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The Association of Southeast Asian Nations (ASEAN) has recognised Viet nam as a full market economy.
"Having noted significant achievements of Viet nam in economic development and integration into the regional and global economy, ASEAN agreed to recognise Viet nam as a full market economy,” the ASEAN Secretariat said in a joint media statement issued at the 13th ASEAN Economic Ministers' Retreat taking place in Brunei.
ASEAN ministers called on dialogue partners of ASEAN and other countries to provide early recognition to the full market economy status of Viet nam, according to the statement.
At the meeting, the ministers reviewed and discussed various issues to be presented to the 39th ASEAN Economic Ministers' Meeting to be held in Manila, the Philippines, August this year and the 13th ASEAN Summit in Singapore, November.
ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet nam.
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