The world is being increasingly divided, mainly between the West and China/Russia, who are all major trading partners with Vietnam. This geopolitical turbulence could pose challenge to our diplomacy and economy.
Diplomacy-wise, we need to be careful to not align with one against another, and we should avoid being forced to take a side. As long as we know what cards we have, this challenge should be overcome.
Economy-wise, unstable geopolitics create unstable global economy. This chaos may cause difficulty to the most economically vulnerable in Vietnam. Both the USD and the VND may continue to fall, causing inflation. Our central bank need to have a good fiscal policy to stabilize our economy.
Thanks 😊 While I have you here, I read the other day that in 1949, during the first indochina war, Vietnam worked to liberate border towns with China in the far north so that the new PRC could send military aid, cadres (for training), etc. Do you know if this is true by any chance?
Probably? Our history textbook doesn’t mention any thing like it, but there are a lot of hidden histories between the 2 parties that I only know thanks to my father’s retelling.
The world is being increasingly divided, mainly between the West and China/Russia, who are all major trading partners with Vietnam. This geopolitical turbulence could pose challenge to our diplomacy and economy.
Diplomacy-wise, we need to be careful to not align with one against another, and we should avoid being forced to take a side. As long as we know what cards we have, this challenge should be overcome.
Economy-wise, unstable geopolitics create unstable global economy. This chaos may cause difficulty to the most economically vulnerable in Vietnam. Both the USD and the VND may continue to fall, causing inflation. Our central bank need to have a good fiscal policy to stabilize our economy.
Thanks 😊 While I have you here, I read the other day that in 1949, during the first indochina war, Vietnam worked to liberate border towns with China in the far north so that the new PRC could send military aid, cadres (for training), etc. Do you know if this is true by any chance?
Probably? Our history textbook doesn’t mention any thing like it, but there are a lot of hidden histories between the 2 parties that I only know thanks to my father’s retelling.
I’ll double-check my source then, just to make sure I’m not saying any bullshit