U.S. and Vietnam are joining hands against China

Description

Tensions are ratcheting up in Southeast Asia as the U.S. fortifies its ties with Vietnam, casting an unmistakable shadow over China. In a bold move that underscores the shifting dynamics of geopolitical power, Vietnam has bestowed upon Washington an honor previously reserved for powerhouses like China, Russia, and a select few others. With President Joe … Read more

Tensions are ratcheting up in Southeast Asia as the U.S. fortifies its ties with Vietnam, casting an unmistakable shadow over China. In a bold move that underscores the shifting dynamics of geopolitical power, Vietnam has bestowed upon Washington an honor previously reserved for powerhouses like China, Russia, and a select few others.

With President Joe Biden’s recent trip to Hanoi, it’s evident that the winds of change are blowing – and China should take note.

A Ceremonial Welcome, A Strategic Partnership

Hanoi welcomed Biden with a ceremony organized by the ruling Communist Party, where young children joyously waved the American flag. The symbolism was palpable. It was an acknowledgment of the journey these nations have traversed together – from bitter Cold War-era adversaries to strategic allies. This upgrade in relations isn’t mere pageantry; it’s a clarion call signaling Vietnam’s intent to lean closer to the West. If anyone was still doubting Vietnam’s position in the intensifying U.S.-China tug of war, this should clear the air. Vietnam is placing itself firmly on the side that will best serve its interests. And right now, that side seems to be the United States.

Yet, the complexity of international relations isn’t lost on Vietnam. As the U.S. strengthens its grip, Hanoi is still keen on maintaining cordial relations with other superpowers. In the coming days, top Chinese officials might grace Vietnam with their presence, a move that’s presumably meant to balance out the diplomatic scales.

Vietnam’s Delicate Dance with Defense Deals

But beneath the overt gestures and diplomatic niceties lies an undercurrent of unease, particularly when it comes to defense agreements. Vietnam’s longstanding ties with Russia, particularly in the sphere of military supplies, are under the microscope. With talks of a fresh arms deal between Moscow and Hanoi in the pipeline, Vietnam risks inviting U.S. sanctions. Washington’s eyes are closely watching how these negotiations pan out.

That said, the U.S. isn’t sitting idly by. The recently minted U.S.-Vietnam upgrade isn’t just symbolic; it’s tactical. As insiders from the U.S. camp hint, Vietnam may soon diversify its military supplies, reducing its reliance on Moscow. If these indications materialize, it’ll be another feather in the U.S. cap and, potentially, another nail in China’s coffin in the region.

Economic Ties That Bind

Amidst these political machinations, the wheels of trade and commerce churn on. Biden’s visit was as much about economic partnerships as it was about politics. As trade and investment connections burgeon between the two nations, Vietnam emerges as a potent ally in the U.S.’s bid to secure global supply chains from potential Chinese interruptions.

Biden’s focus on semiconductors during his visit was hardly surprising. With the U.S. ready to pump funds into bolstering semiconductor supply chains, Vietnam, with its burgeoning tech sector, stands as a natural ally. But it’s not just about chips. The two nations are also looking to fortify supply chains of crucial minerals, notably rare earths – a domain where Vietnam’s prominence is steadily rising.

Where Do We Stand Now?

The symbolism, the economic ties, the strategic partnerships – it all points to one thing: the U.S. and Vietnam are more aligned now than they’ve ever been since the end of the Vietnam War. This renewed camaraderie is undoubtedly a product of mutual interests, but it’s also a testament to the changing realities of the region.

China’s assertiveness in the South China Sea and its increasingly ambitious foreign policy are pushing many countries to reconsider their stances. And as Vietnam elevates its relationship with the U.S., it sends a loud and clear message to China and the world. It’s no longer business as usual.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:U.S. and Vietnam are joining hands against China

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月11日 12:04
Next 2023年9月11日 14:11

Related articles

  • Whale Alert flags $33 million XRP transfer amid Ripple-SEC legal battle

    TL;DR Breakdown Whale Alert reports a significant XRP transfer of 66,666,659 tokens, valued at about $33 million, from Binance to an unknown wallet. XRP has seen a surge in on-chain transactions, reaching a seven-month-high and a three-month peak in circulation. Ripple transferred 300,000,000 XRP ($146,927,854) and 500,000,000 XRP ($244,748,526) into secure escrow accounts. Description Whale Alert, the renowned crypto tracking platform, has flagged a significant XRP transaction. A whopping 66,666,659 XRP, valued at about $33,065,809, moved from Binance to an unknown wallet. This transfer has ignited chatter about its potential market influence. But that’s not all in the XRP universe. Ripple, the company behind XRP, has been making notable … Read more Whale Alert, the renowned crypto tracking platform, has flagged a significant XRP transaction. A whopping 66,666,659 XRP, valued at about $33,065,809, moved from Binance to an unknown wallet. This transfer has ignited chatter about its potential market influence. But that’s not all in the XRP universe. Ripple, the company behind XRP, has been making notable transfers. A staggering 300,000,000 XRP, valued at nearly $146,927,854, found its way into…

    Article 2023年9月3日
  • Binance CEO receives summons from U.S. court in response to SEC lawsuit

    TL;DR Breakdown The United States District Court for Washington, D.C., has issued a summons for Binance CEO Changpeng Zhao in response to the SEC’s lawsuit against the exchange. The summons grants Zhao 21 days to respond to the legal action filed by the SEC. Binance has yet to respond to the summons formally but intends to contest the SEC’s complaint. In the latest twist of events surrounding Binance, the United States District Court for Washington, D.C. has issued a summons for Binance CEO Changpeng Zhao. This development follows the recent lawsuit the US Securities and Exchange Commission (SEC) filed against the exchange, alleging violations of US securities laws. 🚨NEW: @binance CEO @cz_binance has been ordered to respond/answer the summons of a U.S. District Court along with the other entities named in the lawsuit. He does not have to appear in person but respond within the time frame below 👇🏼 https://t.co/UipLm9TRye — Eleanor Terrett (@EleanorTerrett) June 7, 2023 The summons, issued on June 7th, grants Zhao 21 days to respond to the legal action. Also, it explicitly states that a lawsuit…

    Article 2023年6月13日
  • SEC greenlights Valkyrie Spot Bitcoin ETF application for the US Market

    TL;DR Breakdown Crypto adoption took a significant step forward when the US SEC approved the Valkyrie Spot Bitcoin ETF application. The SEC’s adoption indicates a regulatory tilt toward cryptos. ETF rejections produced confusion, but Valkyrie’s acceptance suggests a more open attitude. However, the SEC will carefully review the idea. Description The United States Securities and Exchange Commission (SEC) officially accepted the Valkyrie Spot Bitcoin ETF application, marking a significant step towards embracing the digital revolution.  This Indicates a possible breakthrough for mass crypto adoption in the world’s largest economy. The move also represents a watershed moment for the crypto community. If the Valkyrie Spot Bitcoin … Read more The United States Securities and Exchange Commission (SEC) officially accepted the Valkyrie Spot Bitcoin ETF application, marking a significant step towards embracing the digital revolution.  This Indicates a possible breakthrough for mass crypto adoption in the world’s largest economy. The move also represents a watershed moment for the crypto community. If the Valkyrie Spot Bitcoin ETF is given the go-light, it will be the first of its kind, giving investors exposure to…

    Article 2023年7月19日
  • Breaking: BRICS leaders make a pact for alliance expansion

    Description It was a momentous occasion. Leaders of the BRICS nations gathered in Johannesburg, ostensibly signaling a new era in global alliances. With an agenda primarily focused on expanding their influence, the BRICS – Brazil, Russia, India, China, and South Africa – are eyeing an enlargement of their bloc. With the potential inclusion of several new … Read more It was a momentous occasion. Leaders of the BRICS nations gathered in Johannesburg, ostensibly signaling a new era in global alliances. With an agenda primarily focused on expanding their influence, the BRICS – Brazil, Russia, India, China, and South Africa – are eyeing an enlargement of their bloc. With the potential inclusion of several new member nations, the expansion could undoubtedly shift the scales of power. Behind Closed Doors: The Expansion Debate The three-day summit held in Johannesburg became a hotspot for debates and discussions around the bloc’s enlargement. While the initial sentiment seemed to favor the expansion, with numerous countries vying for a seat at the table, not everything went as smoothly as anticipated. Naledi Pandor, South Africa’s foreign minister…

    Article 2023年8月24日
  • Retail investors get voting power in BlackRock’s top ETF

    TL;DR Breakdown BlackRock plans to grant retail investors in its iShares Core S&P 500 ETF proxy voting rights from 2024. Investors can select from seven general policies, but cannot vote on individual companies. This move comes amidst criticism that large fund managers prioritize social and environmental goals over investors’ returns. Description In a groundbreaking move, BlackRock, the world’s largest asset manager, has announced plans to grant retail investors in its premier exchange-traded fund (ETF), iShares Core S&P 500 ETF (IVV), voting rights in proxy decisions starting from 2024. This significant action comes as part of a broader industry trend that has seen other giant index fund … Read more In a groundbreaking move, BlackRock, the world’s largest asset manager, has announced plans to grant retail investors in its premier exchange-traded fund (ETF), iShares Core S&P 500 ETF (IVV), voting rights in proxy decisions starting from 2024. This significant action comes as part of a broader industry trend that has seen other giant index fund providers, like State Street and Vanguard, explore methods to incorporate ordinary investors’ voice in their investment…

    Article 2023年7月18日
TOP