Reuters:
HANOI, Sept 11 – Executives at top U.S. and Vietnamese firms in the semiconductor, tech and aviation sectors met on Monday seeking to forge business partnerships during U.S. President Joe Biden’s visit to Hanoi which has seen new deals on on planes and AI.
Senior executives from Google (GOOGL.O), Intel (INTC.O), Amkor (AMKR.O), Marvell (MRVL.O), GlobalFoundries (GFS.O) and Boeing (BA.N) attended the Vietnam-U.S. Innovation & Investment Summit, according to the meeting agenda.
From Vietnam, there were executives from half a dozen companies, including Nasdaq-listed electric car maker VinFast , flag carrier Vietnam Airlines (HVN.HM), tech company FPT (FPT.HM), MoMo, the country’s biggest e-wallet by users, as well as internet firm VNG, which filed in August for a U.S. IPO.
Biden reiterated at the meeting that the two countries were deepening cooperation in cloud computing, semiconductors and artificial intelligence, and stressed Vietnam was crucial for critical minerals supplies.
The country has the world’s second-biggest estimated deposits of rare earths, which are used in electric vehicles and wind turbines.
The meeting, which followed a historic upgrade of diplomatic relations agreed on Sunday, underscored U.S. desire to boost Vietnam’s global role. This is particularly so in chipmaking with Washington seeking to reduce the sector’s exposure to China-linked risks, including trade friction and tensions over Taiwan.
