Hanoi plays at balancing ties with China and the US with aplomb
Its latest trick is "transactional diplomacy", cribbed from Trump's playbook.
THE Vietnamese prime minister is adopting the American president's "transactional diplomacy": Hanoi is linking the economic deals that President Donald Trump desires from Vietnam with concrete US support in its maritime dispute with its giant northern neighbour, China.
Vietnam has recently activated its "multi-directional" principle of foreign policy, based on "national interest", on the big stage of the White House, as each leader is extracting what he wants from the other.
Prime Minister Nguyen Xuan Phuc became the first South-east Asian leader to meet President Trump on May 31. It emerged from the meeting that Hanoi could be an essential American ally for the right price.
TRENDING NOW
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Stocks to watch: Jardine Cycle & Carriage, Creative Technology, CNMC Goldmine
Malaysia’s Genting posts Q2 net loss despite 14% rise in revenue