Commentary: Xi Jinping’s visit to Vietnam is not all about Donald Trump

VIETNAM’S SUBTLE SHIFT
Xi’s attend offered Vietnam an opportunity to stable Chinese support for its ambitious growth plan. Foremost among Hanoi’s priorities is advancing investment-led rise over the coming century, enabling improved system assistance with China.
While Vietnam has usually approached China ’s Belt and Road Initiative with precaution, recent developments suggest a simple change.
This is reflected in various cooperation agreements signed during Xi’s attend, covering road transportation, energy infrastructure, seaports, logistics, aviation, and somewhat, the establishment of a joint committee on railway cooperation.
The committee’s concern is the development of cross-border trains linking China to major cities in north Vietnam, with Chinese technical support and concessional loans. This time around, Hanoi has clearly emphasised China ’s technology transfer and capacity building, aiming to increase domestic firms ’ involvement in its upcoming premier task: the North-South high-speed rail.
Another key priority for Hanoi is increasing Vietnamese firms ’ integration into high-value supply chains in sectors where China already commands technological and industrial leadership, such as high-speed railways, artificial intelligence, and green technologies.
Like China, Vietnam is nurturing its national economic champions, including Viettel and FPT in tech sectors, VinFast in EVs and Hoa Phat in steelmaking. Vietnamese leaders are intent on steering these firms beyond being mere technology adopters to become technology innovators capable of capturing greater value shares, particularly in Vietnam’s rapidly expanding market.