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US rejects Vietnam’s request for ‘market economy’ classification

augustus 02, 2024by Reacties uitgeschakeld voor US rejects Vietnam’s request for ‘market economy’ classification

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Washington rejected Vietnam’s request to be designated as a market economy, the U.S. Commerce Department said Friday.

The United States has classified Vietnam as a “non-market economy” since 2002, due to Hanoi’s state intervention in economic affairs such as trade, pricing and currency. There are 12 other countries the United States classifies as a “non-market economy” including China, Russia and North Korea.

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