According to the Vietnamese government website, U.S. President-elect Trump accepted a visit invitation from Vietnamese leader Su Lin. During the phone call, the two sides discussed the U.S.-Vietnam comprehensive strategic partnership, economic and trade cooperation. Trump also in

According to the Vietnamese government website, US President-elect Trump accepted the invitation to visit issued by Vietnamese leader Su Lin. During the phone call, the two sides discussed the US-Vietnam comprehensive strategic partnership, economic and trade cooperation. Trump also invited Su Lin to visit the United States again at an appropriate time.

Vietnam’s overtures obviously have a purpose. Biden has not fulfilled the promise and it seems impossible to fulfill it now. Su Lin wants to ask for someone else. This person is Trump, and what Vietnam wants is the country. long-awaited market economy status.

The United States unilaterally believed that the Vietnamese government had interfered in trade, pricing and currency in economic affairs, so it classified it as a "non-market economy status."

The so-called "non-market economy status" actually originated from a discriminatory definition of socialist countries during the Cold War. For countries classified as "non-market economy status", the United States can use cost data from third countries to calculate the so-called normal value. This results in countries with "non-market economy status" facing anti-dumping and countervailing investigations from the West. pressure, weakening the market competitiveness of its own products.

The reason why "non-market economy status" is a discriminatory definition is mainly because the WTO's "Anti-dumping Agreement" does not have any guiding definition for this. The set of "non-market economy status" adopted by the West does not come from legal rulings, but from legal rulings. It is an administrative ruling, purely a subjective judgment.

In addition to Vietnam, 12 countries including China, Russia, and North Korea have been included in the "non-market economy status" by the United States. In short, if you don't get along well with the United States, then you have a "non-market economy status."

However, the situation in Vietnam is somewhat special. In recent years, the United States has been enthusiastically wooing Vietnam, strengthening U.S.-Vietnam economic, trade and industrial cooperation, and trying to build Vietnam into an important base for "friendly shore outsourcing" in order to contain the Chinese economy.

Biden visited Vietnam last year and promised to help Vietnam obtain market economy status. Later, when the Vietnamese Prime Minister went to New York to attend the United Nations General Assembly, he met with US Treasury Secretary Yellen and Commerce Secretary Raimondo, urging the United States to fulfill its commitments as soon as possible. However, the United States rejected this request.

Opponents in Washington have cited Hanoi as a growing threat to the U.S. manufacturing base as more Chinese companies are setting up factories in Vietnam to circumvent U.S. taxes on Chinese imports.

Anyway, after all the detours, we cannot do without one China. The United States is wooing Vietnam for the sake of China, and its opposition to upgrading Vietnam to a market economy country is also for the sake of China.

This made Vietnam very unhappy. Its Ministry of Industry and Trade issued a statement saying that upgrading Vietnam's economic classification to a "market economy" is a fair move. Vietnam regrets that despite some positive improvements in Vietnam’s economy recently, the U.S. Department of Commerce still does not recognize Vietnam as a market economy country.

However, the situation may change after Trump takes office. Most opinions believe that Trump will most likely continue his tough trade stance. This may not only maintain the existing high tariffs on Chinese goods, but may even expand to impose a 10% tariff on all imported goods. Under this circumstance, the restructuring of global supply chains will be further accelerated, and Vietnam is expected to be one of the biggest beneficiaries.

Vietnam’s advantages lie in its geographical environment, labor costs and stable political environment.As U.S.-China trade barriers increase, more multinational companies are expected to consider moving their production bases to Vietnam to further promote local economic development. This trend has been reflected in the Vietnamese stock market.

According to Vietnam’s current assumptions, the most ideal situation is to obtain market economy status from Trump. If it cannot, it will actively use the influence brought by Trump to promote economic reforms, improve the business environment, and participate in multiple free trade agreements, creating favorable conditions for attracting foreign investment and promoting exports. However, in this context, how to rely on its "bamboo diplomacy" concept to balance the relationship between China and the United States may be a priority issue for Vietnam.