Vietnam, U.S. explore cooperation in semiconductor and rare earths

HCMC – The U.S. has expressed interest in cooperating with Vietnam in renewable energy and semiconductor chip production. During his visit, Fernandez focuses on promoting trade opportunities, expanding renewable energy cooperation, enhancing supply chain partnerships, and strengthening economic cooperation. Regarding renewable energy cooperation, Fernandez mentioned the Clean Energy Demand Initiative Secretariat (CEDI) which was launched several years ago at the 2021 United Nations Climate Change Conference (COP26). Fernandez also stressed the importance of diversifying the rare earths supply chain while maintaining environmental sustainability. In 2022, two-way trade between Vietnam and the U.S. amounted to US$138 billion, and Vietnam is now the eighth-largest trade partner of the United States.