Awake-in-3D: US Trade Upgrade Promises Stronger Exchange Rate for VND

VND Update: U.S. Trade Upgrade Promises Stronger Exchange Rate On May 18, 2024 By Awake-In-3D New Market Economy Status Could Transform Economic and Trade Relations In This Article: Overview of the U.S. Department of Commerce Review Advocates’ Arguments for Vietnam’s Market Economy Status Concerns from U.S. Industries Broader Economic and Geopolitical Implications The United States is considering a significant economic move for upgrading Vietnam from a non-market economy (NME) to a market economy. This change seeks to end high anti-dumping and countervailing duties on Vietnamese imports, while boosting Vietnam’s economy and its struggling VND currency exchange rate with the US…