Salma Ahmed
English Lit. GCSE Student
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vietnam on the way to become a market economy
- Words:
- 881
- Submitted:
- Wed Jul 16 2008
- Mark submitted by Author:
Have a little read: ... Vietnam and its non-market economy Eleven years ago, Vietnam started a long journey to World Trade Organization. United States, the main obstacle on the progress to negotiate for Vietnam to join WTO, became the last country to sign the bilateral trade agreement (BTA) with Vietnam in 2001. According to the multilateral commitments, Vietnam will be designated as a 'non-market economy' (NME) for a period of 12 years after its accession to the WTO, not later than 31/12/2018, or until it is able to meet the economic criteria for a " market economy" (ME) designation. It seems unfair that Vietnam is classed as a non-market economy after twenty years of reform. This in effect makes it difficult for Vietnam to defend itself from anti-dumping allegations lodged by the EU and the US. But why does this happen to Vietnam even though it has tried a lot? Let see the six factors
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