Vietnam Courts US and China Amid Geopolitical Rivalry
Maintaining Multipolar Foreign Policy, Vietnam Signs Strategic Partnerships with Both Nations
- China's President Xi Jinping and US President Joe Biden are courting Vietnam, with both nations signing strategic partnerships with the Southeast Asian country.
- Vietnam is advised to maintain its multipolar foreign policy strategy, acting in its own best interests and using its influence to bring the US and China closer on global issues.
- Vietnam's economy is expected to grow by 5% this year, attracting foreign direct investment from major companies like Intel, Apple, and Nvidia.
- China and Vietnam have signed 37 agreements, including China funding a cross-border railway and holding joint maritime patrols.
- Vietnam's 'bamboo diplomacy', a policy of balancing competing geopolitical interests, is seen as a key factor in its successful navigation of relationships with major powers.
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