Vietnam rings in the new year with a fireworks show in the city center of Hanoi on Jan. 1, 2021.
(Linh Pham/Getty Images)
Vietnam is well-positioned to reap the economic and political rewards of continued U.S. pressure on China over the next year, as the world gradually emerges from the COVID-19 crisis. The administration of U.S. President Joe Biden’s continued hardline stance toward China will present Vietnam with new opportunities to counterbalance Beijing -- and with fewer pitfalls, as Biden will ease his predecessor’s trade pressure on Hanoi. Supported by this strengthening U.S. relationship and its own domestic political stability, Vietnam will provide an attractive alternative to China for manufacturing supply chains. The Biden administration’s more measured and less overtly confrontational stance toward China will also enable the Vietnamese government to increase outreach to the United States without it being seen as taking an aggressive anti-China stance. ...
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