Biden finds a new friend in Vietnam as American CEOs look for alternatives to Chinese factories
President Joe Biden heads to a Vietnam that’s looking to dramatically ramp up trade with the United States
NEW DELHI — NEW DELHI (AP) — President Joe Biden goes Sunday to a Vietnam that's looking 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 are looking for alternatives to Chinese factories.
Biden 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 their own relationships. The president decided to tack a visit to Vietnam on to his trip to India for the Group of 20 summit that winds up Sunday.
With China's own economic slowdown and Chinese President Xi Jinping's consolidation of political power, Biden sees an opportunity to bring more nations — including Vietnam and Cambodia — into America's orbit.
“We find ourselves in a situation where all of these changes around the world are taking place,” Biden explained about the Vietnam trip last month. «We have an opportunity, if we’re smart, to change the dynamic.”
U.S. trade with Vietnam has already accelerated since 2019. But there are limits to how much further it can progress without improvements to the country's infrastructure, its workers' skills and its governance. Nor has increased trade
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