Today, the Vietnamese diaspora is a force of around 5m people, living and working everywhere from America to eastern Europe.

With just weeks left, Philippine industries are pushing to lower US tariffs to 10% as Vietnam and Indonesia secure trade deals, citing risk to garments, semiconductors.

Vietnam finds itself caught between its two biggest trading partners as the Trump administration tries to stop Chinese exporters using Vietnam as a way station.

Bilateral deals may offer tactical wins, but durable stability will come from joint rules, shared mechanisms and sustained ...