US, Vietnam firms hold business summit during Biden visit; AI deals unveiled

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Executives at top U.S. and Vietnamese firms in the semiconductor, tech and aviation sectors are meeting on Monday as part of U.S. President Joe Biden's visit to Hanoi, seeking to forge business partnerships with new deals in AI unveiled. Senior executives from Google, Intel, Amkor, Marvell, GlobalFoundries and Boeing are attending the Vietnam-U.S. Innovation & Investment Summit, according to a draft agenda that confirms a Reuters report. From Vietnam, there are executives from half a dozen companies, including Nasdaq-listed electric car maker VinFast, flag carrier Vietnam Airlines, tech company FPT, MoMo, the country's biggest e-wallet by users, as well as internet firm VNG, which filed in August for a U.S. IPO.

Declaration after just one day of talks with G20 leaders – including Russia and China – agrees ‘use or threat of use of nuclear weapons is inadmissible’Italian Prime Minister Giorgia Meloni met with China's Premier Li Qiang and discussed deepening ties between the two countries on the sidelines of the G20 summit in New Delhi on Saturday.

Kyiv has hit out at a G20 leaders' summit statement calling for "durable peace in Ukraine", but failing to condemn Russia over the war. Leaders of 20 nations reached a consensus declaration at the summit in Delhi on Saturday, calling on all states to refrain from the use of force to seize territory.

President Joe Biden said Sunday his visit to Vietnam to showcase stronger ties with Hanoi was not about trying to start a “cold war” with China, but rather was part of a broader effort to provide global stability by building U.S. relationships throughout Asia at a time of tensions with Beijing. “It's not about containing China,” Biden said at a news conference in Vietnam's capital after attending the Group of 20 summit in India.

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