The US and Vietnam have agreed billions of dollars in business deals and partnerships led by companies including Boeing, Microsoft and Nvidia, after the former foes upgraded their ties in a historic shift in response to China’s growing influence.
US president Joe Biden hailed the move to strengthen co-operation in areas including cloud computing, semiconductors and artificial intelligence while in Hanoi on a two-day trip to mark the formal upgrading of the countries’ relationship.
“We’re deepening our co-operation on critical and emerging technologies, particularly around building a more resilient semiconductor supply chain,” said Biden in a joint press conference late on Sunday with Nguyen Phu Trong, general secretary of the ruling Communist party of Vietnam.