中國經濟快速崛起和漸趨霸道的行為改變了亞洲甚至全球的秩序。對此，美國對中政策上有了明確的轉變，川普任期內除了開打美中貿易戰，也提出印太戰略試圖重返亞洲區域主導地位。在此背景下，與中國有著地緣牽絆的越南自然成為美中競爭下的觀察對象。因此，本文依循權力平衡理論和避險策略邏輯概念，探究夾在兩大強權競爭下的越南，在考量其國內政治、經濟和社會因素和美中分別對越南在政治、經濟和社會的程度關係，觀察2013-2020年間越南策略選擇的變化。研究發現，美中關係的惡化，強化了美越關係，也增加了越南策略選擇的自由度。然而，越南並未因為得到美國一些好處，而完全倒向美國陣營，而是採取親中、和美的避險策略。

China’s rise with its increasing assertive behaviors have been changing the political and economic order in Asia and even the world. In order to safeguard its interests and reclaim the central place in Asia, former President Donald Trump started a trade war with China and launched Indo-Pacific strategy during his tenure. In this context, Vietnam, because of its strategic location and bordering China, has naturally become the object of observation under the competition between the United States and China. Therefore, the article consults power balance theory and hedging strategy studies to observe Vietnam’s strategies caught between the two hegemons and how Vietnam adjust its foreign policy to meet their interests of safety, economic development and regime survival. By analyzing Vietnam’s politics, economy and society condition, as well as its politics, economy and society relation with the United States and China from 2013-2020, it is found that its strategy toward both sides change dynamically. Overall, U.S.-China competition convinced Vietnam to upgrade the U.S.-Vietnam relationship which gives more opportunities for Vietnam. However, Vietnam still maintains partnership with China, but also enjoy the positive tie with the United States as its hedging strategy toward U.S.-China Great Power Competition.

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