US Announces New Strategic Deal with Vietnam

Amid strained relations between both Hanoi and Washington with China, the White House announced Monday that the US and Vietnam have agreed to dramatically upgrade their bilateral relations following a meeting between President Joe Biden and Vietnamese leader Nguyen Phu Trong.

In a statement released on Monday, it’s said that the relations between the former foes elevated to ‘Comprehensive Strategic Partnership’ status – the highest tier in Hanoi’s hierarchy of bilateral ties – for the purposes of peace, defense cooperation, and sustainable development.

The two nations also signed several major investment and trade agreements worth billions of dollars, including a new chip partnership which, according to Washington, would help support “resilient semiconductor supply chains for US industry, consumers, and workers” and a $7.8 billion agreement Vietnam Airlines signed for purchasing 50 Boeing 737 passenger aircraft, which, pet the White House, would support more than 30,000 jobs in the US.

Both leaders also welcomed further cooperation in the defense industry and defense trade in accordance with each side’s conditions, with Washington pledging commitment to assist Hanoi in developing its self-reliant defense capabilities.

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