US, Vietnam to boost ties as Biden visits, seek China hedge with chips, rare earths

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US, Vietnam to boost ties as Biden visits, seek China hedge with chips, rare earths
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HANOI, Sept 10 — The United States and Vietnam plan to elevate their relations as US President Joe Biden visits the country from Sunday, with officials saying the focus of the...

HANOI, Sept 10 — The United States and Vietnam plan to elevate their relations as US President Joe Biden visits the country from Sunday, with officials saying the focus of the talks will be semiconductors and critical minerals.

Reuters has seen, but not been able to authenticate, documents describing talks for a credit facility that Russia would extend to Vietnam to buy heavy weaponry, including anti-ship missiles, antisubmarine aircraft and helicopters, antiaircraft missile systems and fighter jets. In recent weeks, Vietnam has engaged in several high-level defence meetings with top Russian officials.A half-century after a lengthy and brutal war, the US is expected to elevate Vietnam to the same diplomatic tier as China and Russia, Biden and other US officials said. Vietnamese officials have shown optimism about the expected upgrade, despite initial concerns over how giant neighbour China would react.

Highlighting Vietnam’s growing importance as a “friendshoring” destination for US technology companies, executives from Google, Intel, Amkor, Marvell, GlobalFoundries and Boeing are expected to meet on Monday with Vietnamese tech executives and Secretary of State Antony Blinken in Hanoi. More support to train skilled workers is also expected, as Vietnam faces a major shortage of engineers in the chips sector.

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