International security
After a period of broken diplomatic ties following the end of the Vietnam War in 1975, the United States and Vietnam re-established formal diplomatic relations in 1995. Since then, the two nations have built increasingly close strategic and economic ties, to the point that Hanoi is now one of the United States’s closest security partners in Asia. With a professional military and a highly strategic location, Vietnam is gradually becoming as important to U.S. security interests in the region as longtime allies and partners like Thailand and Malaysia. In addition, Vietnam’s economy, which has significant room for expansion, is far more attractive to new investors than Thailand, where foreign investment dropped by roughly 90 percent year-on-year in 2015. Despite being authoritarian, Vietnam is also—for now—relatively stable, compared to countries in the region that have undergone troubled attempts at democratization, like Thailand and Malaysia.
After a period of broken diplomatic ties following the end of the Vietnam War in 1975, the United States and Vietnam re-established formal diplomatic relations in 1995. Since then, the two nations have built increasingly close strategic and economic ties, to the point that Hanoi is now one of the United States’s closest security partners in Asia. With a professional military and a highly strategic location, Vietnam is gradually becoming as important to U.S. security interests in the region as longtime allies and partners like Thailand and Malaysia. In addition, Vietnam’s economy, which has significant room for expansion, is far more attractive to new investors than Thailand, where foreign investment dropped by roughly 90 percent year-on-year in 2015. Despite being authoritarian, Vietnam is also—for now—relatively stable, compared to countries in the region that have undergone troubled attempts at democratization, like Thailand and Malaysia.
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