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Chinese investment and influence in Vietnam continues to be blocked. It is the only country in South East Asia that has broken away from the Asian superpower.
Why is this important?
In 2013, China launched a new foreign strategy called the New Silk Road or Belt and Road Initiative (BRI). Through this strategy, China offered to build infrastructure projects and extend loans to other countries to benefit China’s trade and economy. China has also gained international influence. Many countries from the Global South joined, but China’s neighbor and communist country, Vietnam, withdrew.Essence: Many Southeast Asian countries welcomed the Chinese initiative with open arms, but Vietnam did not like it.
- Vietnam’s China policy is unique in the Southeast Asian region. Vietnam tries not to back itself into a corner of talking negatively about China, but it refuses to depend on economic ties. reports that Asia Times.
- Vietnam, a growing economy in the region, is diversifying its foreign relations
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