US Maintains Vietnam's Non-Market Economy Status

Despite economic reforms, Washington cites extensive state intervention as basis for decision

Vietnam remains one of 12 nations classified by the US as a non-market economy.
The designation affects how anti-dumping duties on Vietnamese imports are calculated.
Vietnam's Ministry of Industry and Trade expressed regret over the decision.
US officials acknowledge Vietnam's economic progress but highlight ongoing distortions.
The decision comes amid growing US-Vietnam trade relations and geopolitical considerations.