Singapore (VNA)🧸 – Low-cost carrier Vietjet Air has signed contracts worth over 3 billion 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 component 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 Aviation Safety Agency’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.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustration photo. (Photo: VNA)
