This May 24, 2019, photograph shows garment workers making men's suits in a factory in Hanoi. Vietnam is doing its best to weave its way through the great power competition between China and the United States.
Vietnam shone in the geopolitical spotlight in 2019, writing an economic success story amid global uncertainty over trade, mediating between the United States and North Korea and becoming a key security partner for powers near and far. But as Vietnam prepares for an all-important leadership transition in January 2021, jockeying for influence among domestic political players and major outside powers will test the country's political stability and strategic balance. Such a risk could complicate Vietnam's investment climate at a time when competition is heating up to be the most business-friendly destination in the region....
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