US, Vietnam to boost ties as Biden visits, seek China hedge with chips, rare earths
HANOI/NEW DELHI/WASHINGTON - The United States and 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 overhaul may be shadowed, however, by a New York Times report on Saturday that Vietnam was in talks with Russia over a new arms supply deal that could trigger U.S. sanctions. Reuters has seen, but not been able to authenticate, documents describing talks for a credit facility that Russia would extend to Vietnam to buy heavy weaponry, including anti-ship missiles, antisubmarine aircraft and helicopters, antiaircraft missile systems and fighter jets.
Hanoi is in similar talks with multiple arms suppliers including the U.S. It is unclear how far those talks have evolved.
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