Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

UPDATE 3-Pompeo to stop in Vietnam during Asia tour

Published 10/28/2020, 06:27 PM
Updated 10/29/2020, 04:50 AM
© Reuters.

(Adds U.S. official on prisoner's release)
HANOI, Oct 28 (Reuters) - U.S. Secretary of State Mike
Pompeo will visit Vietnam on Thursday and Friday as part of a
tour of Asia, the Vietnamese and U.S. governments said.
The visit was announced after a U.S. citizen sentenced last
year to 12 years in a Vietnamese jail for "attempting to
overthrow the state" was released by Hanoi and returned to his
home in California last week. The Vietnamese government's news website said Pompeo's visit
would mark the 25th anniversary of diplomatic relations between
the two countries.
The U.S. State Department confirmed Pompeo would add Vietnam
to his four-leg tour. Pompeo arrived in the Maldives on
Wednesday after visits to Sri Lanka and India and is due to hold
meetings in Indonesia on Thursday.
Michael Nguyen, who was born in Vietnam in 1964 and lived in
the United States since childhood, was detained in July 2018 on
suspicion of anti-government activities, including alleged
incitement of protesters to attack government offices with
Molotov cocktails and slingshots, state media reported at the
time.
Nguyen told a Zoom news conference on Wednesday he had been
"essentially kidnapped" and interrogated "for 16 hours at a time
for days." A U.S. senior administration official said Pompeo's visit
had not been dependent on Nguyen's release, adding: “We've been
looking for ways to celebrate the relationship all year thanks
to COVID.”
The official, who did not want to be identified, said a
number of top U.S. officials had argued for Nguyen's release on
"humanitarian grounds" and called it an important symbol in
celebrating the diplomatic landmark.
Foes during the Vietnam War in the 1960s and early 1970s,
Hanoi and Washington have enjoyed warmer relations in recent
years but some trade tensions have emerged lately.
The U.S. Trade Representative (USTR) confirmed in August
that at President Donald Trump's behest, it was investigating
whether Vietnam had been undervaluing its dong currency and
harming U.S. commerce.
Human rights has also been an issue raised by the U.S. side,
but both countries share concerns about an increasingly
assertive China. Vietnamese Prime Minister Nguyen Xuan Phuc this week called
on Trump to have "a more objective assessment of the reality in
Vietnam" with regards to the trade imbalance between the two
countries. He said exchange rate policy was not aimed at helping
exports. Pompeo said in Sri Lanka on Wednesday the Chinese Communist
Party was operating as a "predator". Last month he
urged Southeast Asian countries to stand up to bullying by China
and to reassess business deals with Chinese state firms.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.