US expects to upgrade Vietnam ties, Biden to arrive in Hanoi on Sept 10

Supporting Vietnam's ambitions to become a hub for the semiconductor industry is also part of Washington's inducements, but public funds so far available under the CHIPS Act are very limited. - Reuters

HANOI (Reuters): The United States expects to elevate its diplomatic relations with former foe Vietnam to the top level as US President Joe Biden travels to Hanoi in a week, in a move that may irk China and with unclear business implications.

Fearful of the potential reaction from its much larger neighbour, Vietnam had initially expressed caution about the upgrade.