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

  • Struct Finance launches DeFi’s answer to predictable returns

    TL;DR Breakdown Ava Labs-backed Struct Finance launches customizable interest rate products, allowing DeFi users to create investments tailored to their risk-return preferences. Investors can now earn predictable returns on DeFi investments, choosing between fixed (10%) or variable (up to 65%) returns. Description The cutting-edge landscape of decentralized finance (DeFi) just took a major step forward with the launch of Struct Finance’s innovative interest rate products. This exciting development heralds a new era of customizable DeFi solutions, expanding the opportunities for investors of all risk appetites to tap into the dynamic world of digital assets. A revolution in … Read more The cutting-edge landscape of decentralized finance (DeFi) just took a major step forward with the launch of Struct Finance’s innovative interest rate products. This exciting development heralds a new era of customizable DeFi solutions, expanding the opportunities for investors of all risk appetites to tap into the dynamic world of digital assets. A revolution in DeFi: Tailoring returns to risk preferences Struct Finance, backed by Ava Labs, has hit the ground running by launching fully customizable interest rate products. This…

    Article 2023年6月24日
  • Donald Trump’s NFT company reveals shockingly low bank balance, but massive Ethereum fortune: Details

    TL;DR Breakdown Former President Donald Trump’s NFT company, CIC Digital LLC, reveals a bank account balance of less than $1,000 but holds a substantial Ethereum wallet valued between $250,000 and $500,000. Trump’s NFT sales have seen significant success, with a surge in sales volume and a rise in floor prices for Trump-branded digital assets. The financial filing provides detailed information on Trump’s income sources, totaling over $1.2 billion, including earnings from foreign business activities, speaking fees, and NFT transactions. Description Former President Donald Trump has disclosed new details about CIC Digital LLC, a company that receives licensing fees for using his likeness on non-fungible tokens (NFTs). According to a revised financial filing submitted by Trump on July 13, CIC Digital LLC holds an Ethereum wallet with an estimated value ranging from $250,000 to $500,000, while … Read more Former President Donald Trump has disclosed new details about CIC Digital LLC, a company that receives licensing fees for using his likeness on non-fungible tokens (NFTs). According to a revised financial filing submitted by Trump on July 13, CIC Digital LLC holds…

    Article 2023年7月15日
  • How US’s 2025 accounting rules will be for crypto firms

    TL;DR Breakdown In 2025, the Financial Accounting Standards Board (FASB) will introduce new accounting standards for cryptocurrency enterprises. Previously, companies had to bear crypto impairment losses on their balance sheets, even if the asset’s value recovered. The new “fair value” accounting method will reflect an asset’s current market value and other relevant factors. Description 2025 is right around the corner and with it comes a seismic shift in the U.S. accounting world. The Financial Accounting Standards Board (FASB), the pivotal body responsible for sculpting accounting standards for businesses adhering to the U.S. Generally Accepted Accounting Principles (GAAP), has decided to stir the pot a bit. These game-changing mandates set … Read more 2025 is right around the corner and with it comes a seismic shift in the U.S. accounting world. The Financial Accounting Standards Board (FASB), the pivotal body responsible for sculpting accounting standards for businesses adhering to the U.S. Generally Accepted Accounting Principles (GAAP), has decided to stir the pot a bit. These game-changing mandates set for cryptocurrency enterprises are about to redefine how crypto assets feature on the…

    Article 2023年9月7日
  • Russian banks face prolonged SWIFT disconnection

    TL;DR Breakdown The European Union (EU) has indicated that it will not permit Russian banks to reconnect to the SWIFT banking system in the near future. The decision is directly linked to the ongoing Russia-Ukraine conflict, and the removal or softening of these sanctions is contingent on the resolution of this conflict. This disconnect from SWIFT has pushed the country to de-dollarize its economy and find alternative methods to make and receive international payments. In an unfolding scenario that further isolates Russia from the global banking system, the European Union (EU) has signaled it won’t be permitting Russian banks to re-establish links with the Society for Worldwide Interbank Financial Telecommunications (SWIFT) in the near future. Peter Stano, spokesperson for the EU’s external affairs, was unequivocal in his statement, clarifying that any relaxation of these sanctions would depend on the cessation of conflict between the country and Ukraine. Russia’s SWIFT sanctions and the black sea grain deal The SWIFT system, a cornerstone of global finance, facilitates cross-border payments through local banking accounts. The recent EU decision came as a response to…

    Article 2023年5月25日
  • Elon Musk sues U.S. government – Here is why

    TL;DR Breakdown Elon Musk’s SpaceX has filed a lawsuit against the U.S. Government in Texas. The lawsuit challenges the U.S. Department of Justice (DOJ) administrative judges’ appointment process in handling employment bias cases involving immigrants. SpaceX believes this process denies them a fair trial as outlined in the Constitution. Description The tug-of-war between visionary entrepreneur Elon Musk’s aerospace manufacturer, SpaceX, and the U.S. Government reached a tipping point as the rocket mogul filed a lawsuit in Texas. At the heart of this dramatic legal standoff lies an accusation that the U.S. Government, through its administrative avenues, is infringing upon constitutional rights—specifically, by questioning SpaceX’s hiring … Read more The tug-of-war between visionary entrepreneur Elon Musk’s aerospace manufacturer, SpaceX, and the U.S. Government reached a tipping point as the rocket mogul filed a lawsuit in Texas. At the heart of this dramatic legal standoff lies an accusation that the U.S. Government, through its administrative avenues, is infringing upon constitutional rights—specifically, by questioning SpaceX’s hiring practices concerning refugees and asylees. Questioning the Fairness of the Trial While Musk and his space conglomerate…

    Article 2023年9月20日
TOP