Vietnam Financial News

Investing.com — U.S. futures traded slightly higher Monday, ahead of the release this week of fresh inflation data which could give guidance of future Federal Reserve monetary action.

US President Biden is significant because, when PM Modi was on his maiden state visit to the United States in June this year, several human rights organisations had flagged the curbing of press freedom in India and had urged President Biden to talk about the same. In US, PM Modi and President Biden had conducted a rather rare press conference, Modi answered a questions from an US journalist about the Bhartiya Janta Party (BJP)-led National Democratic Alliance (NDA) government’s record in treatment of minorities.

White House said on Monday that Vietnam Airlines' deal to buy 50 737 Max jets from U.S. planemaker Boeing is worth $7.8 billion. The statement confirms the deal value that Reuters had reported on Sunday, citing a source.

United States and Vietnam on Monday warned against the «threat or use of force» in the disputed South China Sea, days after the latest clash involving Chinese vessels. «The Leaders underscored their unwavering support for the peaceful resolution of disputes in accordance with international law, without the threat or use of force,» President Joe Biden and Vietnamese leader Nguyen Phu Trong said in a joint statement, calling for «unimpeded lawful commerce in the South China Sea».

G20 Summit over the weekend with many dubbing the New Delhi Leaders' Declaration a ‘coup’ for the Narendra Modi government. The Prime Minister also held bilateral talks with leading global leaders in attendance – including US President Joe Biden during this time. “We held substantial discussions on how to strengthen the partnership between India and the United States…I raised the importance of respecting human rights and the vital role the civil society and a free press have in building a strong and prosperous country with PM Modi," Biden said on Sunday while addressing a press conference in Vietnam.

HANOI (Reuters) — The United States and Vietnam announced new deals and partnerships as U.S. President Joe Biden visited Hanoi on Sunday including billions of dollars in plane orders, heightened human rights discussions, digital economy education and semiconductor design centers.

By Nandita Bose, Francesco Guarascio and Trevor Hunnicutt

Joe Biden on Sunday said he held «substantial discussions» with Prime Minister Narendra Modi on ways to strengthen the Indo-US partnership and thanked him for his leadership and hosting the G20 Summit in New Delhi. Biden told reporters here in the Vietnamese capital that he also raised the importance of respecting human rights with Prime Minister Modi. Biden, who arrived in New Delhi on his first visit to India as the US President, held wide-ranging talks with Modi and they vowed to «deepen and diversify» the bilateral major defence partnership while welcoming forward movement in India's procurement of 31 drones and joint development of jet engines. «I want to once again thank Prime Minister Modi for his leadership and his hospitality and hosting the G20.

Boeing 737 Max jets in a deal valued at about $7.5 billion, a person familiar with the talks told Reuters on Sunday. Wording of the impending deal, which confirms a Reuters report from last week, comes as U.S. President Joe Biden visits Hanoi to boost ties with the former foe. Boeing and Vietnam Airlines did not immediately respond to requests for comment. The deal would be worth up to $7 billion at list prices, and usually companies that buy in bulk get discounts, but the person familiar with the talks did not comment on this. Boeing has a deal with Vietnam Airlines' rival VietJet for the sale of 200 of its 737 MAX planes. Vietnam was the world's fifth fastest-growing aviation market in 2022 when it lifted COVID-19 travel restrictions, according to the International Air Transport Association (IATA), which predicts the country will serve 150 million air transport passengers by 2035. Boeing 737 Max jets were grounded worldwide for months after two fatal crashes in Indonesia and Ethiopia in 2018 and 2019.

Joe Biden insisted Sunday he does not want to «contain» China, as the two powers face deepening divisions on trade, security and rights. Biden said he had met Chinese Premier Li Qiang at the G20 summit in New Delhi — a meeting the White House had not announced — and discussed «stability». The president revealed the encounter in Hanoi, where earlier in the day he agreed a deal to deepen ties with Vietnam as Washington looks to bolster its network of allies around Asia and the Pacific in the face of Beijing's rising influence. Washington and Beijing are at loggerheads on a range of global issues, and Biden accused China of seeking to bend the international order to its will. «One of the things that is going on now is China is beginning to change some of the rules of the game, in terms of trade and other issues,» Biden told a news conference. Washington has invested heavily in building alliances as part of its Indo-Pacific strategy, including the Quad security dialogue with India, Australia and Japan, and the AUKUS pact with Britain and Australia. But he insisted the United States is not seeking to box China in, but rather to establish clear ground rules for relations. «I don't want to contain China.

Joe Biden arrives in Vietnam on Sunday to deepen cooperation between the two nations, in the face of China's growing ambitions in the region. Biden — who is flying from the G20 summit in New Delhi — will meet the leader of Vietnam's ruling Communist Party, Nguyen Phu Trong, on Sunday, and is expected to sign off on a «comprehensive strategic partnership», Hanoi's highest level of diplomatic ties. The underlying goal of the short visit will be much the same as Biden's time at the G20 gathering — to shore up support against China's increasing influence. For Vietnam, the upgrading of diplomatic ties is significant.

New Delhi G20 declaration is a «major step forward in this effort», a senior US official said on Sunday. Principal Deputy National Security Advisor of the White House Jon Finer told the media on board Air Force One that the joint statement issued yesterday builds on the Bali G20 declaration and UN resolutions to send «an unprecedented unified statement on the imperative that Russia refrains from using force for territorial acquisition» and abide by UN charter. «The G20 Countries have signed up to the Bali language (declaration) last year and the vast majority of G20 countries have supported multiple UN resolutions that call out Russia's illegal aggression.

G20 Summit in India, US President Joe Biden on Sunday departed for Vietnam to expand ties between the two nations. Biden will meet Vietnamese General Secretary Nguyen Phu Trọng and other key leaders to discuss ways to further deepen cooperation between the two nations.

Vietnam plan to elevate their relations as U.S. President Joe Biden visits the country from Sunday, with officials saying the focus of the talks will be semiconductors and critical minerals. The U.S.

President Joe Biden heads to a Vietnam that’s looking to dramatically ramp up trade with the United States

Joe Biden on Sunday highlighted the focus of the two-day G20 Leaders' Summit in India, saying that the focus was ‘One Earth, One Family, One Future’. Biden will arrive in Vietnam on Sunday to expand ties between the two nations. In a post on X (formerly Twitter), President Biden wrote, “One Earth.

AFP reported. After departing from the G20 summit in New Delhi, Biden is scheduled to hold a meeting with Nguyen Phu Trong, the leader of Vietnam's ruling Communist Party. During this visit, it is anticipated that they will formalize a "comprehensive strategic partnership," marking the highest level of diplomatic relations between Hanoi and Washington.

G20 Leaders' Summit hosted in the national capital, according to a report published by the news agency ANI. The Heads of State of countries including UAE, Bangladesh, Egypt, China, Australia, UK, Argentina, Indonesia, France, Germany, Netherlands, Turkey, Japan, Italy, Spain, South Africa, Republic of Korea, Canada and Singapore will depart from Delhi on Monday. The Central government has assigned responsibilities to Union Ministers of State to see off the foreign delegates after the summit.

digital companies including Intel, GlobalFoundries and Google are expected to attend a business meeting on Monday in Hanoi as President Joe Biden visits Vietnam to boost ties, two people familiar with the plan said. The meeting, which is still being arranged, would confirm U.S. plans to boost Vietnam's global role in different segments of chipmaking, as part of Washington's broader strategy to reduce the sector's exposure to China-linked risks, including trade restrictions and tensions over Taiwan.

Australia and the Philippines have elevated their seven-decade ties to a strategic level to broaden an alliance underpinned by their rejection of China’s increasingly provocative actions in the disputed South China Sea

Belt and Road infrastructure initiative, which the US perceives as a cover for China-led regional development and military expansion. Chinese President Xi Jinping has opted not to attend the summit, with Premier Li Qiang representing the nation instead.