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Biden finds a new friend in Vietnam as American CEOs look for alternatives to Chinese factories

apnews.com Biden finds a new friend in Vietnam as American CEOs look for alternatives to Chinese factories

President Joe Biden has arrived in a Vietnam that wants to dramatically ramp up trade with the United States.

Biden finds a new friend in Vietnam as American CEOs look for alternatives to Chinese factories

President Joe Biden on Sunday opened a visit to a Vietnam that wants to dramatically ramp up trade with the United States, a sign of how competition with China is reshaping relationships across Asia.

The president has made it a point of pride that Vietnam is elevating the United States to the status of being a comprehensive strategic partner. Other countries that Vietnam has extended this designation to include China and Russia. Giving the U.S. the same status suggests that Vietnam wants to hedge its friendships as U.S. and European companies look for alternatives to Chinese factories.

Biden, who arrived in Hanoi on Sunday afternoon, said last month at a fundraiser in Salt Lake City that Vietnam doesn’t want a defense alliance with the U.S., “but they want relationships because they want China to know that they’re not alone” and can choose its own partners. The president decided to tack a visit to Vietnam on to his trip to India for the Group of 20 summit that wrapped up Sunday.

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