(Refiles to remove extraneous detail in paragraph 10) By Francesco Guarascio HANOI (Reuters) - The United States expects to elevate its diplomatic ...
HANOI - The United States expects to elevate its diplomatic relations with former foe Vietnam to the top level as President Joe Biden travels to Hanoi in a week, in a move that may irk China and with unclear business implications.
Biden said it publicly in July and officials in both countries have since informally expressed optimism about the two-step upgrade, although no official statements have been released from either government. Yet it is unclear what Vietnam, which is at odds with China over boundaries in the South China Sea, stands to gain in the short term from the upgrade.
Supporting Vietnam's ambitions to become a hub for the semiconductor industry is also part of Washington's inducements, but public funds so far available under the CHIPS Act are very limited.
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US expects to upgrade Vietnam ties, risks China anger(Refiles to remove extraneous detail in paragraph 10) By Francesco Guarascio HANOI (Reuters) - The United States expects to elevate its diplomatic ...
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