US Secretary of State Antony Blinken treated to a performance at Binh Minh Jazz Club in Hanoi on April 15, 2023. AFP
US Secretary of State Antony Blinken treated to a performance at Binh Minh Jazz Club in Hanoi on April 15, 2023. AFP
US Secretary of State Antony Blinken treated to a performance at Binh Minh Jazz Club in Hanoi on April 15, 2023. AFP
US Secretary of State Antony Blinken treated to a performance at Binh Minh Jazz Club in Hanoi on April 15, 2023. AFP


Middle powers grappling with US-China rivalry could follow Vietnam's example


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  • Arabic

May 03, 2023

“[We should pursue] long-term stability, future orientation, good-neighbourly friendship and comprehensive co-operation", declared Chinese leader Xi Jinping during his meeting with visiting Vietnamese dignitary Truong Thi Mai in Beijing in late April. China and Vietnam, Mr Xi added, should remain "good neighbours, good friends, good comrades and good partners” in a new brave world.

Truong Thi Mai was no ordinary guest. She is Vietnam’s first woman to become a permanent member of the all-powerful Secretariat of the Communist Party of Vietnam (CPV) in almost half a century. What’s even more poignant, however, was the timing of her visit to Beijing.

It came barely a week after the US Secretary of State Antony Blinken visited Hanoi to mark the 10th anniversary of the comprehensive strategic partnership between the two countries as part of broader efforts to seal a de facto alliance with Vietnam. Back in 2021, Vietnam also made a similar manoeuvre, when Prime Minister Pham Minh Chinh held a high-profile meeting with a special Chinese envoy, Xiong Bo, barely a day before hosting the US Vice President Kamala Harris in Hanoi. The message was unmistakable.

Time and again, the Southeast Asian nation has signalled its unwillingness to side with either of the two superpowers in the Indo-Pacific. To enhance its room for manoeuvre, Vietnam has actively pursued strategic co-operation with “middle powers” from Japan and South Korea to India, Russia and Europe in recent years. The upshot is the emergence of Vietnam as a global economic dynamo and a full-fledged regional power in Southeast Asia. Vietnam’s successful “multi-alignment” strategy holds valuable lessons for nations around the world, including in the Middle East, where regional powers are deftly navigating relations with multiple superpowers.

Chinese communism has deep roots in Vietnam, despite the two countries' complicated relations. AFP
Chinese communism has deep roots in Vietnam, despite the two countries' complicated relations. AFP
The Southeast Asian nation has signalled its unwillingness to side with either of the two superpowers in the Indo-Pacific

The emergence of contemporary Vietnam, built on the ruins of multiple ancient kingdoms, has few parallels anywhere in the world. From its millennia-old struggle with imperial China, to its defeat of Mongol forces in the Middle Ages, a relentless struggle for autonomy has defined Vietnam’s strategic history. If anything, the 20th century proved even more traumatic, as the Southeast Asian nation had to fend off not one, but multiple empires, beginning with colonial France and, shortly after, the Americans.

Just as important to understanding Vietnam’s national psyche, however, is its rollercoaster relations with neighbouring China. Chinese revolutionary communist leader Mao Zedong not only dispatched his finest generals, but also personally oversaw China’s assistance to Vietnamese communist forces’ successful campaigns against colonial France. By 1951, the Vietnamese communists adopted Maoism as a pillar of “the basic theory” of their party.

It didn’t take long, however, before bilateral relations soured, especially as Beijing began to explore a detente with the West in order to confront the Soviet Union, a key patron of Vietnam at the time. The upshot was the 1979 Sino-Vietnamese war, as both Hanoi and Beijing backed competing forces in the broader Indo-China conflict in the twilight decades of the 20th century.

Just as relevant is also Hanoi’s fear of abandonment, which reached its apogee in the late-1970s and throughout the 1980s, when an increasingly enfeebled Soviet Union, then fully embroiled in the Afghan War, struggled to aid its Vietnamese allies. Embittered by such traumatic history, post-Cold War Vietnam embraced a self-consciously “non-aligned” foreign policy posture.

Under the so-called “Four No’s” doctrine, Hanoi shunned, first, siding with any superpower against the other; second, hosting any foreign troops; third, negotiating a mutual defence pact with any foreign power; and fourth, deploying force to achieve foreign policy goals. Meanwhile, Vietnam adopted post-war reforms to rebuild the country through expanded trade and investment with the world.

Over the past two decades, Vietnam has carefully sought to leverage relations with multiple powers to maintain its autonomy. Two of its modern challenges include growing trade dependence on China and festering maritime disputes in the South China Sea.

In response, Vietnam reached out to its former nemesis, the US. First came Hanoi’s decision to join the Trans-Pacific Partnership Agreement (TPP) in late 2000s to diversify its trading partnerships. Then came the signing of a comprehensive strategic co-operation agreement with the Obama administration, followed by the Trump administration’s designation of Vietnam as a “co-operative maritime partner” in the Indo-Pacific.

Economically, Vietnam’s gambit paid off big time. Bilateral trade ballooned to $139 billion last year, making America the largest export destination for Vietnamese manufacturers. In 2022, Vietnam surpassed even the United Kingdom to become one of the US’s top seven trading partners in merchandise. Bilateral defence ties, however, have been hobbled by ideological differences, most notably disagreements with the Biden administration and the US Congress over human rights and democracy issues. The two sides are yet to secure a single major defence deal a decade after signing a comprehensive partnership pact.

Crucially, Vietnam’s communist leadership has also refused to overtly align with the US. If anything, Vietnam’s party chief, Nguyen Phu Trong, was the first foreign leader to visit Mr Xi following the latter’s successful bid for a third term in office. The high-profile visit culminated in 13 major agreements, which aim to enhance bilateral trade and more effectively manage maritime disputes.

Moreover, Vietnam has also refused to side with the West against Russia. By adopting a consciously neutral position on the conflict in Ukraine, it has sought to maintain robust defence ties with Moscow, though western sanctions have complicated this.

Thanks to its “multi-alignment” strategy, Vietnam also enjoys deep strategic and economic ties with a whole host of middle powers, including India (a potential source anti-ship cruise missiles as well as warships), Japan (a major source of maritime security aid), as well as the EU (which has a defence partnership pact with the Hanoi).

The lesson for mid-sized nations and regional powers in other parts of the world, especially in the Middle East, is unmistakable. Vietnam has proven the wisdom of seeking and preserving fruitful ties with multiple superpowers simultaneously. By all indications, Middle Eastern powers seem to be following a similar path, as they deftly cultivate and balance relations with the US, China, India and Russia in an increasingly uncertain geopolitical environment. In many ways, multi-alignment seems to be the name of the game.

Favourite things

Luxury: Enjoys window shopping for high-end bags and jewellery

Discount: She works in luxury retail, but is careful about spending, waits for sales, festivals and only buys on discount

University: The only person in her family to go to college, Jiang secured a bachelor’s degree in business management in China

Masters: Studying part-time for a master’s degree in international business marketing in Dubai

Vacation: Heads back home to see family in China

Community work: Member of the Chinese Business Women’s Association of the UAE to encourage other women entrepreneurs

KEY DEVELOPMENTS IN MARITIME DISPUTE

2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.

2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus

2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.

2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.

2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.

MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press

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Guns N’ Roses’s last gig before Abu Dhabi was in Hong Kong on November 21. We were there – and here’s what they played, and in what order. You were warned.

  • It’s So Easy
  • Mr Brownstone
  • Chinese Democracy
  • Welcome to the Jungle
  • Double Talkin’ Jive
  • Better
  • Estranged
  • Live and Let Die (Wings cover)
  • Slither (Velvet Revolver cover)
  • Rocket Queen
  • You Could Be Mine
  • Shadow of Your Love
  • Attitude (Misfits cover)
  • Civil War
  • Coma
  • Love Theme from The Godfather (movie cover)
  • Sweet Child O’ Mine
  • Wichita Lineman (Jimmy Webb cover)
  • Wish You Were Here (instrumental Pink Floyd cover)
  • November Rain
  • Black Hole Sun (Soundgarden cover)
  • Knockin’ on Heaven’s Door (Bob Dylan cover)
  • Nightrain

Encore:

  • Patience
  • Don’t Cry
  • The Seeker (The Who cover)
  • Paradise City
Moral education needed in a 'rapidly changing world'

Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.

Alanood Al Kaabi, head of programmes at the Education Affairs Office of the Crown Price Court - Abu Dhabi, said: "The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.

"Moral education touches on every aspect and subject that children engage in.

"It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.

"The moral education programme has been designed to develop children holistically in a world being rapidly transformed by technology and globalisation."

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

RACECARD

6pm Emaar Dubai Sprint – Conditions (TB) $60,000 (Turf) 1,200m

6.35pm Graduate Stakes – Conditions (TB) $100,000 (Dirt) 1,600m

7.10pm Al Khail Trophy – Listed (TB) $100,000 (T) 2,810m

7.45pm UAE 1000 Guineas – Listed (TB) $150,000 (D) 1,600m

8.20pm Zabeel Turf – Listed (TB) $100,000 (T) 2,000m

8.55pm Downtown Dubai Cup – Rated Conditions (TB) $80,000 (D) 1,400m

9.30pm Zabeel Mile – Group 2 (TB) $180,000 (T) 1,600m

10.05pm Dubai Sprint – Listed (TB) $100,000 (T) 1,200m 

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Ireland (15-1):

Ireland (15-1): Rob Kearney; Keith Earls, Chris Farrell, Bundee Aki, Jacob Stockdale; Jonathan Sexton, Conor Murray; Jack Conan, Sean O'Brien, Peter O'Mahony; James Ryan, Quinn Roux; Tadhg Furlong, Rory Best (capt), Cian Healy

Replacements: Sean Cronin, Dave Kilcoyne, Andrew Porter, Ultan Dillane, Josh van der Flier, John Cooney, Joey Carbery, Jordan Larmour

Coach: Joe Schmidt (NZL)

School counsellors on mental well-being

Schools counsellors in Abu Dhabi have put a number of provisions in place to help support pupils returning to the classroom next week.

Many children will resume in-person lessons for the first time in 10 months and parents previously raised concerns about the long-term effects of distance learning.

Schools leaders and counsellors said extra support will be offered to anyone that needs it. Additionally, heads of years will be on hand to offer advice or coping mechanisms to ease any concerns.

“Anxiety this time round has really spiralled, more so than from the first lockdown at the beginning of the pandemic,” said Priya Mitchell, counsellor at The British School Al Khubairat in Abu Dhabi.

“Some have got used to being at home don’t want to go back, while others are desperate to get back.

“We have seen an increase in depressive symptoms, especially with older pupils, and self-harm is starting younger.

“It is worrying and has taught us how important it is that we prioritise mental well-being.”

Ms Mitchell said she was liaising more with heads of year so they can support and offer advice to pupils if the demand is there.

The school will also carry out mental well-being checks so they can pick up on any behavioural patterns and put interventions in place to help pupils.

At Raha International School, the well-being team has provided parents with assessment surveys to see how they can support students at home to transition back to school.

“They have created a Well-being Resource Bank that parents have access to on information on various domains of mental health for students and families,” a team member said.

“Our pastoral team have been working with students to help ease the transition and reduce anxiety that [pupils] may experience after some have been nearly a year off campus.

"Special secondary tutorial classes have also focused on preparing students for their return; going over new guidelines, expectations and daily schedules.”

FIGHT CARD

Sara El Bakkali v Anisha Kadka (Lightweight, female)
Mohammed Adil Al Debi v Moaz Abdelgawad (Bantamweight)
Amir Boureslan v Mahmoud Zanouny (Welterweight)
Abrorbek Madaminbekov v Mohammed Al Katheeri (Featherweight)
Ibrahem Bilal v Emad Arafa (Super featherweight)
Ahmed Abdolaziz v Imad Essassi (Middleweight)
Milena Martinou v Ilham Bourakkadi (Bantamweight, female)
Noureddine El Agouti v Mohamed Mardi (Welterweight)
Nabil Ouach v Ymad Atrous (Middleweight)
Nouredin Samir v Zainalabid Dadachev (Lightweight)
Marlon Ribeiro v Mehdi Oubahammou (Welterweight)
Brad Stanton v Mohamed El Boukhari (Super welterweight

Farasan Boat: 128km Away from Anchorage

Director: Mowaffaq Alobaid 

Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani

Rating: 4/5

The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

A little about CVRL

Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.

One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery. 

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Directed: Smeep Kang
Produced: Soham Rockstar Entertainment; SKE Production
Cast: Rishi Kapoor, Jimmy Sheirgill, Sunny Singh, Omkar Kapoor, Rajesh Sharma
Rating: Two out of five stars 

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

'Joker'

Directed by: Todd Phillips

Starring: Joaquin Phoenix

Rating: Five out of five stars

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Updated: May 03, 2023, 2:00 PM