Is Vietnam quietly drifting into China's orbit, and what does that mean for the United States and the future of Southeast Asia? Dr. Nguyễn Khắc Giang explains why Hanoi is hedging harder than ever because, as the Vietnamese saying goes, "when the buffaloes and oxen lock horns, the mosquitoes and flies suffer."

In this episode, Ray Powell and Jim Carouso sit down with Dr. Giang, Visiting Fellow at the ISEAS-Yusof Ishak Institute, to unpack his provocative Carnegie essay, "Why Vietnam Is Swinging in China's Direction." Giang argues that Vietnam isn't becoming pro-China, it's hedging in a world where US policy feels unpredictable and China is offering concrete benefits: market access, infrastructure, technology, and political reassurance.

The conversation moves from geopolitics to economics: US tariffs, transshipment concerns, V ...