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The White House also announced plans by Microsoft (MSFT.O) to make a "generative AI-based solution tailored for Vietnam and emerging markets."

Nvidia (NVDA.O) will also partner with Vietnam's FPT, Viettel and Vingroup (VIC.HM), VinFast's parent company, on AI in the country, it said.

The White House also highlighted the number of chip-related investments by U.S. firms in Vietnam, including plans by Marvell and Synopsys (SNPS.O) to build chip design centres in the country.

A new $1.6 billion Amkor factory near Hanoi that will assemble, package and test chips is due to start operations in October, it added.

The investment value is on par with Intel's $1.5 billion chip assembling plant in the south of the country - the company's biggest worldwide. Sources said earlier this year that it may be expanded.

U.S. conglomerate Honeywell (HON.O) will cooperate with a Vietnamese partner to launch a pilot project to develop Vietnam's first battery energy storage system, the White House also said.

U.S. State Secretary Antony Blinken and Vietnam's investment minister Nguyen Chi Dung chaired the meeting, which was followed by discussions with Biden and Vietnam's Prime Minister Pham Minh Chinh.

Dung also told the meeting that he hoped Vietnamese companies could expand in the United States and join the globlal supply chain, according to a government statement.