US vs. China: Vietnam - Where does it Stand?

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Vietnam has had a difficult relationship with both China and the US last century. This century it finds both nations as essential export markets.

How is Vietnam positioned amid US-China tensions and what do these superpowers offer Vietnam?

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References:

Xinhua - China-Europe freight train marks 1st connection between Zhengzhou, Hanoi, Liege:
http://www.news.cn/english/2021-09/02/c_1310162433.htm
Viet Nam News - Vietnam Railways launches freight train service to Belgium:
https://vietnamnews.vn/economy/995636/vietnam-railways-launches-freight-train-service-to-belgium.html
AP News - Harris urges Vietnam to join US in opposing China ‘bullying’:
https://apnews.com/article/health-pandemics-coronavirus-pandemic-vietnam-1fcaf1dbb2fc2a7e1259a02b3ed58b2b
SCMP - In Vietnam’s power plants, US finds a counter to China’s belt and road:
https://www.scmp.com/week-asia/opinion/article/3120522/vietnams-power-plants-us-finds-counter-chinas-belt-and-road
Harvard University Atlas of Economic Complexity - Vietnam:
https://atlas.cid.harvard.edu/explore?country=239&product=undefined&year=2019&tradeDirection=import&productClass=HS&target=Partner&partner=undefined&startYear=undefined

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