Joe Biden

Over 20 organizations call on the U.S. not to grant market economy status to the Socialist Republic of Vietnam

Hanoi is waging an intense lobbying campaign to ask the US government to grant “market economy” status to the Socialist Republic of Vietnam. In response, more than 20 Vietnamese and international organizations wrote to US President Joe Biden, Commerce Secretary Gina Raimondo and Secretary of State Antony Blinken to urge the US administration to refuse to grant this market economy status for Vietnam at this time.

Elevating the bilateral relationship to transform Vietnam

It is time for the Vietnamese Communist Party to abandon its fear of “peaceful evolution” and truly upgrade diplomatic relations with the United States and other democratic countries. This will help Vietnam avoid excessive dependence on China and to promote its own economic development, especially in the strategic areas of advanced technology, workforce development, and environmental protection.

With wary eye on China, U.S. moves closer to former foe Vietnam

The United States and Vietnam are poised to significantly enhance their economic and technological ties, bringing the former foes closer at a time of increased Chinese assertiveness in the region. The deal, expected to be announced when President Biden makes a state visit to Vietnam next weekend, is the latest step by the Biden administration to deepen relations in Asia. For Hanoi, the closer relationship with Washington serves as a counterweight to Beijing’s influence.