By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Vietnam and the art of not choosing
News

Vietnam and the art of not choosing

News Room
Last updated: 2024/02/23 at 10:33 PM
By News Room
Share
6 Min Read
SHARE

Stay informed with free updates

Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox.

The trick, when crossing the road in Hanoi, is to avoid sudden movements or pauses. At the same time, total obliviousness to the traffic isn’t advisable either. So, who takes precedence? The pedestrian, of course, who must be worked around. But also the motorist, at least those on two wheels, whose imperial status doesn’t stop at the kerb. It is an “and” thing, not an “or” thing. 

But then what isn’t here? This is the Socialist Republic of Vietnam and a prolific signer of free-trade deals. (A serene Ho Chi Minh gazes at me from the banknotes with which I settle a bar bill. Up the street is a Bang & Olufsen.) This knack of living in two mental worlds at the same time goes all the way to the top. 

If south-east Asia is the hinge in the US-China tussle, Vietnam has a fair claim as the hinge of the hinge. In 2023, the Lowy Institute in Sydney assessed that no state in the region was more equidistant between the two powers — diplomatically, culturally, militarily, commercially — except Singapore, which has 5mn people to Vietnam’s almost 100mn, and the Philippines, which has since tilted west under Ferdinand Marcos Jr. Thailand was level with Vietnam as a fence-sitter. The rest of the region? Ever more China-permeated. 

If the last century belonged to absolute ideas — Eric Hobsbawm called it the “age of extremes” — this one is testing almost the opposite intellectual faculty: that of doubt and modulation rather than commitment. With the US far down from its peak share of world output, and with China accounting for less than that, so much of the planet could be viably “non-aligned” as to make the term itself redundant. 

If south-east Asia is the hinge in the US-China tussle, Vietnam has a fair claim as the hinge of the hinge

But not without effort. A difficult state of mind to achieve is the one John Keats described as “negative capability”. This is a tolerance and even active preference for nuance. (F Scott Fitzgerald called it the holding of “two opposing ideas” at once, although the full quote has a clunkiness so unlike him.) It is said to be a mark of intelligence. It isn’t. Lots of first-class minds are dogmatic. But it is a test of fortitude: of one’s willingness to navigate life without the reassuring map of doctrine. 

The good and the ambiguous tend to coincide. Unplanned cities are more beguiling, at least to me, than grid-based or architecturally coherent ones. In art, virtually the definition of badness, of hackery, is work whose meaning is too clear. The best romances can be hard to place on the spectrum from overnight tryst to outright coupledom: long enough for the two people to bond, but not long enough for mutual boredom to set in. Yet, in each of these cases, doubt can be intolerable, too. (Think of the popular dislike of non-figurative art, or the eternal refrain of “Where is this going?”.) There is a demand for sure things amid the flux of human experience. 

Now consider how much stronger that demand is when the stakes are geopolitical. Consider how much harder it is to remain ambiguous. The more time passes since Brexit, the more wowed I am by the four decades before it. What an act of negative capability it was, on a national scale, to be in but not quite of the EU, to co-author the single market but abstain from the euro, to observe free movement but not Schengen. In the end, the strain of inhabiting those half-worlds was too much, and Britain preferred something worse but clearer. That choice is easier to understand now. But it leaves me all the more curious about countries that do maintain a poise, especially if the forces bidding for their commitment are more intimidating than Brussels.

Sometimes audible through the Hanoi traffic is that signifier of a non-aligned nation in 2024: ambient Russian voices. I fly out wondering if it can last, this masterclass in not choosing, between market and state, between the west and its rivals, right up to the ancient question, hot again in the strategy world, of whether Vietnam should have a continental or maritime orientation. Its experience of territorial invasion suggests the first. Some 2,000 miles of coastline suggests the second. Cash spent on a tank is cash not spent on a ship. Even in south-east Asia, there’s a limit to how much one can “and” the world away.

Email Janan at [email protected]

Find out about our latest stories first — follow @FTWeekend on Instagram and X, and subscribe to our podcast Life & Art wherever you listen



Read the full article here

News Room February 23, 2024 February 23, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
US job cuts surge to highest January total since 2009

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Bitcoin falls, Trump says he knows who the next Fed chair will be, Cyber Monday expectations

Watch full video on YouTube

Why Europe Is So Important To A Warner Bros. Discovery Deal

Watch full video on YouTube

Trump’s border tsar announces withdrawal of 700 federal agents from Minneapolis

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Bitcoin falls below $86K, Gold and silver rise on Fed rate cut optimism, Fed rate hopes and markets

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

US job cuts surge to highest January total since 2009

By News Room
News

Trump’s border tsar announces withdrawal of 700 federal agents from Minneapolis

By News Room
News

Gold slides as rally loses steam

By News Room
News

Golden Buying Opportunities: Deeply Undervalued With Potential Upside Catalysts

By News Room
News

NewtekOne, Inc. (NEWT) Q4 2025 Earnings Call Transcript

By News Room
News

Tesla lurches into the Musk robotics era

By News Room
News

Keir Starmer meets Xi Jinping in bid to revive strained UK-China ties

By News Room
News

Canadian Pacific Kansas City Limited (CP:CA) Q4 2025 Earnings Call Transcript

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?