Airbus eyes supply chain expansion in Vietnam

By Thuy Tuong
Tue, March 21, 2023 | 4:21 pm GMT+7

European aerospace giant Airbus is recommitting to expanding its supply chain in Vietnam as part of the company's ongoing efforts to optimize operations and better serve customers.

The comments were made by Hoang Tri Mai, Airbus chief representative in Vietnam, during her keynote speech at Vietnam Aviation Forum 2023 in Hanoi on Tuesday.

Vietnam has been identified as a country with great potential thanks to its highly skilled and motivated workforce, vibrant manufacturing sector, and highly developed infrastructure, she said. Therefore, Airbus sees opportunities to further tap the country's growth potential.

"Vietnam is a country that has made remarkable progress in recent years, and we are excited to be a part of its continued growth," Mai said.

"Airbus is already in close discussions with local companies to provide new work packages in aircraft parts manufacturing, as we develop a robust supply chain that meets the highest standards of quality, safety, and sustainability."

An Airbus hangar in Sepang, ‎Selangor‎, ‎Malaysia. Photo courtesy of the corporation.

An Airbus hangar in Sepang, ‎Selangor‎, ‎Malaysia. Photo courtesy of the corporation.

Airbus’ existing partnerships in aircraft parts manufacturing include Artus (Meggitt) Vietnam in Ho Chi Minh City for the supply of electro-mechanical equipment for the A320 family and for the A330 and A350 widebody programs, and Nikkiso Vietnam in Hanoi for the supply of composite structures for the A320 sharklet and A330neo and A350 aerostructure parts.

Airbus is a leading aircraft supplier of airlines in Vietnam, with more than 220 in the fleets of Vietnam-based carriers and another 110 on order for future delivery, the European giant says.

The expansion of Airbus' supply chain in Vietnam will also contribute to the economic development of the country. Today, Vietnam’s air transport sector supports 2.2 million jobs and contributes $12.5 billion in gross value or 5.2% to its GDP.

In terms of sustainability, Airbus is also exploring ways to support the Vietnamese government and other stakeholders to meet the country’s decarbonization goals, the corporation says.

As Vietnam’s ecosystem is being prepared for the use of sustainable aviation fuels, Airbus is leading the way in ensuring a more sustainable future for aviation. This is being achieved through the introduction of new-generation aircraft that are more fuel-efficient, and in optimizing airline operations with Airbus’ Navblue subsidiary expertise in airspace management.

Boeing, a major competitor to Airbus, is also seeking to get more suppliers in Vietnam. Boeing executives are joining the largest-ever U.S. business mission in the country on March 21-23 to discuss investment and business opportunities.

At Boeing Aerospace Industry Forum in Hanoi last August, Boeing Vietnam country director Michael Nguyen said the American giant wanted to become a strategic aircraft supplier in Vietnam and was seeking more domestic suppliers.

Comments (0)
  • Read More
ABBank incurs $14 mln loss in Q3

ABBank incurs $14 mln loss in Q3

Hanoi-headquartered An Binh Commercial Joint Stock Bank reported a pre-tax loss of VND343.5 billion ($13.59 million) in the third quarter of this year, while some other private Vietnamese banks posted strong profits.

Banking - Thu, October 31, 2024 | 9:29 pm GMT+7

Vietnam’s emergence as regional manufacturing hub a significant logistics opportunity: SuperPort exec

Vietnam’s emergence as regional manufacturing hub a significant logistics opportunity: SuperPort exec

Southeast Asia’s rise as a vital logistics hub with Vietnam positioned as a key manufacturing center presents a significant business opportunity, says Yap Kwong Weng, CEO of Vietnam SuperPort.

Companies - Thu, October 31, 2024 | 9:01 pm GMT+7

Indonesia steps up support for textile industry

Indonesia steps up support for textile industry

Indonesia’s President Prabowo Subianto held a close-door meeting with several ministers on Tuesday to discuss the current situation of Indonesia's textile industry, particularly focusing on textile giant Sri Rejeki Isman (Sritex).

Southeast Asia - Thu, October 31, 2024 | 6:01 pm GMT+7

Thailand speeds up plans to construct six new airports

Thailand speeds up plans to construct six new airports

Thailand’s Transport Ministry is accelerating development and construction projects on six airports with an aim to become the region's transportation hub.

Southeast Asia - Thu, October 31, 2024 | 6:00 pm GMT+7

Thailand develops eco-friendly seaport model

Thailand develops eco-friendly seaport model

Thailand is striving to implement environmental protection and social sustainability solutions in developing the country’s major infrastructure projects, such as the development of Phase 3 of Laem Chabang Port, Thailand's only deep-sea port.

Southeast Asia - Thu, October 31, 2024 | 5:58 pm GMT+7

Indonesia intensifies oil palm cultivation to meet biodiesel demand

Indonesia intensifies oil palm cultivation to meet biodiesel demand

Indonesia is expanding its oil palm cultivation to increase crude palm oil (CPO) production as a raw material for 50% biodiesel (B50), according to the country’s Ministry of Agriculture.

Southeast Asia - Thu, October 31, 2024 | 5:56 pm GMT+7

Malaysia’s first domestic EV model opens for booking

Malaysia’s first domestic EV model opens for booking

The Malaysian multinational automotive company Proton's first electric vehicle (EV), the e.MAS 7, is now open for booking.

Southeast Asia - Thu, October 31, 2024 | 5:54 pm GMT+7

Thailand aims to become emerging leader in AI

Thailand aims to become emerging leader in AI

Thailand is positioning itself as an emerging leader in artificial intelligence (AI) regulation and development, thanks to policies that support an approach that balances technological innovation with ethical considerations and workforce protection.

Southeast Asia - Thu, October 31, 2024 | 5:53 pm GMT+7

Vietnam PM calls for more investment from Qatar’s $475 bln sovereign wealth fund

Vietnam PM calls for more investment from Qatar’s $475 bln sovereign wealth fund

Vietnamese Prime Minister Pham Minh Chinh has called on the Qatar Investment Authority (QIA), Qatar's sovereign wealth fund with total assets amounting to $475 billion as of 2023, to ramp up its investment in Vietnam.

Industries - Thu, October 31, 2024 | 4:43 pm GMT+7

FPT Retail earns $6.5 mln in Q3 profit, to expand FPT Shop chain

FPT Retail earns $6.5 mln in Q3 profit, to expand FPT Shop chain

Vietnamese retail major FPT Retail made a profit after tax of VND165 billion ($6.52 million) in the third quarter of this year, while it incurred a loss of VND13 billion ($514,000) in the same period last year.

Companies - Thu, October 31, 2024 | 3:56 pm GMT+7

Germany’s PNE opens rep office for $4.6 bln offshore wind project in central Vietnam

Germany’s PNE opens rep office for $4.6 bln offshore wind project in central Vietnam

Germany’s PNE AG, a leading developer of renewable energy projects, has shown its determination to proceed with a mega offshore wind power project in central Vietnam by opening a representative office there.

Energy - Thu, October 31, 2024 | 2:43 pm GMT+7

Saudi Arabian energy giant ACWA Power ready to invest $5 bln in Vietnam

Saudi Arabian energy giant ACWA Power ready to invest $5 bln in Vietnam

Saudi Arabian private energy giant ACWA Power stands ready to invest up to $5 billion in Vietnam, a senior executive said Wednesday.

Industries - Thu, October 31, 2024 | 2:39 pm GMT+7

Effective M&A deal depends on thorough understanding, value addition potential: Kido exec

Effective M&A deal depends on thorough understanding, value addition potential: Kido exec

An effective M&A transaction depends on fully understanding the company being acquired in order to create added value, says Kido Group CEO Tran Le Nguyen.

Companies - Thu, October 31, 2024 | 1:22 pm GMT+7

No budget apartments in Vietnam, chronic supply-demand gap widens

No budget apartments in Vietnam, chronic supply-demand gap widens

Vietnam saw no supply or transaction of low-cost apartments priced below VND25 million ($988) per square meter in the third quarter, says a real estate report by the Ministry of Construction.

Real Estate - Thu, October 31, 2024 | 1:10 pm GMT+7

Vietnam steel major SMC remains bogged down with difficulties

Vietnam steel major SMC remains bogged down with difficulties

Steel manufacturer SMC Trading Investment JSC has been actively selling assets to generate cash for debt repayment and maintain operations since the beginning of this year.

Companies - Thu, October 31, 2024 | 10:41 am GMT+7

Vinhomes’ earnings fall 39% to $777 mln in Jan-Sep

Vinhomes’ earnings fall 39% to $777 mln in Jan-Sep

Vinhomes, the largest residential housing developer in Vietnam, booked a net profit of VND19,642 billion ($777 million) in the first three quarters this year, down 39.2% year-on-year.

Companies - Thu, October 31, 2024 | 9:58 am GMT+7