US President Trump Will Attend APEC and Visit Hanoi This Week

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M&A Deals in Vietnam Soaring High

US President Donald Trump will visit Vietnam November 10-12 to attend the Asia-Pacific Economic Cooporation Summit in Danang, then fly into Hanoi for meetings with Vietnamese President Tran Dai Quang and other senior leaders.

The fact that Mr Trump is traveling to the Vietnamese capital for this meeting is important in itself, said economic analysts. The Trump administration’s commitment to the region is strong said Dr. Tran Viet Thai, deputy director-general of The Diplomatic Academy of Vietnam.

Vietnam had stood to make one of the biggest gains from the 12-member Trans-Pacific Partnership (TPP) trade pact, which Mr. Trump pulled the US out of shortly after winning the presidency in January. Through strong lobbying, Vietnamese Premier Nguyen Xuan Phuc became the first Asean leader to visit the White House in 2017. At that Washington DC meeting in May, Mr. Phuc and Mr. Trump pledged to strengthen bilateral defense ties, as well as cooperation in security and intelligence.

Hanoi has been open about its intention to try to salvage some of the potential economic gains from the TPP, but is not expecting any major deals with the US in the near term. “Any pledge by Mr Trump to maintain existing commitments would be significant,” Dr. Thai added.

By hosting the 2017 APEC, Vietnam has not only reaffirmed its policy of deepening international integration and attaching great importance to Asia-Pacific, including regional cooperation efforts.

It has also highlighted Vietnam’s strategic vision towards a peaceful, stable and dynamic Asia-Pacific region, which continues to be the driver of regional and global economic growth.

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