Digital bamboo diplomacy aims to position Vietnam as new hub of global technological developments.
The backdrop for the emergence of digital bamboo diplomacy is the deepening of Sino-American techno-decoupling, particularly in the tech sector. As tensions rise between the USA and China, many tech companies are seeking to preserve their supply chains by relocating production facilities to other Asian countries, with Vietnam being a prime beneficiary. For instance, Google has shifted the production of its latest Pixel smartphones from China to Vietnam. Similarly, microprocessor giants like Qualcomm have opened research and development centres in the country, and Intel has announced a substantial investment of USD 3.3 billion.
Vietnamese diplomacy is crucial in facilitating this digital shift. Traditional bamboo diplomacy, characterised by its flexibility and adaptability, is now infused with a digital edge. This new form of diplomacy ensures that Vietnam remains an attractive destination for digital and AI partnerships, fostering an environment encouraging technological innovation and investment.
Vietnam’s strategic involvement in regional trade and digital initiatives further cements its role in the digital arena. The country is part of significant agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). These initiatives boost Vietnam’s economic prospects and enhance its diplomatic standing in the digital world.
Despite these challenges, the emergence of digital bamboo diplomacy signifies a promising future for Vietnam. The upcoming UN Cybercrime Convention in 2025, to be signed in Hanoi and named the Hanoi Convention on Cybercrime, is a testament to Vietnam’s growing influence in the digital domain. As Vietnam continues to navigate the complexities of digital diplomacy, it stands poised to play a significant role in shaping the future of technology in Asia.
The time is ripe for Vietnam to assert its place on the global tech stage, and digital bamboo diplomacy is important to unlocking this potential.