as a non-market economy, VN Economy is reporting

For context: When assessing anti-dumping disputes with non-market economies, the US Commerce Department, per WTO rules, often uses surrogate countries to determine the fair market value of the goods in question. Usually it’s a comparable market-economy (Indonesia, for example) but this is not always the case and, as a result, this process is not always fair for non-market economies.

As of the end of 2021, the US had reported 17 antidumping measures applied to goods from Vietnam according to the WTO Trade Remedies Data Portal.

Get Vietnam news sent straight to your inbox