Yellen's trip underlines rise of Vietnam as China factory hedge

U.S. Treasury chief also backs $15bn JETP climate aid for Southeast Asian nation

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U.S. Treasury Secretary Janet Yellen checks out an electric scooter from Vietnamese startup Selex Motors with co-founder Nguyen Nguyen at a factory on the edge of Hanoi. (Photo by Lien Hoang)

LIEN HOANG, Nikkei staff writer

HANOI -- U.S. Treasury Secretary Janet Yellen hopped on a scarlet, made-in-Vietnam electric motorbike in Hanoi on Thursday and sent a dual message: Washington sees the Southeast Asian country as a key partner for both green energy and supply-chain resilience.

While Yellen said this is not targeted against China, she used her visit to the capital to argue that Vietnam's rising manufacturing might in semiconductors, vehicles and other products is good for the U.S.

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