The US and Vietnam have agreed on several business deals and partnerships worth billions of dollars. Companies like Boeing, Microsoft, and Nvidia are leading these agreements. This shift in their relationship comes in response to China’s growing influence. US President Joe Biden praised the cooperation between the two countries in areas such as cloud computing, semiconductors, and artificial intelligence. This announcement was made during Biden’s two-day trip to Hanoi. Executives from Google, Intel, Amkor, Marvell, GlobalFoundries, and Boeing also attended a summit focused on innovation and investment between the US and Vietnam. These agreements are expected to initiate more investment deals between the two countries. Vietnam has previously refrained from upgrading ties with the US to avoid upsetting China. However, the upgraded ties bring significant economic opportunities for both sides. Vietnam has transitioned to a more open economic model, and the US has become its largest export market. This shift aligns with the efforts of technology companies like Apple, Google, and Dell to diversify their supply chains away from China. The agreements announced include deals for Vietnam Airlines to purchase 50 jets from Boeing, as well as projects involving Nvidia and Microsoft. The US will also support resilient semiconductor supply chains in collaboration with Vietnam.

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By hassani

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