U.S. Department of Commerce Initiates Review of the Non-Market Economy Status of Vietnam
FOR IMMEDIATE RELEASE
Tuesday, October 24, 2023
Contact: Office of Public Affairs
WASHINGTON – Today, The U.S. Department of Commerce announced it will begin reviewing the non-market economy status of Vietnam. On September 8, the Government of Vietnam filed an official request that Commerce consider it a market economy citing the country’s economic reforms made in recent years.
The Department of Commerce will carefully review the information submitted by the Government of Vietnam concerning its market reforms, and will complete a review as expeditiously as possible, in accordance with U.S. law. Commerce has 270 days to complete this review, which includes a public comment period before a determination is made. Public records on this investigation can be found at access.trade.gov.
About the International Trade Administration
The International Trade Administration (ITA) at the U.S. Department of Commerce is the premier resource for American companies competing in the global marketplace. Operating in more than 100 U.S. locations and 80 markets worldwide, ITA promotes trade and investment, assists U.S. businesses and workers to export and expand globally, and ensures fair trade and compliance by enforcing U.S. trade laws and agreements. For more information on ITA, visit www.trade.gov.