09/10/2023

U.S. and Vietnam Ink Historic Partnership in Biden Visit

The administration is calling the deal a 'significant windfall'

On Sept. 10, 2023, President Joe Biden secured deals with Vietnam on semiconductors and minerals as the strategic Southeast Asian nation lifted Washington to Hanoi's highest diplomatic status alongside China and Russia.

The U.S. has been pushing for the upgrade for months as it sees the manufacturing dynamo as a key country in its strategy to secure global supply chains from China-related risks.

A half-century after a lengthy and brutal Cold War-era conflict, Biden arrived in Hanoi to a ceremony organized by the ruling Communist Party that included school children waving American flags and honor guards carrying bayoneted rifles.

Please select this link to read the complete article from Reuters.