Since the U.S.-China “trade war” started, many have labelled Vietnam as a “winner” of the competition that unfolded between world’s biggest powers.
As one of our esteemed 2024-25 Fellows, Dr Huong Le Thu, Deputy Director of Asia Program, International Crisis Group and Chair of the AVPI Advisory Board, has released a Fellows article that examines Vietnam’s trade and investment principles.
Her article explores Vietnam’s position amidst the U.S.-China trade war, its future direction, and the potential impacts of its relationship with the United States.
Key takeaways
- Vietnam has benefited from the U.S.-China trade war by attracting major tech companies to relocate production from China.
- Vietnam’s strategic relationship with the U.S. has strengthened, highlighted by the Comprehensive Strategic Partnership and defence cooperation.
- Investments in the U.S., such as VinFast’s EV manufacturing, are part of Vietnam’s strategy to align with U.S. interests.
- Vietnam employs “bamboo diplomacy,” focusing on adaptability and expanding partnerships to avoid over-reliance on any single market.
- Deepened relations with global players like the EU, Japan, South Korea, and Australia support Vietnam’s economic resilience.
Full article below via the ‘Download PDF’ button
Publication Date
Thursday 6th February, 2025
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