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Vietnam’s Fast-Track Innovation Boosts Economic Ties with the US

As Washington seeks to counter China’s rise and threats to security in the South China Sea, it has not hesitated to seek Vietnam’s friendship and cooperation. According to James Borton of the School of Advanced International Studies at Johns Hopkins University, it matters that the US-China confrontation over technology involves economic, security and political issues that are difficult to untangle. Despite Vietnam’s own authoritarian political system, the lack of an independent media and new rules requiring foreign tech companies to store user data, the nation’s innovation strategy is proving to be a direct beneficiary of increasing US tech cooperation opportunities in green energy, nano and electronic technology, biotechnology, hi-tech-agriculture, solar energy and electric vehicles (EVs) as more US companies decouple from Beijing’s onerous zero-Covid policy, weakened economy and rising labor costs.

Read the full article on Asia Global Online

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