While many experts are pronouncing the demise of the American era and the rise of China, other East Asian nations complicate the picture. As America continues to participate and extend its influence in the dynamic Asian market, there may be no more suitable ally than its old antagonist, Vietnam.
In some senses, Vietnam has emerged as the un-China, a large, fast-growing country that provides an alternative for American companies seeking to tap the dynamism of East Asia but without enhancing the power of a potentially devastating global competitor. With 86 million people, Vietnam may not offer as large a market, but it has strong historical, cultural, and strategic reasons to lean towards America.
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