going to the same survivors from the rambling flats and the villages, a power catch up next, the w business. how the waste is looking to vietnam to reduce its dependence on trade with china. i've been for the length, but once we'll have your business the see our new real time service topic. what is the current situation in ukraine? dw frontline reform. connelly answers your question. he's been reporting about the war and its effect on people since it began and take your questions at youtube dot com slash dw. ask dw, in 45 minutes on d, w. we

say there about never giving up every weekend on dw, the, the us signs a historic deal with vietnam president j abide and sees the country is by to the ending americas reliance on chinese trade. we'll look into why different a you competition, commission and law grace of the stay at sea. and just as a front runners to be the new boss in your opinion, investment bank and using tax to change the tax rates a hodge and sent in on for from the is established. digital playground. the state of you. but since i'm a box involved and welcome to the program,

the us and vietnam have signed a deal to help them both loosen their alliances on china. during the visit president joe biden agrees to a comprehensive, strategic partnership between the 2 nations. under the deal to us to provide support to vietnam's micro chip production industry, the communist government. and how do i have describes the agreement with its fullness, both time for this historic. but let's get a great understanding of the role of the vietnam is starting to play as an asian counter wait to china and speak to alicia augusta herero chief economist for asian pacific as investment bank and the texas. thanks a lot for being with us on date of your business. can you just explain to his why the us would be so interested in deafening economic ties with it? now? where there's a ton of reasons. first, the phone number is possibly the best place for them, a shuffle of supply chains away from china. this is because you have numbers,

major manufacturing have already today, but safe for me and very important me. the number actually has a lot of critical raw materials for the production of green technology, especially solar panels and, and back pretty significant batteries. so. so this is something that not every country in the region can do, give them time. and that's very important for the us projects in terms of um, basically either reassuring for that matter or production of bring tech or sending it back to, to be as a, as a way to come through by then all of the imports from china. and then i'm something of a, an asian success stories in the past few decades, isn't it? and it has more recently made the shift from being, you know, primarily reliance on the offering results of life natural resources. and i'll say in a bit of labor to being a producer in his own right. how's he wants to do that?

well, you know, in the same way as china, the number is also the country we accessed savings. it's a very similar model of development by which you repress, basically, wages and in key and the return on investment rather low because based assess investment. i'm that makes it easier for you to basically finance. so impressed structure. you have, look, just to go for structure for, for trade and, and with those rather low wages for engineers. you name it, you, you create, you know, the environment for, for investors to come and manufacture in getting them. you mentioned the similarities the vietnam does have like china or another. one of them is that it is a country run by a communist party. how much is that? something that the likes of the united states and the likes of the you must take

into account when they consider to close the ties with vietnam. that's what i would say that it said and then be violence. situation on the one hand in i think there's always worries and by the way, there was a shuffling of the vietnamese need their see if she's back in late december, which date a raised some eyebrows in, in the west because basically the most western educated leaders were out it so you know, there was the spirit i see as you are right. he pointed out that maybe it could be following the chinese model in particular because actually the, the president of the party in the company's party, actually decision making on the before and really weeks before these events. so, you know, there's always this, this fear that them and then i'm going to spark, it will become waiting for basically said you being stressed lifting terms,

becoming much more like a smart tv might say. but on the other hand, if not, needs to stay away from being too senior to china because it goes from history yet 1000 years that it can both so close that he, you know, he gets in golf to basically buy china so. so that's kind of the, the, the type role that it did not needs to, to, to walk the economist elisia garcia herrera that. let's take a look at some of the other global business stories that in making the news. been ahmed lions has signed a $7800000000.00 deal with a company fi truck. boeing delegation from the play and i could respond to present by these visits to handle the white house that says the order was about 30000 jobs with us. for the fighting c o, an chapman of china is alibaba group as unexpectedly and as he will no longer had the company's cloud business role he had moved into just 2 months ago. is that

daniel john will had a $1000000000.00 investment fund. alibaba funds to establish in german comic a, b m. w assessment to spend $750000000.00 to make as many brands. all electric by 2030. it says the next generation many will again be built in the u. k. if it's fox, the fox news, another piece for that particular ortho, our industry i think is a french cit. link on such that that box marguerite, of a stay is being considered a front runner for the top post. either your pay and investment bank. currently they use competition commission of us that has made a name for herself with a tough approach to big tech. she's competing against several of the policy makers to run the landing almost c e u d i b is considered a key player and funding your transition to was a net 0. com. and i'm a more digitized here economy. a database steven busily has been speaking to

marguerite, of a staff. he asked why she was interested in the job as well as the european investment bank allows you to put your money away. your mouth is all these strategies that we have, that it actually happens on the ground. so i think it's a rare chance of making sure the things actually happening. we have the strategies we have the targets. but we also need something to happen that people can see that changes really come and you said that you want the e i b to be to be faster, to raise its profile somewhat from the past years. what do you mean by that? exactly? can you give us examples? yeah, i think right now it takes more than a year and a half, maybe more, on average before you have a lending agreement. and that means that's someone who has another option. they go somewhere else and those who must wait. they then wait, and that is not satisfying. you want equal treatment. you also hear want, you know, a fair chance for everyone. so the bank needs to be foster. why maintaining the

quantity of each work? because, you know, we, in the hallway, europe has challenges in infrastructure, in energy, in our green transition. so of course, the bank needs to be there for the people that need the financing. many see this potentially as a high profile position in the coming years because of those challenges. challenges you mentioned as well as the reconstruction of ukraine. you just touched on energy . one of the big questions here is whether the e, i b will finance nuclear projects. this seems to be a sticking point for france in particular, we know how seriously they've depended on nuclear energy. what do you say to that? well, it's for every country to decide their own energy mix. some have chosen nuclear, some have chosen not to have nuclear. that are respect info, it's is your right to the bank should not be a political fighting ground, because then you get distracted from your mission to invest where investments are

needed. i'm completely pragmatic. if there is a european approach to say, well, we should finance nuclear while we should do that, but it should not be for the bank to take aside in that decision. because just as well as some are really in favor. so not really, really against it. and i think that is for a political discussion and not for a bank to the site. and you can see the rest of that interview by stephen, basically with marguerite, of a staff on the data in use youtube channel. now, as technology takes massive leaps forward, it can be difficult for people in developing nations to keep up with well, few parts of the world. but tech savvy entrepreneurs are finding ways to stay on top of digital developments. is one such story from auditing, the time print and the photo magnets the deadline can dory expresses themselves best through wraps. he lives in viet printer. you know, in buenos itis, a neighborhood with

a high crime rate and we're many people live in poverty. cut off from the opportunities for a better life. a lot is grateful for a life changing educational opportunity that has come his way portrayal. digital means digital football field. it's a platform that gives him a digital education for free and left a very stigmatized here in this disadvantage neighborhood. and even just to share about this opportunities, not so easy to many people simply don't believe it. okay, i see that at the same pharmacy lessons are flexible, a laptop is provided if required, and the internet is paid for, a mentor is always on hand for any kind of questions. there is a wide choice, of course is on offer, including programming and animation. airline has chosen e commerce. he has learned how to sell products successfully on the internet. or something super market. neonatal airline now has a job which he can also build on, and his cousins, digital education has led him to study mathematics at

a university, pitt, but the part of it was when you're all participating in a shared huge screen by closing a gap who's bringing together a most dynamic market that exists in the world was mainly tech companies with the people who would never have been able to access it. but as we're not getting the next to it, i still the sort of the mission here is all about spreading the word about for travel, digital bringing neighborhoods and friends out of poverty and creating a global project. nobody got by moving the thread or dc tag. just after a reminder, the top business story that we're following for you this hour to us via now agrees do a strategic partnership to cut that trade reliance is on china. the agreement was reached as president j by to businesses. so for me, in the business team here in villains involved at over 50 to read off comp flushed the

joy ride guides know the way around the or is strictly scientific trip to some pretty what key places, curiosity is we tried tomorrow today next on d, w. w, our new real time services topic. what is the current situation in ukraine? w frontline reporter connelly answers your question. he's been reporting about the war and its effect on people since it began. then nick, your questions at youtube dot com slash dw, ask dw,

in 30 minutes, dw, the w. this is everything off. it is available to them. and it has never been since the gym and the nice memory. that's the name of the international project mortgage because sky is working on the chemist take samples from glaciers all over the world stored within the ancient ice for thousands of years of climate data. our research team wants to know, how does climate change work and what traces does it leave in the ice that and much more coming up on dw science. you welcome to tomorrow today.