Vietnam’s ambitions go beyond mere economic gains, as evidenced by its early involvement in the discussion of the Indo-Pacific Economic Framework for Prosperity (IPEF) launched by the US in May 2022.

When taking the position as one of the 14 founding members of the Indo-Pacific Economic Framework for Prosperity (IPEF) launched by US President Joe Biden in May 2022, Vietnam has shown the world its ambitions to pursue beyond mere economic gains like wider market access and reduced tariffs.