Singapore (VNA) –🐠 Low-cost carrier Vietjet Air has signed contracts worth over 3 bil𒈔lion USD at Asia ’s largest aerospace exhibition, the Singapore Airshow 2016.
Pratt & Whitney, a company under the US United Technologies Corp., will supply the newest line of PurePower Geared Turbofan engines for powering Vietjet’s A320 neo and A321neo aircraft.
The carrier also signed a deal worth 60 million USD with SR Technics group from Switzerland for compon♑ent and maintenance services for its A320 and A321 fleet.
The contract marks a milestone in the relationship between the two companies, expanding on the success of the long term CFM-5B engine services partnership, signed in early 2015.
At the air show, Airbus signed an agreement to provide flight and maintenance training services for A320’s to Vietjet in Ho Chi Minh City .
These will be delivered within the Airbus Competence Training (ACT) classroom concept, while bringing Airbus’ and European Av𒊎iation Safety Agenc𝐆y’s standards to the Vietjet training organisations.
Vietjet currently operates 34 A320 and A321 aircraft and conducts nearly 200 flights a day on 47 domestic and international routes, including flights to Singapore, the Republic of Korea, China, Thailand and Myanmar.-VNA
The Civil Aviation Authority of Vietnam has recently asked domestic carriers including Vietnam Airlines, Jetstar Pacific and VietJet Air to draw up airfare discount plans before January 10, 2016.
Deputy Prime Minister Hoang Trung Hai requested Vietnam's aviation industry to create breakthroughs in building and upgrading airports in a bid to name it in the top four in ASEAN.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustration photo. (Photo: VNA)
