Foreign Ministry spokesperson Pham Thu Hang (Photo: VNA broadcasts)
Speaking at the ministry’s regular press conference, Hang said that Viet Nam welcomes the DOC for holding the hearing on the recognition of Viet Nam's market economy on May 8 and this is an important step in the process of considering the recognition. At the hearing, the Vietnamese side presented arguments, information, and data affirming that the Vietnamese economy completely meets the criteria of market economy status. At the same time, it emphasised that Viet Nam's economy is doing even better than many economies that have gained market economy status.
According to the spokesperson, so far, 72 countries have recognised Viet Nam as having a market economy, including large economies such as the UK, Canada, Australia and Japan. Viet Nam has also participated in 16 bilateral and multilateral free trade agreements with more than 60 partners across the world.
“The US's early recognition of Viet Nam's market economy status will contribute to concretising the commitments of the two countries' senior leaders, strengthening the Viet Nam-US comprehensive strategic partnership. Thereby, it will promote economic and trade relations, bringing practical benefits to businesses and people of the two countries," Hang emphasised./.
Source: VNA
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