Vietnamese prime minister Pham Minh Chinh raised the issue of numerous US anti-dumping duty investigations on Vietnamese goods.
“I hope that the US will come up with the strong political will to recognise the market economy status of Vietnam, like you did to the Russian Federation,” Chinh told Yellen. He was referring to a 2002 determination that Russia’s economy was market-driven, a status that limited the calculation of US anti-dumping duties on Russian goods at the time.
The often high duty rates are irritants for Vietnam as its economic relationship with the US deepens. “The Biden-Harris administration views Vietnam as a key partner in our ‘friend-shoring’ approach to deepen integration with a broad set of partners and allies to create diverse, resilient, and sustainable supply chains in key industries,” Yellen said.