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The United States imported nearly $127.5 billion in goods from Vietnam in 2022, compared with $101.9 billion in 2021 and $79.6 billion in 2020, according to US government data. The United States needs a trusted partner for its supply of chips, and Vietnam can do just that, Osius said. But that compares favorably with a global growth forecast of 3%, and is noticeably faster many of the world’s major economies, such as the United States, China and the eurozone. Politically, Vietnam shares many similarities to China in that it is an authoritarian one-party state that tolerates little dissent. Vietnam is an obvious choice, because it’s a cheap alternative to manufacturing in China, said García-Herrero.

Persons: Joe Biden, ”, Donald Trump’s, Nguyen Phu Trong, Biden, Antony Blinken, Evan Vucci, ” Ted Osius, Janet Yellen, Michael Every, Alicia García, Osius, chipmaker, Ho, “ We’re, Natixis, ” Osius, “, — CNN’s Kyle Feldscher, Jeremy Diamond, Kevin Liptak Organizations: Hong Kong CNN, America, Apple, Intel, House, Communist Party of, ASEAN Business Council, CNN, United, Atlantic Council, Rabobank, White House, United State, Monetary Fund, “, Netflix, Boeing Locations: Hong Kong, Vietnam, Washington, Hanoi, China, Asia, India, Communist Party of Vietnam, United States, Hanoi Nguyen Huy Kham, United, Beijing, The California, Ho Chi Minh City, Asia underwhelms

Sources said Biden's schedule for Asia is not official until it has been announced and could change. One senior diplomat referred to Indonesia having scheduled the ASEAN summits, which are normally held in November, for September, specifically to make is possible for Biden to attend and then go on to the G20. Sources said Biden was expected to send Vice President Kamala Harris in his place. Policy analysts said another no-show by Biden, who attended ASEAN meetings in Cambodia in November, would call that characterization into question. "Southeast Asia has been impressed that Washington under Biden has stepped up engagement with the region," Hiebert said.

Persons: Joe Biden, Jonathan Ernst WASHINGTON, Biden, we'll, Kamala Harris, Harris, Jonathan, Murray Hiebert, Hiebert, Ted Osius, Donald Trump, Barack Obama, David Brunnstrom, Simon Lewis, Michael Martina, Stanley Widianto, Grant McCool Organizations: REUTERS, Reuters, Association of Southeast Asian Nations, ASEAN, White, White House, Biden, U.S ., Southeast, Washington's Center, Strategic, International Studies, ASEAN Business Council, Democrat, Republican, Thomson Locations: Tusayan , Arizona, U.S, JAKARTA, Jakarta, India, Vietnam, Indonesia, Washington, Asia, American, Papua New Guinea, Australia, ASEAN, Cambodia, Southeast Asia, East Asia

REUTERS/Mike Blake/File PhotoWASHINGTON, Aug 3 (Reuters) - The United States should extend electric vehicle tax credit benefits to Vietnam if it wants to encourage a landmark investment from the country in U.S.-based manufacturing, the head of the main U.S. business lobby for Southeast Asia said. Rules included in the U.S. Inflation Reduction Act (IRA) aimed at reducing U.S. dependence on Chinese EV battery supply chains currently only benefit countries that have free trade agreements with Washington - a list that excludes Vietnam. VinFast responded to President Joe Biden's call for electric vehicles to be manufactured in the United States, Osius told Reuters in an interview on Thursday, "Now they will have some asks. They will want to be part of the EV supply chain and they won't want to be discriminated against in favor of other EV producers." The United States signed a deal in March with Japan on critical minerals that ensures Japanese cars will benefit from the tax credit.

Persons: Mike Blake, Ted Osius, VinFast, Joe Biden's, Osius, EVs, Biden, Donald Trump, David Brunnstrom, Simon Lewis, David Shepardson, Don Durfee, Diane Craft Organizations: Los Angeles Auto, REUTERS, EV, Washington, VinFast, U.S, U.S ., ASEAN Business Council, Reuters, United, EU, Economic, Thomson Locations: Los Angeles , California, U.S, United States, Vietnam, Southeast Asia, North Carolina, Japan, Britain, New Delhi, China, Washington, Indonesia, Asia, Pacific

[1/2] Hun Manet, son of Cambodia's Prime Minister Hun Sen is seen at a polling station on the day of Cambodia's general election, in Phnom Penh, Cambodia, July 23, 2023. "We hope to host (Hun Manet). Osius said the U.S. approach to Cambodia had been "punitive" and Washington should look for opportunities for dialogue. "Better for (Hun Manet) if there if he's got some strategic options, and that could mean improving ties with us," he said. Cambodia's Washington embassy did not immediately respond to a request for comment.

Persons: Hun Manet, Cambodia's, Hun Sen, Cindy Liu, Ted Osius, he’s, he's, Osius, Hun, Simon Lewis, David Brunnstrom, Marguerita Choy Organizations: REUTERS, Southeast Asia, Reuters, Cambodian People's Party, U.S ., ASEAN Business, General Assembly, Beijing, U.S . State Department, Thomson Locations: Phnom Penh, Cambodia, Washington, New York, Southeast, U.S, Vietnam, United States, China, Ream, UNGA

☆ U.S.-ASEAN Business Council on U.S. investment in Southeast Asia
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailASEAN is the 'single largest' destination for U.S. investment in Asia: U.S.-ASEAN Business CouncilTed Osius, president and CEO of the U.S.-ASEAN Business Council, discusses the Indo-Pacific Economic Framework and says the U.S. private sector is "investing more in Southeast Asia than in China, Japan, India and Korea combined."

Persons: ASEAN Business Council Ted Osius Organizations: ASEAN, ASEAN Business Council, U.S ., U.S Locations: Asia, U.S, Southeast Asia, China, Japan, India, Korea

☆ US-ASEAN Business Council 'biggest' mission to Vietnam joined by companies including Netflix and Boeing
▼ + stars: | 2023-03-21 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Senior executives from 52 US firms are taking part in the biggest business mission ever organized by the US-ASEAN Business Council, the trade lobby told CNN. The trip, held annually and currently led by former US Ambassador to Vietnam Ted Osius, began Tuesday and runs to Thursday. The council did not specify who was attending, but corporate heavyweights Boeing (BA) and Netflix (NFLX) confirmed they had joined the delegation. The discussions “will focus on Boeing’s growing partnership with Vietnam and ways to strengthen the country’s aviation and defense capabilities,” it added. Netflix’s streaming service is available to viewers in Vietnam, though it does not have a direct presence there.

☆ Southeast Asia leaders kick off ASEAN summit in Cambodia
▼ + stars: | 2022-11-11 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Cambodia, this year's chair for the Association of Southeast Asian Nations (ASEAN), is hosting the weekend summit in Phnom Penh — the group's first in-person meeting since the Covid pandemic. Leaders from the U.S., China, South Korea and Japan will also be meeting ASEAN leaders in Phnom Penh. "Looking to the future, ASEAN needs to strongly promote the values that have made ASEAN successful over the past five decades. The ASEAN nations want more trading partners, the more, the better," he told CNBC's "Street Signs Asia" on Thursday. The Treaty of Amity and Cooperation in Southeast Asia is a peace treaty among Southeast Asian countries established in 1976.watch now

☆ ASEAN wants to continue picking up the pace of trade with the U.S., says former U.S. ambassador
▼ + stars: | 2022-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailASEAN wants to continue picking up the pace of trade with the U.S., says former U.S. ambassadorTed Osius, U.S. ambassador to Vietnam from 2014 to 2017, and current president of the US-ASEAN Business Council, says four ASEAN countries are already in the United States' top 20 global trade partners.

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