Despite a US-Vietnam trade deal with tariffs, Chinese investment in Vietnam is booming. Chinese manufacturers are relocating to Vietnam to mitigate higher tariffs on goods from China, taking advantage of Vietnam's lower costs and proximity. While this makes Vietnam a key player in global supply chains, it also increases its reliance on Chinese components, complicating the US goal of decoupling nations from China.
https://www.asiafinancial.com/chinese-ai-firms-chipmakers-form-alliance-to-ditch-foreign-tech