On January 15, 2021, The U.S. Trade Representative (USTR) released a Section 301 report on Vietnam’s currency valuation practices. The report follows the conclusion of public hearings and submission of rebuttal comments in late December of 2020 and early January of 2021.

Notably, USTR’s press release states that “ USTR is not taking any specific actions in connection with the findings at this time but will continue to evaluate all available options.

Vietnam Currency Investigation Conclusions

  1. Vietnam’s acts, policies, and practices that contribute to undervaluation of its currency, including excessive FX market interventions and other related actions, taken in their totality, are unreasonable; and
  2. Vietnam’s acts, policies, and practices that contribute to undervaluation of its currency, including excessive FX market interventions and other related actions, taken in their totality, burden or restrict U.S. commerce.

The report is available here.

The Federal Register Notice is available here

For more information on the investigation, including hearing transcripts and analysis please refer to our October 7, 2020, and January 6, 2021, posts below or contact    Evan Chuck, Robert L. LaFrankie,, Frances P. Hadfield, & Clayton Kaier

Vietnam Section 301 Hearing Transcripts

USTR Launches Section 301 Investigation Targeting Imports from Vietnam