Biden once again expressed "unwillingness to decouple from China"
On September 10th local time, Biden delivered a speech during his state visit to Vietnam. When talking about China, he expressed that he sincerely wants to handle the relationship with China well and does not want to decouple from China. He will not sell materials for manufacturing nuclear weapons to China, but he also does not want to harm China.
Biden mentions China in Vietnam
According to the Associated Press on September 10th, US President Joe Biden said on the 10th that his visit to Vietnam was not an attempt to launch a "Cold War" against China, but rather a part of a broader effort to provide global stability by strengthening US relations with multiple Asian countries in a tense relationship with Beijing.
According to the report, Biden said at a press conference held in the Vietnamese capital Hanoi, "This is not to contain China. It is to have a stable foundation."
During Biden's visit, the United States and Vietnam announced that their relationship would be elevated to a comprehensive strategic partnership.
This indicates that the relationship between the two countries has undergone significant changes since Biden's painful past of the Vietnam War.
The report mentioned that the trade volume between the United States and Vietnam has greatly increased. But if Vietnam's infrastructure, worker skills, and social governance cannot be improved, further development of trade between the two countries will be limited. The increase in US Vietnamese trade volume has not automatically put Vietnam's economy on an upward trajectory.
According to the report, US Commerce Secretary Gina Raymond stated that the executives she spoke with highly praised Vietnam as a place to promote supply chain diversification. The US Census Bureau reports that since 2019, the amount of Vietnamese goods imported by the United States has almost doubled, reaching $127 billion annually.
But the report also mentioned that Vietnam, with a population of 100 million, is unlikely to match China's manufacturing scale. In 2022, China's exports to the United States, with a population of 1.4 billion, are several times that of Vietnam.