Reflecting on Vietnam’s challenges—economic scarcity, limited opportunities, and a slow but steady opening to the global stage—I often pondered what it would take to foster mutual benefits between our two nations, rather than perpetuating the usual outsourcing of American jobs.
Vietnam’s resilience and adaptability have positioned it as one of the region’s most promising technological innovation and manufacturing growth destinations.
That transformation signals a powerful truth: Nations committed to change can achieve mutual benefit. Today, Vietnam is ready for deeper trust, engagement, and partnership with the United States, particularly under the “America First” agenda.
Vietnam’s Economic Rise Amid US-China Trade Shifts
China’s aggressive trade policies and tariffs have accelerated Vietnam’s rise as a manufacturing powerhouse.
Companies seeking to reduce their reliance on China are turning to Vietnam for its skilled workforce, competitive labor costs, and pro-business reforms. This shift presents a unique opportunity for the U.S.
The U.S. can leverage this momentum by supporting Vietnam’s economic growth to attract Vietnamese investments into American markets. Many Vietnamese businesses are eager to expand internationally, and fostering bilateral investment creates jobs for Americans while strengthening economic ties.
A prime example of this dynamic is VinFast, the Vietnamese automaker creating jobs in the U.S. through its electric vehicle expansion.
Vietnam’s Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) membership further underscores its commitment to high-standard trade practices. This alignment offers a blueprint for more profound bilateral agreements that reduce U.S. trade deficits and foster resilient supply chains.
Vietnam’s Potential Role in US Indo-Pacific Strategy to Curb China
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