• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Global fashion retailer closing all stores after 33 years

June 3, 2026

Democrats see the stars aligning in Iowa

June 3, 2026

Actor Richard Gere Unleashes Deranged Rant on ‘Maniac’ Trump in Norway: ‘Dictatorship of Monsters’

June 3, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Wednesday, June 3
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Democrats see the stars aligning in Iowa

    June 3, 2026

    Trump Says Congressman Missing For Months Is ‘Working Tirelessly’ In Glowing Endorsement

    June 3, 2026

    Trump-backed Rep. Randy Feenstra loses Iowa governor primary

    June 3, 2026

    Congress Discreetly Moves To Merge US Military Even Closer To Israel’s

    June 3, 2026

    Democrats To Force Vote To Kill Trump’s Slush Fund And Immunity Scheme

    June 3, 2026
  • Health

    New Medicaid work requirements ‘not a realistic and successful strategy’

    June 3, 2026

    New Study Shows How mRNA Vaccines Could Transform Cancer Treatment

    June 3, 2026

    The Uncomfortable Truth MAHA Is Exposing About US Healthcare

    June 3, 2026

    How Decision Fatigue Affects Financial Decisions

    June 3, 2026

    The Current Ebola Outbreak Is A Global Threat. A Doctor Explains

    June 3, 2026
  • World

    Exclusive — Aaron Masaitis Explains How Bulgaria Could Be ‘Grand Central Station’ for U.S. Energy to Eastern Europe

    June 3, 2026

    James Carville Floored By Trump’s Latest Message: ‘It’s Very Unique…’

    June 3, 2026

    Zohran Mamdani to Boycott Annual NYC Celebration of Israel

    June 3, 2026

    Bluetooth Network Name Disrupts United Airlines Flight To Spain

    June 3, 2026

    Anti-ICE Radicals Plot to Disrupt Turning Point Women’s Summit in San Antonio Following Bomb Threat Arrest

    June 3, 2026
  • Business

    Patagonia Begs Drag Queen Influencer To Stop Allegedly Using Their Logo

    June 3, 2026

    First Quarter GDP Revised Downward As Voters Fret Over Economy

    May 28, 2026

    Cash Drain On Americans’ Savings Accounts Nears Great Recession Levels

    May 28, 2026

    US Voters’ Confidence In Economy Nosedives To Nearly 4-Year Low

    May 22, 2026

    Elon Musk On Track To Be World’s First Trillionaire After Latest Move

    May 21, 2026
  • Finance

    Global fashion retailer closing all stores after 33 years

    June 3, 2026

    Behind the Ticker: FMTM MarketDesk

    June 3, 2026

    Dear Microsoft Stock Fans, Mark Your Calendars for June 2

    June 3, 2026

    Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author

    June 3, 2026

    Ballard Power (BLDP) Posts Revenue Growth and Third Straight Positive Gross Margin Quarter

    June 3, 2026
  • Tech

    Sam Altman and OpenAI Concealed ChatGPT Safety Concerns

    June 3, 2026

    Five Action Items on AI to Start Right Now

    June 3, 2026

    Disney Employees Reportedly Disturbed by Senior Executive’s Relationship with AI Chatbot: ‘You Are My Son’

    June 3, 2026

    Trump Signs Executive Order Asking for Oversight of New AI Models

    June 3, 2026

    Meta’s Support Chatbot Helped Hijack High-Profile Instagram Accounts Including Obama White House

    June 2, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»High-Tech Supply Chains and the US-Vietnam Upgrade
Finance

High-Tech Supply Chains and the US-Vietnam Upgrade

September 25, 2023No Comments7 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
High-Tech Supply Chains and the US-Vietnam Upgrade
Share
Facebook Twitter LinkedIn Pinterest Email
Advertisement

The Diplomat author Mercy Kuo regularly engages subject-matter experts, policy practitioners and strategic thinkers across the globe for their diverse insights into U.S. Asia policy. This conversation with Dr. Alexander Vuving  –  professor at College of Security Studies at the Daniel K. Inouye Asia Pacific Center for Security Studies and editor of “Hindsight, Insight and Foresight: Thinking about Security in the Indo-Pacific” (APCSS 2020)  – is the 384th in “The Trans-Pacific View Insight Series.”

In 2021 you predicted that the U.S. and Vietnam would become strategic partners. What surprised you most about the outcome of the recent bilateral relations upgrade? 

It was not a “normal” upgrade, but a double upgrade from a mere “comprehensive partnership” to a full “comprehensive strategic partnership,” skipping the mid-level “strategic partnership” in between. Most observers think the United States and Vietnam strengthened their ties as a counterweight to China’s growing power. But if only for Beijing’s assertiveness, Hanoi would have insisted on a “normal” upgrade by one notch to a “strategic partnership.” 

What really convinced the Vietnamese to “leapfrog,” I think, is the U.S. offer to turn Vietnam into a major high-tech and semiconductor hub in the U.S.-friendshored supply chains. U.S. assistance for Vietnam to acquire the technology, know-how, capital, and market access necessary for this ambition is a key promise in the elevated U.S.-Vietnam comprehensive strategic partnership. This offer became palpable only this year, after the trips to Hanoi by U.S. Treasury Secretary Janet Yellen, U.S. Trade Representative Katherine Tai, and several U.S. corporate delegations.

How will both countries benefit from the new “comprehensive strategic partnership” designation? 

Enjoying this article? Click here to subscribe for full access. Just $5 a month.

This designation creates a framework for the bilateral relationship. The benefits it brings are mostly intangible and long-term in nature. One of the most palpable benefits of the new designation is for the U.S.: it signals to the entire political system in Vietnam that Washington is now a “comprehensive strategic partner” on a par with Hanoi’s long-time friends Beijing and Moscow. Besides this heightened respect, it also indicates that Vietnam no longer sees the U.S. as a threat to its Communist regime. Consequently, Hanoi will treat Washington far more favorably in the future. 

See also  Ballooning Electric Vehicle Supply Far Outstrips Demand

The elevated partnership will also bring huge benefits to Vietnam. It signals to the business world that Vietnam is a preferred destination in the U.S. “friendshoring” policy. Investors tied to the U.S. market would get political insurance if they anchor their supply chains to Vietnam. This is extremely important for companies caught in the U.S.-China rivalry, firms that are involved in the production, and trade of strategically critical goods such as semiconductors.

Explain Hanoi’s strategic calculus and geopolitical messaging in upgrading relations with Washington.

Advertisement

Vietnam is faced with absolute uncertainty when entering Cold War 2, the new era of heightened rivalries between the great powers. So it needs to broaden its hedge. In December 2021, Vietnam Communist Party chief Nguyen Phu Trong likened the ideal Vietnamese foreign policy to bamboo for its flexibility and resilience. The elevated partnership with the U.S. is meant to maximize Hanoi’s flexibility in dealing with the great powers. Having “comprehensive strategic partnerships” with all three great powers – the U.S., China, and Russia – Vietnam thinks it can move freely between them. It can take a side that best suits its interests without taking sides in the great power competition. 

This requires that the game Hanoi plays between the great powers is not zero-sum. So Hanoi took pains to show Beijing and Moscow that progress in its relations with Washington didn’t harm its relations with the former. It also tried hard to show Washington that its good ties with Beijing and Moscow were not detrimental to U.S.-Vietnam relations. So a central message Hanoi wants to send is that it’s not playing a zero-sum game between the great powers, and if it takes the side of a great power [on one issue], that doesn’t mean it takes sides in their rivalry.

See also  Tesla scores blue chip status after Moody's debt upgrade

This game, in turn, requires very adroit bamboo diplomacy. It’s a big question mark whether this approach is sustainable in the long run given the growing chasm between China and Russia on the one hand and the West on the other. If Vietnam’s location were not very strategic, the great powers may be willing to tolerate this geopolitical promiscuity in the long term. But I fear Vietnam’s location may be too strategic for that to happen.

What is the potential impact of upgraded bilateral relations on regional security dynamics and economic integration?

The upgrade will affect the regional balance of power. Vietnam and the United States share the strategic objectives of denying Chinese dominance in Southeast Asia and maintaining an international order based on neutral rules in the South China Sea. The elevated U.S.-Vietnam partnership will throw more weight on this side of the balance of power. 

On the economic front, this partnership will create some tailwinds for the U.S. “friendshoring” policy. It will give a boost to the restructuring of the global supply chains away from China toward some U.S.-friendly countries.

Assess the factors and timing behind Washington’s decision to elevate strategic engagement with Hanoi and implications for U.S. and Vietnamese leadership in the Indo-Pacific.  

Enjoying this article? Click here to subscribe for full access. Just $5 a month.

The ultimate factor driving the strategic engagement between Washington and Hanoi is the rise of Beijing’s power. On the one hand, China’s expanding influence in the South China Sea, Cambodia, and Laos caused Vietnam to move closer to the U.S. On the other hand, China’s threat to U.S. global power caused the U.S. to strengthen ties with countries most committed to resisting China and to “friendshore” its supply chains. Vietnam is such a country given its commitment to denying Chinese dominance, its strategic location at China’s southern gateway and along the busiest trade route between the Pacific and the Indian Ocean, and its impressive economic potential. All these strategies converged into an elevated U.S.-Vietnam partnership.

See also  Oil dips as surprise US crude stockbuild faces supply cuts

The timing of the elevation was, however, more complicated. Washington had pursued a strategic partnership with Vietnam since 2010, but Hanoi only ceased to resist this offer in 2018. The two had plans to upgrade their ties at the second visit to the White House by VCP chief Trong in late 2019, but this never materialized due to Trong’s inability to travel. The upgrade must be announced by the top leaders of both countries, the U.S. president and the VCP general secretary. Thus, it was delayed by the COVID-19 pandemic. 

Then the U.S.-Russia hostility following Russia’s invasion of Ukraine in 2022 prompted Vietnam to shelve the upgrading of its ties with the U.S. because Hanoi needed to demonstrate its commitment to Moscow, among other commitments. The upgrading could only happen after Moscow was convinced of Hanoi’s loyalty and Beijing was reassured of Hanoi’s intentions.

Advertisement

While Hanoi took pains to convince Moscow and Beijing that its elevated partnership with Washington would not harm its ties with them, this is still a big diplomatic victory for the U.S. It shows that the United States is able to attract even a long-time friend of China and Russia and turn an enemy into a friend. This ability to attract, or soft power, is extremely important for U.S. leadership in the international arena.  

The new partnership with the U.S. also vastly elevates Vietnam’s standing in the world. Hanoi is now one of the few capitals in Asia that can maintain close relationships with all great powers. The elevated U.S. ties also significantly improve Vietnam’s place in the global supply chains and in the long run, also Vietnam’s place in the global value chains.

Chains Hightech supply Upgrade USVietnam
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Global fashion retailer closing all stores after 33 years

June 3, 2026

Behind the Ticker: FMTM MarketDesk

June 3, 2026

Dear Microsoft Stock Fans, Mark Your Calendars for June 2

June 3, 2026

Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author

June 3, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Majority Of Small Businesses Not Seeing Holiday Bump As Consumers Run Out Of Cash: POLL

December 19, 2023

Actor Robert Blake Dead At Age 89

March 10, 2023

Tiger Woods, Nike Could End Longtime Partnership by the End of the Month

December 6, 2023

College Golf Star Disqualifies Himself from U.S. Open Over Accidental Rules Violation No One Saw

May 12, 2023
Don't Miss

Global fashion retailer closing all stores after 33 years

Finance June 3, 2026

Another well-known retail name is set to disappear from high streets as ongoing financial pressure…

Democrats see the stars aligning in Iowa

June 3, 2026

Actor Richard Gere Unleashes Deranged Rant on ‘Maniac’ Trump in Norway: ‘Dictatorship of Monsters’

June 3, 2026

Sam Altman and OpenAI Concealed ChatGPT Safety Concerns

June 3, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,372)
  • Entertainment (4,866)
  • Finance (3,632)
  • Health (2,189)
  • Lifestyle (1,890)
  • Politics (3,428)
  • Sports (4,375)
  • Tech (2,204)
  • Uncategorized (4)
  • World (4,704)
Our Picks

China’s Draft Criminal Law Amendment Eyes Corruption in Private Firms

August 1, 2023

Dow Jones Futures: Microsoft, Google, Meta Earnings Are Big Test For AI, Market Rally

July 22, 2023

Fox Orders ‘Stars on Mars’ Reality Show With William Shatner

April 13, 2023
Popular Posts

Global fashion retailer closing all stores after 33 years

June 3, 2026

Democrats see the stars aligning in Iowa

June 3, 2026

Actor Richard Gere Unleashes Deranged Rant on ‘Maniac’ Trump in Norway: ‘Dictatorship of Monsters’

June 3, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.