Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) has expressed its regret that the US Department of Commerce (DOC) on August 2 issued a determination according to which although many positive changes have been recorded in Vietnam's economy in recent years, Vietnam continues to be classified as a non-market economy. This means that enterprises exporting Vietnamese goods to the US market will continue to be treated differently in anti-dumping and countervailing investigations of the US, the actual production costs of Vietnamese enterprises will continue not to be recognised, instead, the "surrogate value" of a third country will be used to calculate dumping/subsidy margin in such cases. If the DOC had examined the records and practices in Vietnam objectively and fairly, they would have been able to acknowledge the fact that Vietnam is already a market economy like the 72 other recognised market economies, including major economies such as the UK, Canada, Mexico, Australia, Japan, India, the Republic Korea, and New Zealand, the MoIT noted. Over the past 20 years, it went on, Vietnam's economy has undergone remarkable changes and development. Vietnam has successfully signed and put into practice 17 free trade agreements, including new-generation and high-standard free trade agreements with the EU, the countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the UK, with many extensive and comprehensive commitments from the reduction of duties to the raising of labour standards, environmental protection, sustainable development, government procurement, and transparency. These changes have been clarified in more than 20,000 pages of information and documents sent by the MoIT to the DOC, demonstrating Vietnam's strong progress in all the six criteria set forth by the DOC when considering the graduation to a market economy. The briefs provided by the MoIT for the DOC also fully and consistently demonstrate that Vietnam's level of implementation of these six criteria is at least equal to and generally better than the level of implementation by other countries that have been recognised as market economies; and in fact, equal to or better than countries that have always been considered as market economies. Therefore, based on the specific statutory criteria of US law, the recognition of the market economy for Vietnam is an objective and fair reality, according to the MoIT. The MoIT extended sincere thanks to 41 organisations, individuals, business associations, and trade associations in Vietnam and also the US for expressing strong support for the graduation of Vietnam to a market economy, including organisations and individuals representing US businesses such as the National Association of State Departments of Agriculture (NASDA), the American Chamber of Commerce (AmCham), the US-ASEAN Business Council (USABC), and the Retail Industry Leaders Association. It also said that it looks forward to the further companionship of the above-mentioned organisations and individuals in the future. In the coming time, the MoIT will continue to study and analyse the arguments in the DOC’s report assessing the Vietnamese economy so as to continue the supplementation and completion of the briefs and relevant dossiers to submit to the DOC to request another review to recognise the market economy status of Vietnam, which will further concretise the comprehensive strategic partnership between the two countries, thereby promoting bilateral economic, trade and investment cooperation and bringing practical benefits to businesses and people of both countries. In addition, the MoIT will always support and accompany Vietnamese enterprises exporting to the US market in trade remedy investigations to ensure the highest possible benefits for the Vietnamese business community, it added.
According to vietnamplus.vn
(seafood.vasep.com.vn) While Vietnam’s shrimp exports to many major markets continued to post positive growth in the first months of 2026, exports to the United States declined, highlighting growing competitive pressures and trade barriers facing the Vietnamese shrimp industry.
(seafood.vasep.com.vn) Egypt is emerging as one of the most promising destinations for Vietnamese tuna exports in 2026. During the first four months of the year, export turnover to this market exceeded USD 7.3 million, marking a sharp increase compared to the same period over the previous two years. As Egypt’s tuna imports continue to recover and demand for canned tuna remains strong, the market is becoming increasingly attractive for Vietnamese tuna processors and exporters.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s pangasius exports to CPTPP member countries reached nearly USD 128 million, accounting for 18% of the country’s total pangasius export value and increasing by 21% compared to the same period in 2025. Demand patterns varied significantly across the bloc: Mexico primarily imported fresh and frozen pangasius products, while Japan and Canada recorded substantial shares of processed products. Australia remained focused on frozen fillets but continued to maintain a portion of processed imports.
(seafood.vasep.com.vn) Despite the slow recovery of the U.S. market and continued trade-related challenges facing Vietnam’s shrimp industry, Minh Phu Seafood Corporation (MPC) has set ambitious targets for 2026. The company aims to produce 68,800 metric tons of finished shrimp products, generate consolidated revenue of VND 19.9 trillion, and achieve VND 1.059 trillion in pre-tax profit. If achieved, these figures would represent the highest revenue and profit levels in the company’s history.
(seafood.vasep.com.vn) HungHau Foods Joint Stock Company (HungHau Foods) has been honored at the 33rd Asia-Pacific Economic Forum, receiving two prestigious awards: “Top 10 Outstanding Asia-Pacific Enterprises 2026” and “Top 10 Outstanding Entrepreneurs” awarded to HungHau Foods CEO, Ms. Nguyen Yen.
(seafood.vasep.com.vn) After a period of sluggish imports in 2025, the Chinese market has returned with strong shrimp purchasing momentum in the first months of 2026. However, alongside rising demand comes an increasingly stringent import control system, covering quarantine requirements, food safety standards, registration procedures, and traceability. This makes China a market that offers both significant opportunities and growing risks for Vietnamese shrimp exporters.
(seafood.vasep.com.vn) Recently, in Long Xuyen City, An Giang Province, the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) and the University of Economics Ho Chi Minh City (UEH) organized a workshop to announce the results of the project “Food Loss Assessment in the Pangasius Value Chain in the Mekong River Region.” The project aims to provide scientific evidence to support the sustainable development of Vietnam’s pangasius industry.
(seafood.vasep.com.vn) Shrimp prices in Vietnam’s Mekong Delta have recovered since early May, helping to improve farmers’ confidence and accelerate stocking activities for the 2026 farming season. However, farmers remain cautious due to rising input costs, unfavorable weather conditions, and disease risks.
(seafood.vasep.com.vn) On May 27, the Vietnam Trade Office in India, in collaboration with trade promotion agencies, industry associations, and businesses from both countries, organized the online seminar “Vietnam–India Seafood Trade Forum and Supply-Demand Connectivity 2026.” The event aimed to promote trade cooperation, investment, and seafood supply chain connectivity between Vietnam and India amid the ongoing restructuring of global markets.
(seafood.vasep.com.vn) In recent years, Ninh Binh Province has intensified the application of science and technology in aquaculture in order to improve productivity, product quality, and economic efficiency.
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