Vietnam's President To Lam pledged to expand the country's semiconductors and AI industry in meetings with top U.S. corporations in New York, as the Communist-ruled nation seeks more investment from tech firms and other American companies.

During the communist party chief’s five-day visit to New York, Vietnamese and U.S. firms have signed a number of economic agreements.

Vietnam's President To Lam pledged to boost the domestic tech economy, as he met top U.S. firms in New York, including Meta , which pledged to expand investments in the Communist-ruled country with a population of 100 million.

Biden and Lam, the ruling Communist Party chief making his first visit to the U.S. as president, met on the sidelines of the United Nations General Assembly in New York. A senior U.S. official said they discussed how to accelerate a strategic partnership agreed to last year.

Analysts say the talks, which touched on topics such as tech cooperation and the South China Sea, highlighted the growing importance of bilateral ties

Vietnam's president and ruling Communist Party chief To Lam is set to meet representatives from several U.S. corporations, including Google and Meta, during a visit to the United States next week, two people briefed about the plans told Reuters.

Vietnam's Party General Secretary and President To Lam had a meeting with U.S. President Joe Biden in New York on Wednesday (local time) as part of his trip for the 79th session of the U.N. General Assembly (UNGA).