Vietnam: Raimondo pledged to push for change to country’s market economy status

Commerce Secretary Gina Raimondo last week “pledged” to push for a change to Vietnam’s status as a non-market economy, Hanoi said in describing a meeting with the country’s prime minister. Commerce’s International Trade Administration recognizes a dozen countries as non-market economies, including Russia, China, Georgia, Moldova and Vietnam. Countries with the non-market designation are subject to higher anti-dumping duties. The Vietnamese government earlier this month officially requested a review of its non-market economy status just days before President Biden visited...