PM Pham Minh Chinh thanked President Luiz Inacio Lula da Silva and the Brazilian Government for recognising Vietnam’s market economy status, which will facilitate the access of their countries’ businesses to each other’s markets in a fair and mutually beneficial manner.
Brazilian President Luiz Inácio Lula da Silva emphasised that his visit aims to reaffirm Brazil’s commitment to strengthening its strategic partnership with Vietnam as part of its broader policy to enhance relations with ASEAN and the Asia-Pacific region.
Veeramalla Anjaiah, a senior researcher at the Indonesia-based Centre for Southeast Asian Studies, has lauded the Communist Party of Vietnam (CPV)'s pivotal role in the country’s development.
Ambassador Vu Trung My requested Saint Vincent and the Grenadines to soon recognise Vietnam’s market economy status and support its candidacy for the position of judge at the International Tribunal for the Law of the Sea for the 2026–2035 term.
Costa Rican President Rodrigo Chaves Robles expressed his willingness to strengthen multifaceted cooperation between Costa Rica and Vietnam, particularly in the fields of economy, trade, education, and environment.
Despite market recovery, the wood industry needs to overcome formidable challenges to realise the export revenue target of 15.2 billion USD for the whole year, according to insiders.
Costa Rican Minister of Foreign Trade Manuel Tovar, empowered by the Costa Rican President, on August 5 announced and handed over a diplomatic note to the Vietnamese Ministry of Industry and Trade (MoIT) affirming its recognition of Vietnam as a market economy.
Politburo member, Director of the Ho Chi Minh National Academy of Politics and Chairman of the Central Theory Council Nguyen Xuan Thang highlighted the comprehensive, rapid developments of the Vietnam-US relationship during his working visit to the US from July 31 to August 4.
The Ministry of Industry and Trade has expressed its regret that the US Department of Commerce on August 2 issued a determination according to which although many positive changes have been recorded in Vietnam's economy in recent years, Vietnam continues to be classified as a non-market economy.
The Ministry of Industry and Trade (MoIT) has expressed its regret that the US Department of Commerce (DOC) on August 2 issued a determination according to which although many positive changes have been recorded in Vietnam's economy in recent years, Vietnam continues to be classified as a non-market economy.
Vietnam has a market economy, if the pace of reforms it has undertaken from the Doi Moi (Renewal) period in 1986 to now is taken into consideration, Senior Lecturer in Economics at Australia’s Deakin University Dr. Cong Pham has assessed.
Deputy Prime Minister Tran Luu Quang received US Ambassador to Vietnam Marc Evans Knapper in Hanoi on June 18, speaking highly of the diplomat’s contributions to the elevation of the bilateral ties to a comprehensive strategic partnership last September.
The US's recognition of the market economy in Vietnam will help expand business opportunities for Vietnamese enterprises and pave the way for Vietnamese exports to this market, according to experts.
Vietnamese tra fish export has roared back to growth after a significant drop recorded earlier this year as countries have scaled up their imports, according to insiders.
Foreign Ministry spokesperson Pham Thu Hang on May 9 said that Vietnam welcomes the US Commerce Department’s consideration of upgrading Vietnam to 'market economy' status.
The newly elevated relationship between Vietnam and the US to the comprehensive strategic partnership not only deepens the two countries’ diplomatic relations but translates as an opportunity for Washington to upgrade Vietnam’s recognition as a market economy, said James Borton - a non-resident senior fellow at the Foreign Policy Institute (FPI) of the Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies (SAIS).
