U.S. President Joe Biden on Sunday secured deals with Vietnam on semiconductors and minerals as the strategic Southeast Asian nation lifted Washington to Hanoi's highest diplomatic status alongside China and Russia.
The U.S. has been pushing for the upgrade for months as it sees the manufacturing dynamo as a key country in its strategy to secure global supply chains from China-related risks.
On Monday, executives at top U.S. and Vietnamese firms in the semiconductor, tech and aviation sectors met as part of Biden's visit, seeking to forge business partnerships with new deals in AI unveiled.