Sign up
Log in
Vietnam's top leader Lam to meet Google, Meta in US next week, sources say
Share
Listen to the news
Vietnam's top leader Lam to meet Google, Meta in US next week, sources say

Lam to travel to US for the first time since he got top job

Google, Meta have large interests in Vietnam

Lam to attend event with several US corporations, sources say

Lam to speak at UN, not clear if he will meet Biden

By Francesco Guarascio and Phuong Nguyen

- Vietnam's president and ruling Communist Party chief To Lam is set to meet representatives from several U.S. corporations, including Google and Meta, during a visit to the United States next week, two people briefed about the plans told Reuters.

Meta's Facebook META.O has in the 100-million-people country one of its largest user bases worldwide, and Google GOOGL.O makes its smartphones there through suppliers and plans a large data centre, according to a Reuters report last month.

In his first trip to the United States since he was named in early August as head of the party, the country's most powerful job, Lam is scheduled to meet representatives of Google and Meta, the two people said, with one noting each of the companies would have a separate meeting with him. Neither said what will be discussed.

Another two people familiar with the plans said Lam will also attend on Sept. 23 a business forum with other U.S. business representatives.

All the four sources declined to be identified because the information was not public.

The US-ASEAN Business Council (USABC), which is one of the organisers of the Sept. 23 event, declined to share a list of participants.

Google and Facebook did not reply to requests for comment.

In two large U.S. business missions the USABC lobbying group organised in Vietnam over the last 18 months, it brought in dozens of top U.S. corporations including defence firms, energy and tech companies.

Among firms who attended both recent missions to Vietnam, are power company AES AES.N, aviation giant Boeing BA.N, payment company Mastercard MA.N and Amazon AMZN.O, including its cloud computing subsidiary Amazon Web Services, according to lists of participants seen by Reuters.

U.S. companies see Vietnam as a manufacturing hub and a market for their products. Apple's AAPL.O suppliers complete many of the company's products there, Intel INTC.O has a large chip assembling factory, and defence firms have been long in talks to sell security equipment to Hanoi.


BIDEN MEETING?

Lam's trip to the United States has not been formally announced, but officials said he would travel there on Saturday to speak at the United Nations General Assembly where global leaders meet for their annual get-together on Sept 22-23. He will fly to Cuba later in the week in the final leg of his trip.

Columbia University has announced an event with Lam on Sept. 23 in New York.

The U.S. and Vietnam boosted their diplomatic ties last year as Washington sees the Southeast Asian nation as a strategic partner to reduce reliance on Chinese manufacturing. The U.S. is also seeking closer ties with Hanoi on sensitive industries, including undersea cables.

However, it is not clear whether Lam will meet U.S. President Joe Biden.

A spokesperson for the White House declined to comment about Lam, but said Biden planned to meet several foreign leaders at the United Nations.

Vietnam's foreign ministry and the president office were not immediately available for comments.

Lam met Chinese President Xi Jinping last month in his first trip abroad after his appointment as party chief.

He also plans a state visit to France in early October, an official told Reuters.


(Reporting by Francesco Guarascio and Phuong Nguyen in Hanoi; additional reporting by Jeff Mason and Trevor Hunnicutt in Washington; Editing by Kim Coghill)

((Francesco.Guarascio@thomsonreuters.com;))

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.