Biden to visit Vietnam next month to discuss broad range of issues
- August 29, 2023
- Posted by: Quatro Strategies
- Categories: Asia Pacific, Business & Politics, United States
Next month, US President Joe Biden will visit Vietnam to discuss various topics with top officials, including technology, economy, regional stability, and climate change. The goal is to strengthen ties between the two countries, especially since China holds a significant position in the region.
Biden is scheduled to meet with Communist Party General Secretary Nguyen Phu Trong and other senior Vietnamese leaders in Hanoi on September 10th. Afterward, he will travel to Alaska to commemorate the September 11th attacks.
The US aims to improve its relationship with Vietnam, viewing it as a valuable partner in the region. However, Vietnam must also consider China’s reaction as it becomes more assertive. Biden’s administration hopes to strengthen US ties in Asia. Biden will travel to Vietnam from India, where he will attend the G20 summit from September 7-10. He will not attend the ASEAN meetings next month and will send Vice President Kamala Harris instead.
Diplomats expressed disappointment that Biden will not attend the ASEAN summit in Jakarta. While in Hanoi, Biden and Vietnamese officials will discuss ways to deepen their relationship and strengthen Vietnam’s technology-driven economy.
Vietnam’s Foreign Ministry stated that the visit would strengthen Vietnam-US relations. Foreign Ministry spokesman Pham Thu Hang said that the visits would contribute to peace, stability, and cooperation in the region and the world.
The US views Vietnam as an important partner in the region. Biden and Trong spoke by phone in March, and US Secretary of State Antony Blinken visited Vietnam a month later. The US is Vietnam’s largest export market, and this year marks the 10th anniversary of their “comprehensive partnership.”
Trong, who is considered Vietnam’s most powerful figure, met with Chinese President Xi Jinping in Beijing last year after Xi won an unprecedented third term.
Interested in learning more?
Sign up for Top Insights Today
Top Insights Today delivers the latest insights straight to your inbox.
You will get daily industry insights on
Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.
Read more insights
Malaysia and Singapore forge economic ties with joint special economic zone
Malaysia and Singapore have reached an agreement to jointly develop a special economic zone (SEZ) in the southern Malaysian state of Johor. The SEZ is designed to attract investments and facilitate the smoother movement of goods and people between the two Southeast Asian neighbors…
Alcoa acquires Alumina in $2.2 billion deal, bolstering position in metals industry
Alcoa has announced its acquisition of Alumina in an all-stock deal valued at $2.2 billion, positioning the US company as one of the world’s largest producers of alumina and bauxite. Following the announcement of the deal on Monday, shares of Alumina surged as much as 10.4%, reaching their highest…
U.S. restricts exports of Nvidia, AMD AI chips to some Middle East countries
The United States has expanded export restrictions on artificial intelligence (AI) chips produced by companies like Nvidia and Advanced Micro Devices (AMD), extending the controls beyond China to include certain countries in the Middle East. These restrictions, aimed at national security concerns, affect AI chips designed for machine-learning tasks, particularly Nvidia’s A100 and H100 chips.