Vietnam's richest man is launching an ambitious—and controversial—gambit to sell Americans electric cars
in the U.S. through AT&T. Instead, the conglomerate said it wanted to “mobilize all resources” into VinFast.
Vuong’s discretion mirrors that of Vietnam’s government, which has long rooted its security in maintaining relations with all great powers, and is especially wary of enraging the Asian superpower to its north. For Vietnam’s leaders, Putin’s invasion of Ukraine was seen as “validation of their approach to China,” says Alexander Vuving, a professor at the Asia Pacific Center for Security Studies in Hawaii.
Interior details of a VinFast EV VF8 car on display for selected guests in Vinpearl Nha Trang on July 8.Geopolitics underpins the U.S. position too. As Washington’s relations with Beijing enter a deep freeze, the White House is keen to cement ties across the Asia-Pacific—even though, politically at least, China and Vietnam are very similar beasts: regimes ruled by communist parties with scant respect for rule of law or human rights.
Any geostrategic ambitions Vietnam harbors are reserved for its own neighborhood, chiefly retaining influence in Laos and Cambodia. “China is competing strategically with the United States; Vietnam is cooperating strategically with the United States,” says Vuving. Vietnam also frequently clashes with Beijing over disputed islands in the resource-rich South China Sea, and memories of China’s ill-fated invasion of 1979 burn brighter than those of American misadventure in the region.
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