President Joe Biden has opened a short visit to Vietnam by telling its leadership that their countries have a chance to shape the Indo-Pacific for decades to come
, Biden sees an opportunity to bring more nations — including Vietnam and Cambodia — into America's orbit.
The president and Trong expressed mutual happiness over seeing each other again after last meeting some eight years ago in Washington, said Biden, who was vice president at the time. Earlier Sunday, Jon Finer, Biden's chief deputy national security adviser, said the elevated status represents Vietnam's highest tier of international partnership.
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 automatically put the Vietnamese economy on an upward trajectory. Still, U.S. imports of Vietnamese goods have nearly doubled since 2019 to $127 billion annually, according to the Census Bureau. It is unlikely that Vietnam, with its population of 100 million, can match the scale of Chinese manufacturing. In 2022, China, with 1.4 billion people, exported four times as many goods to the U.S. as did Vietnam.
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