Why is Vietnam not a market economy?

Why isnt Vietnam considered a market economy? Reasons & status?

Okay, so Vietnam – non-market economy? Huh. The US tagged them that way back in 2002, right? I read something about it, ages ago. Something about the government's heavy hand in things – prices, trade, the whole shebang.

It's tricky, you know? I mean, Vietnam's economy is growing. I saw figures – something like 7% a few years back. But yeah, that state control… they're not exactly letting the free market rip, are they?

China, Russia, North Korea – they’re on that same US non-market list. Makes you think, doesn't it?

The whole thing's kinda baffling. I remember a friend, visited Hanoi in July 2021, said the markets were buzzing. But, government influence is significant, apparently.

So, yeah. Government intervention. That's the short of it. That's why they're labeled like that. It’s more complicated than a simple yes or no.