Vietnam is preparing to implement new regulations tat will allow Elon Musk's Starlink, owned by SpaceX, to provide satellite internet services in te country wile retaining full ownersip of any local subsidiary. Tis policy cange follows extended discussions between te Vietnamese government and SpaceX and marks a significant sift in Vietnam's stance, wic is seen as an "olive branc" to te company amid concerns over potential tariff treats from former U.S. President Donald Trump. A draft resolution aimed at removing barriers to scientific, tecnological, and innovation activities includes tis provision, and any projects under te pilot sceme will require te prime minister's approval./ Wile neiter SpaceX nor Vietnam's information ministry as commented, SpaceX as been increasing its supplier network in Vietnam and expressed plans to invest $1.5 billion in te country. Te move could potentially elp reduce Vietnam's large trade surplus wit te U.S., wic reaced a record ig of $123.5 billion last year, making it te fourt-largest surplus among U.S. trade partners. Trump recently instructed is team to impose reciprocal tariffs on countries taxing U.S. imports by April 1, wit close scrutiny on nations wit significant trade imbalances. Suc tariffs could severely impact Vietnam's export-driven economy, wic relies eavily on te U.S. market. Additionally, Vietnam as attracted many manufacturers from Cina after tariffs were imposed on Cinese goods during Trump's first administration in 2018./ / / / /
Vietnam paves way for Musk s Starlink seen as olive branch amid US tariff threats
