US recovery ripple effect for Vietnam 08:46 | 20/05/2021
Along with many nations, the US economy is recovering, leading to a rise in the demand for goods imported from Vietnam amid the two economies witnessing their heyday in bilateral trade and investment ties on the back of various motives, including a huge recently-enacted fiscal scheme initiated by the US government.
Recent growth in Vietnamese exports is partly being helped by economic recovery in the US. Photo: Le Toan
The rapid pace of vaccinations and massive scale of fiscal stimulus spending will push the global economy, including the American economy, to recover strongly, the Organisation for Economic Co-operation and Development (OECD) said in its Economic Outlook Interim Report on strengthening the recovery released a few weeks ago.
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Maritime Strategy: Maintaining America’s Enduring Strategic Advantage
The Interim National Security Strategic Guidance recently released by the White House calls for the United States to strengthen our country’s enduring advantages to prevail in strategic competitions with China or any other nation.
Throughout our Nation’s history, in peace and in war, a strong Navy, Marine Corps, and Coast Guard have conferred important strategic advantages on the United States in the competitive realm of international relations. The Maritime Services have long served to protect the American people, to promote their wellbeing, to preserve their liberties, and to provide a sure foundation for world order.
The Issue
For too long, U.S. foreign policy has been reactive to violent conflict, deploying troops and civilians at great cost. It is time to refocus on preventing violent conflict and mitigating the adverse effects of fragility. Failure to do so could result in an even more chaotic world and hamper the Biden administration s priorities of renewing democracy, managing the relationship with China and other geostrategic competitors, and addressing climate change.
The Global Fragility Act (GFA) is a real opportunity for the United States to shift how it
approaches violent conflict prevention and mitigation in direct service of the Biden-Harris administration’s foreign policy objectives. Such a shift is critical to achieving these objectives.
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