Summary
In the span of three months, presidents of both the US and China have visited Hanoi. From the visits, numerous trade and investment deals were signed.
Politically and economically, Vietnam stands to gain from closer ties with the US. As President Biden continues to de-risk from China, American businesses are shifting their operations and manufacturing from China to Vietnam. But camaraderie with Washington could jeopardise Hanoi’s relationship with Beijing and Moscow. Why are the superpowers courting Vietnam, and can the Southeast Asian country balance the competing wants of rival titans?...