Biden Showcases Boeing, Chip Deals as US and Vietnam Draw Closer
- Vietnam was US’s eight-largest trading partner in 2022
- Southeast Asian nations have looked to balance US, China ties
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US President Joe Biden announced a series of semiconductor, aerospace and infrastructure deals with business leaders in Vietnam, part of a push by the White House to deepen economic integration with Indo-Pacific nations that can provide a bulwark to China.
Biden touted a “new stage” in the ties between the two countries to a meeting of officials and with executives from Vietnam and top US firms including Boeing Co., Intel Corp. and Marvell Technology Inc. in Hanoi. “My message today is quite simple: Let’s keep it up,” he said.