5.23.16: Obama drops arms embargo on Vietnam
HANOI, Vietnam (AP) — President Barack Obama has removed a half-century old ban on selling arms to Vietnam.
Obama, who’s on a three-day visit to the country, says, “both sides have established a level of trust and cooperation, including between our militaries, that is reflective of common interests and mutual respect.”
Obama steered clear of harsh condemnation of what critics see as Vietnam’s abysmal treatment of dissidents.
Meanwhile, Boeing has announce it’s selling 100 aircraft worth about $11.3 billion at list prices to Vietnam’s VietJet as the airline seeks to expand its international and domestic flights.
It was the single largest airplane purchase by Vietnam, according to the Chicago company.
The deal was signed in Hanoi, Vietnam, and witnessed by President Barack Obama.
VietJet will also buy $3 billion worth of airplane engines from Pratt & Whitney, a manufacturer owned by United Technologies Corp., based in Farmington, Connecticut.