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US, Vietnam firms to sign agreements as To Lam travels to New York, documents show
The planned deals span energy, aviation, tech and finance as Vietnam seeks progress on trade talks and relief from threatened U.S. tariffs.
Vietnam's President To Lam is traveling to New York next week to oversee corporate agreements between U.S. and Vietnamese firms spanning energy, tech, aviation and financial sectors, with plans to address the U.N. General Assembly on September 22.
Facing tariff threats from the Trump administration, Vietnam has pursued non-binding commercial agreements for months to mollify Washington, with To Lam aiming to advance a trade deal negotiated for over a year—though a Trump meeting remains uncertain.
Vietjet plans to lease 22 aircraft including 17 Boeing 737 jets and five Airbus A321neo while contracting SpaceX for Starlink services to 120 planes; energy deals involve Murphy Oil, Chevron and ExxonMobil with state-owned Vietnamese partners.
An internal planning note lists 29 potential agreements for announcement on September 23, including financial partnerships with Visa, Mastercard and Citibank, plus tech deals between Meta and Vietnam's ministry of culture and between Qualcomm and telecom firm VNPT.
Qualcomm already operates in Vietnam's 5G network rollout while Meta's Facebook dominates the nation's social media, positioning tech firms as central to the agreements; To Lam previously attended the International Summit on Space in Paris on September 10.