Vietnam will continue to monitor and assess the impact of the US’s removal of Vietnam from the list of developing countries under US countervailing duty laws, Vice Spokesperson of the Foreign Ministry Doan Khac Viet said on February 20.

The vice spokesperson stressed that Vietnam will maintain dialogue and continue to coordinate measures with the US in order to promote the harmonious and sustainable development of bilateral trade, benefitting both sides. 

He made the statement in reply to reporters’ questions about Vietnam’s response to the US move.

Noting that Vietnam is still benefiting from its developing nation status within the framework of the World Trade Organisation (WTO), Viet stressed that economic and trade ties between Vietnam and the US have developed fruitfully over recent years, with two-way trade reaching nearly 76 billion USD in 2019, up 25 percent year-on-year.

The US has maintained its position as the biggest export market of Vietnam, while Vietnam is among the fastest growing export markets of the US, he added./.

Source: Vietnam Plus
 

• Trump says Viet Nam to face 20% tariff under 'great' deal
• US Forced Labour Hearings: Trump's next tariff threat looms over 60 countries, including India
• Viet Nam, France advance implementation of Comprehensive Strategic Partnership
• Business community key to Viet Nam's Net Zero journey: Deputy Prime Minister
• New push to stabilise Viet Nam property market