Something interesting happening in Southeast Asia's trade landscape: Vietnam just posted a record trade surplus with the United States, and their exports keep climbing even as tariff pressures mount.

This shift tells us a lot about supply chain realignments and how emerging markets adapt when trade barriers go up. While tariffs were supposed to slow things down, Vietnamese exporters found ways to stay competitive—likely through manufacturing optimization and strategic partnerships.

For those tracking global capital flows and risk assets, these trade patterns matter. When one country gains export momentum despite headwinds, it usually signals deeper structural changes in how goods move around the world. Could be worth watching how this impacts regional currencies and cross-border payment systems.