Boeing seeks more Vietnamese suppliers

By Thuy Nguyen
Thu, August 25, 2022 | 7:17 pm GMT+7

Aircraft maker Boeing wants to get more Vietnamese suppliers as part of its commitments to support the country’s long-term industrial growth, Boeing Vietnam country director Michael Nguyen said Thursday.

At the Vietnam Aerospace Industry Forum hosted by Boeing in Hanoi, Nguyen said the American giant eyes becoming a strategic aircraft supplier in Vietnam and is seeking more domestic suppliers.

A Boeing 787 Dreamliner plane. Photo courtesy of Boeing.

A Boeing 787 Dreamliner plane. Photo courtesy of Boeing.

Boeing currently has seven suppliers in Vietnam but only one is a domestic firm. “That’s why we’d like to provide support to help domestic firms join the supply chain,” he said.

"The aerospace industry forum builds upon Boeing’s collaboration with Vietnam and its aviation industry over the past 25 years to expand the country’s aerospace capabilities. The significant opportunities outlined at the forum align with the government’s Make in Vietnam, Digital Vietnam, and Green Energy goals,” he added.

At the event, the aircraft maker shared its vision for increasing Vietnamese opportunities in aerospace manufacturing and training, supply chain, sustainable aviation, and research and development.

According to Boeing, its current suppliers in Vietnam are raising the bar to deliver world-class quality and productivity as they become an important part of the company’s global supply chain.

They have been manufacturing components like aerostructures, electronics, and composites for the past decade to support Boeing's commercial airplane production. Boeing has also collaborated with companies in Vietnam on best practices for lean manufacturing, supplier management, and other specialized training.

Like global tech giants Intel and Samsung, Boeing wants to expand its business in Vietnam, Nguyen said.

Do Nhat Hoang, director of the Ministry of Planning and Investment's Foreign Investment Agency, said at the forum that he hopes Boeing will set up in Vietnam training centers for pilots, experts and engineers in aerospace, as well as an aircraft manufacturing facility.

Boeing also shared at the forum its strategy to decarbonize aviation with a focus on fleet renewal, operational efficiencies, and a renewable energy transition with emphasis on sustainable aviation fuels and advanced technology.

In Vietnam since 1995, Boeing has also contributed to several community initiatives focused on science, technology, engineering and mathematics (STEM) education, providing resources to assist young adults and an emerging workforce in technical skills development.

Comments (0)
  • Read More
Initiative to position Malaysia as Southeast Asia’s digital hub

Initiative to position Malaysia as Southeast Asia’s digital hub

Malaysia is positioning itself as Southeast Asia's digital hub through its digital agenda program, a move aligned with the nation's transition towards a high-technology economy.

Southeast Asia - Thu, May 8, 2025 | 5:45 pm GMT+7

Central Vietnam province proposes including geothermal power project in national power plan

Central Vietnam province proposes including geothermal power project in national power plan

Authorities of Binh Dinh province have proposed the Ministry of Industry and Trade include the 15-megawatt Hoi Van geothermal power plant project in the revised National Power Development Plan VIII (PDP8).

Energy - Thu, May 8, 2025 | 4:56 pm GMT+7

Vietnam firms vow to intensify cooperation with US partners, facilitate country trade talks

Vietnam firms vow to intensify cooperation with US partners, facilitate country trade talks

Major Vietnamese enterprises have committed to intensifying cooperation with U.S. partners from now until June 2025 to realize signed agreements and MoU, paving the way for trade talks with the U.S.

Economy - Thu, May 8, 2025 | 4:19 pm GMT+7

Phu My Fertilizer becomes main sponsor of Vietnam Women’s Volleyball Team

Phu My Fertilizer becomes main sponsor of Vietnam Women’s Volleyball Team

PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo – Phu My) has become the main sponsor of the Vietnam Women’s Volleyball Team, the firm announced in a Wednesday release.

Companies - Thu, May 8, 2025 | 4:15 pm GMT+7

AES earns $12 mln in Q1 pre-tax income from coal-fired power plant in Vietnam

AES earns $12 mln in Q1 pre-tax income from coal-fired power plant in Vietnam

U.S.-based energy giant AES Corporation earned a pre-tax income of $12 million from the Mong Duong 2 coal-fired power plant in Vietnam’s northern province of Quang Ninh in the first quarter of this year.

Companies - Thu, May 8, 2025 | 3:33 pm GMT+7

Vietnam insurer Pjico stock plummets amid insurance sector gains

Vietnam insurer Pjico stock plummets amid insurance sector gains

Petrolimex Insurance Corporation (Pjico) saw its stock (HoSE: PGI) tumble nearly 6% on Wednesday, which contrasts with the broader insurance sector which posted solid gains of 1.77%, second only to telecommunications (2.54%).

Companies - Thu, May 8, 2025 | 3:21 pm GMT+7

Vietnam tech unicorn VNG reports loss for 7th straight quarter

Vietnam tech unicorn VNG reports loss for 7th straight quarter

VNG Corporation, Vietnam’s first tech unicorn, recorded a post-tax loss of VND15 billion ($577,723) in Q1, marking the seventh consecutive quarterly loss, according to its Snapshot Q1/2025.

Companies - Thu, May 8, 2025 | 12:01 pm GMT+7

Vietnam's government bond auctions raise $1.62 bln in April

Vietnam's government bond auctions raise $1.62 bln in April

The Hanoi Stock Exchange (HNX) held 20 government bond auctions on the primary market in April, raising over VND42.42 trillion ($1.62 billion), the bourse reported.

Finance - Thu, May 8, 2025 | 8:32 am GMT+7

Malaysia’s investment growth in 2025 faces challenges

Malaysia’s investment growth in 2025 faces challenges

In the context of global trade uncertainty, Malaysia may not achieve a hat-trick in approved investments this year after two straight years of record-high numbers.

Southeast Asia - Wed, May 7, 2025 | 10:59 pm GMT+7

Thaco seeks to remove obstacles to hotel, bauxite projects in Vietnam's Central Highlands

Thaco seeks to remove obstacles to hotel, bauxite projects in Vietnam's Central Highlands

Thaco expects the Central Highlands province of Lam Dong to help the multi-industry corporation remove barriers to its hotel, bauxite, and aluminum projects in Da Lat town, said a company representative.

Industries - Wed, May 7, 2025 | 10:55 pm GMT+7

Q1 proves tough for Vietnam's oil and gas giants

Q1 proves tough for Vietnam's oil and gas giants

Profits for major Vietnamese oil companies dropped significantly in Q1, as global oil prices plunged, driven by U.S. tax policy shifts and the ongoing Russia-Ukraine war.

Companies - Wed, May 7, 2025 | 5:06 pm GMT+7

How much is your identity worth?

How much is your identity worth?

With 87% of Vietnamese adults having bank accounts and approximately 95% of transactions conducted via online channels, how banks can protect their customers’ personal data has become important more than ever, writes Phillip Wright, chief operating officer at HSBC Vietnam.

Consulting - Wed, May 7, 2025 | 4:01 pm GMT+7

Foxconn plans to expand product portfolio at $200 mln plant in central Vietnam

Foxconn plans to expand product portfolio at $200 mln plant in central Vietnam

Fu Wing Interconnect Technology (Nghe An) Co., Ltd., a subsidiary of Taiwan-based electronics giant Foxconn, plans to expand the range of products at its $200 million factory in Vietnam’s central province of Nghe An.

Industries - Wed, May 7, 2025 | 3:35 pm GMT+7

Sumitomo okayed to build 4th industrial park in Vietnam

Sumitomo okayed to build 4th industrial park in Vietnam

With an industrial park to develop in the central province of Thanh Hoa, Japan's Sumitomo will expand its industrial real estate portfolio in Vietnam to four projects amid rising FDI inflows.

Industrial real estate - Wed, May 7, 2025 | 2:16 pm GMT+7

Vietnam upholds 8% GDP growth target despite US tariff turmoil

Vietnam upholds 8% GDP growth target despite US tariff turmoil

The Vietnamese Government is persistent with its 8% growth goal though disadvantages outweigh advantages, with a focus on solutions to respond to U.S. reciprocal tariffs, PM Pham Minh Chinh told a cabinet meeting on Tuesday.

Economy - Wed, May 7, 2025 | 12:42 pm GMT+7

Vietnam's sugar major Quang Ngai Sugar JSC posts lowest Q1 profit in 2 years

Vietnam's sugar major Quang Ngai Sugar JSC posts lowest Q1 profit in 2 years

Quang Ngai Sugar JSC, owner of famous soy milk brand Fami in Vietnam, reported its weakest Q1 profit in two years as its sugar business struggled under pressure from smuggled and imported sugar, though the soy milk segment continued to support revenue.

Companies - Wed, May 7, 2025 | 11:14 am GMT+7