Vietnam Aligns with BRICS Amid Rising U.S. Tensions
PatriotR Daily News 06/30/25
June 30, 2025
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Vietnam Aligns with BRICS Amid Rising U.S. Tensions
Vietnam’s entry into BRICS as a “partner country” marks a strategic move to diversify its global alliances and reduce dependence on the U.S., particularly as tensions rise under President Trump’s renewed tariffs and trade scrutiny. While the partnership offers access to economic opportunities and geopolitical clout through alignment with China- and Russia-led initiatives, it also carries significant risks—potential U.S. sanctions, questions about Vietnam’s trade transparency, and concerns over internal governance—threatening its economic stability and diplomatic balance in an increasingly multipolar world. Read More.
ECONOMIC NEWS
Central Banks Hedge Bets: Gold Rises as Dollar Wanes
Central banks are increasingly turning to gold and diversifying away from the U.S. dollar as global economic and geopolitical uncertainty grows. According to OMFIF’s 2025 Global Public Investor report, nearly 60% of central banks plan to diversify reserves in the next two years, with gold now the most in-demand asset. Although the dollar still dominates for its liquidity and safety, its appeal is slipping due to rising protectionism, tariffs, and geopolitical tensions—prompting many reserve managers to shift cautiously toward the euro, renminbi, and other safer or more politically neutral assets. Read Now.
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