The global economy is at risk as countries increasingly resort to deglobalization strategies such as reshoring and onshoring, which could lead to economic and security threats in a more fragmented world. The shift towards rival trading blocks has benefited Vietnam economically, with investment flowing into the country as America seeks to decouple from China. There are calls for Vietnam to capitalize on this opportunity and become a manufacturing powerhouse in rare earths, positioning itself as a strong competitor to China. Vietnam's unique advantage in this area has attracted attention, making it a desirable ally in the current superpower rivalry.
Everyone wants to be Vietnam’s friend these days. Few countries are better able to profit from superpower rivalry: https://t.co/5BXxUMEl8S https://t.co/ER3ZQFjSf6
Vietnam should seize the opportunity to take on China and become a manufacturing powerhouse in rare earths, @tculpan writes. It has a unique advantage https://t.co/P0nDvdCZ0i via @opinion
Vietnam should seize the opportunity to take on China and become a manufacturing powerhouse in rare earths, @tculpan writes. It has a unique advantage https://t.co/9zlFMTrrN1
As America seeks to decouple from China, geopolitics is driving investment towards Vietnam. Read how, economically, the country has probably never faced a more benign global environment https://t.co/WsbWMRkFqH 👇
If the world keeps fragmenting into rival trading blocks, the global economy could be seriously damaged. But so far the shift has been good for Vietnam https://t.co/xxh1QK2aVE 👇
By attempting to mitigate security risks through deglobalization (reshoring, onshoring, “friend-shoring”), we risk adding to the economic and security threats presented by a more fragmented world, notes @AtlanticCouncil's @CarlaNorrlof. https://t.co/pUBRQJzvKm