The Ultimate Hedger: Why Vietnam Is Thriving Amid Global Disorder
Vietnam responded to U.S. tariffs and Chinese pressure by intensifying its hedging strategy rather than aligning with any great power. Its exports and GDP grew strongly in 2025 and 2026, and it reached a tariff deal with the United States while refusing restrictions on ties with China and expanding engagement with China and Russia.
Why it matters: Vietnam’s success shows that hedging remains a viable strategy for middle powers amid global disorder.