Biden's visit to Vietnam, his first as president, is seen as an attempt by the US to curb China's influence in Asia. The president has urged leading tech and aviation firms from both countries to develop new partnerships. Despite this, Biden has denied that the US's actions in Vietnam are more about curbing China's influence than cultivating ties with Vietnam, stating that it's about generating economic growth and stability.
Key takeaways:
- President Joe Biden has unveiled a series of tech and aviation deals with Vietnam, marking a "new stage" in the relationship between the U.S. and Vietnam, and a new "comprehensive strategic partnership".
- Among the deals announced were Microsoft's plans to create a generative AI-based solution for Vietnam and emerging markets, a $7.5 billion agreement between Boeing and Vietnam Airlines for 50 737 Max jets, and plans for Amkor Technology to build a $1.6 billion factory in Vietnam.
- The U.S. and Vietnam have warned against the "threat or use of force" to settle territorial disputes in the South China Sea, advocating for the use of international norms to solve disagreements.
- Biden's visit to Vietnam, his first as president, is seen as an attempt to curb China's influence in Asia, with Vietnam being a major supplier of minerals used in tech devices and a manufacturing hub that U.S. companies are increasingly turning to.