Le Hong Hiep

Fellow, ISEAS - Yusof Ishak Institute

Dr Le Hong Hiep is a fellow at the ISEAS - Yusof Ishak Institute, Singapore, and the author of Living Next to the Giant: The Political Economy of Vietnam’s Relations With China Under Doi Moi.

A woman walks past Vietnam national flags along a street in Hanoi, 18 May 2020. (Nhac Nguyen/AFP)

Foreign investors exiting China: Vietnam milks the gains

Vietnam stands to benefit from MNCs’ efforts to diversify their production base beyond China. How much it will actually benefit, however, depends on how fast it can roll out measures to further improve its infrastructure and business environment.
The USS Theodore Roosevelt (CVN-71) is pictured as it enters the port in Da Nang, Vietnam, on 5 March 2020. (Kham/Reuters)

US aircraft carrier visit and Vietnam's delicate balancing act

This week, the USS Theodore Roosevelt will become the second US aircraft carrier to visit Vietnam since the end of the Vietnam War. While it is in Vietnam's interest to maintain a stable relationship with China due to strong economic ties, on matters of strategic interest, Vietnam finds no other power more compatible to work with than the US, to create a counterbalance against China.