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Significance
He became the first CPV chief to attend the UNGA directly. However, his central mission in the United States was to attract more high-tech investment to Vietnam, which he hopes will boost the country’s long term economic development and his domestic political support.
Impacts
If Washington reclassifies Vietnam as a ‘market economy’, it will increase the country’s chances of gaining membership of the OECD and G20.
Attracting investments from major US tech players could revitalise Vietnam’s job market and help mitigate its ‘brain drain’ problem.
Hanoi will attempt to ensure positive relations with the next US administration, irrespective of whether it is Democratic or Republican.
Keywords:
Vietnam,
AP,
INT,
United States,
China,
economy,
industry,
international relations,
social,
artificial intelligence,
foreign trade,
growth,
labour,
private sector,
regulation,
technology
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2024
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