The Vietnamese Ministry of Industry and Trade has expressed its regret over the U.S. Department of Commerce (DOC)’s decision that continues to classify Vietnam as a non-market economy country. Following the determination, the methodology used in calculating U.S. antidumping duties on imports from Vietnam remains the same, said the media release. In its announcement, the Vietnamese agency extended its thanks to 41 American organizations, business associations, trade associations and individuals for their strong advocates for recognizing Vietnam as a market economy country. The ministry said it will continue studying and analyzing the DOC’s assessments on the Vietnamese economy in order to supplement and complete its briefs and submit dossiers again to the DOC requesting another review to recognize Vietnam’s market economy status. Last year, the U.S. was Vietnam's largest export market, with export earnings from this market amounting to US$97 billion, representing 27.3 percent of Vietnam's total export turnover.

Source: Tuoitre News August 03, 2024 14:45 UTC