HO CHI MINH CITY -- Boeing will sell planes to two Vietnamese airlines, while other U.S. companies and the government plan to spend billions on Vietnam's semiconductor, rare earth minerals and energy sectors that are shifting out of China, the White House said on Monday.
During U.S. President Joe Biden's trip to Hanoi, a raft of deals was announced. Semiconductor manufacturers from Amkor to Nvidia led deals that are meant to diversity supply chains to Vietnam, which also has one of the region's fastest-growing military budgets. Both countries face thorny geoeconomic decisions due to China's influence.
