Boeing seeks to boost supply chain in Vietnam

By Thuy Tuong
Fri, May 12, 2023 | 4:50 pm GMT+7

Boeing opened its new permanent Vietnam office in Hanoi on Friday as the aerospace giant embarks on its mission to turn the country into a major supplier for the global aerospace industry.

Brendan Nelson, president of Boeing Global, joins the launch of his company's new permanent Vietnam office in Hanoi on May 12, 2023. Photo courtesy of Financial Review.

Brendan Nelson, president of Boeing Global, joins the launch of his company's new permanent Vietnam office in Hanoi on May 12, 2023. Photo courtesy of Financial Review.

“Vietnam is one of our most important countries. It is among our top 20 nations globally,” said Brendan Nelson, president of Boeing Global. “We have six existing suppliers and we're working with five others that we're bringing up to speed.”

“Boeing is doing everything we can to assist Vietnamese airlines in operations and in the acquisition of new aircraft,” said the top Boeing executive.

“Vietnam is a respected and influential member of ASEAN. It has deeply committed to the Indo-Pacific economic framework. A nation of 100 million people with economic growth in excess of 6%, and our determination is to do everything we can to support the further development and growth of the aviation industry in Vietnam.”

Nelson recalled the first Boeing Vietnam Aviation Industry conference late last year.

“This attracted 100 companies, suppliers, and universities. And of course, Vietnamese aviation officials. In March this year, we held a four-day seminar to provide training and assistance in every aspect of airport and aviation management. And we have also held a suppliers’ conference.”

Asked about the role of the new permanent office, he said: “The purpose of the permanent office is to house our growing workforce, to demonstrate to the Vietnamese government, the aviation industry, and the Vietnamese people that this is a permanent and long-term commitment to aviation in Vietnam by Boeing.”

Nelson stressed: “The number of people that we employ, Vietnamese people that we employ, will grow.”

The executive said Boeing stands by the Vietnamese government’s commitment to net zero emissions by 2050.

“We are completely committed to decarbonizing aviation, and every aspect of aviation in the manufacture of aircraft, in the management of energy and waste, and of course, the use of fuels.

“We admire the vision of the Vietnamese government in working and investing in hydrogen. Boeing has been doing a lot of work testing hydrogen-powered and electric-powered aircraft.”

Over the next 30 years, the key solution is sustainable aviation fuel (SAF), he explained. Boeing has almost completed a detailed study of the production of SAF, feedstock, sources, and others

“This is an area where we would like to work with Vietnam because Vietnam is ideally placed for the feedstock for SAF, and perhaps its production.”

Boeing would like to explore with Vietnam how the giant can work together for the production of and uptake of SAF for aviation whilst seeing a longer-term place for hydrogen, Nelson added.

Boeing has been a partner of Vietnam’s aerospace sector for almost three decades and has focused on capacity building and collaboration with Vietnamese companies in manufacturing, engineering services, aviation safety, sustainability, and research and technology.

Comments (0)
  • Read More
HCMC's first metro line officially operational after nearly 2 decades

HCMC's first metro line officially operational after nearly 2 decades

The first urban railway line in Ho Chi Minh City, named Ben Thanh-Suoi Tien, officially started commercial operations on Sunday after nearly two decades of waiting.

Infrastructure - Sun, December 22, 2024 | 2:17 pm GMT+7

Vietnam's 2025 GDP to grow 6.5% on robust infrastructure investment, consumer spending recovery: VinaCapital

Vietnam's 2025 GDP to grow 6.5% on robust infrastructure investment, consumer spending recovery: VinaCapital

Domestic factors, including a ramp-up in Government infrastructure spending, a revival of the real estate market, and a recovery of consumer spending, will help sustain Vietnam's GDP growth at a circa 6.5% pace next year, in-line with the National Assembly’s official target and with 2024 GDP growth, write Michael Kokalari, chief economist at VinaCapital.

Consulting - Sun, December 22, 2024 | 2:00 pm GMT+7

Vietnam shipping, seaport stock rally driven by rosy outlook in 2025

Vietnam shipping, seaport stock rally driven by rosy outlook in 2025

Many shipping and port stocks have risen sharply since November on an optimistic outlook for the industry driven by increasing throughput and a shift in container shipping alliances in 2025.

Companies - Sun, December 22, 2024 | 10:00 am GMT+7

Singapore’s Platinum Victory seeks to raise stake in Vietnam’s REE to nearly 45%

Singapore’s Platinum Victory seeks to raise stake in Vietnam’s REE to nearly 45%

Singaporean fund Platinum Victory Pte. Ltd. has registered to buy another 16.8 million shares in Ho Chi Minh City-based utility firm Refrigeration Electrical Engineering Corporation (REE), aiming to increase its ownership to nearly 45%.

Finance - Sun, December 22, 2024 | 9:29 am GMT+7

1.8 km road connecting Lach Huyen Port terminals to be built in northern Vietnam

1.8 km road connecting Lach Huyen Port terminals to be built in northern Vietnam

The Hai Phong Economic Zone Management Board has taken a significant step forward in enhancing infrastructure around Lach Huyen Port by establishing a council to appraise the environmental impact assessment for the road connecting terminals No. 3 to No. 6.

Economy - Sun, December 22, 2024 | 8:00 am GMT+7

Hanoi TikToker internationally wanted for involving in multi-billion-dollar scam

Hanoi TikToker internationally wanted for involving in multi-billion-dollar scam

Hanoi police have issued an international arrest warrant for Le Khac Ngo, known as "Mr. Hunter," a key accomplice in a recently-dismantled massive foreign exchange and securities fraud ring.

Society - Sat, December 21, 2024 | 10:57 pm GMT+7

Unlocking Phu Quoc’s potential to become the 'Hawaii of the East'

Unlocking Phu Quoc’s potential to become the 'Hawaii of the East'

Leading global tourism companies have remarked that Phu Quoc has "yet to receive the recognition it deserves," despite its impressive and unexpected growth rate.

Travel - Sat, December 21, 2024 | 7:20 pm GMT+7

Thai central bank maintains policy interest rate at 2.25%

Thai central bank maintains policy interest rate at 2.25%

The Thai Chamber of Commerce (TCC) has said it backs the decision by the Bank of Thailand, the country's central bank, to maintain the policy interest rate at 2.25%, considering the move as suitable for a reviving economy.

Southeast Asia - Sat, December 21, 2024 | 5:43 pm GMT+7

Vietnam's military-run tech giant Viettel strikes big deals at international defence expo

Vietnam's military-run tech giant Viettel strikes big deals at international defence expo

Subsidiaries of Military Industry and Telecommunications Group (Viettel) signed a string of significant contracts with major global partners during the first two days of the Vietnam International Defence Expo 2024 in Hanoi.

Companies - Sat, December 21, 2024 | 5:36 pm GMT+7

Taiwan’s Wistron acquires 37ha land lot in northern Vietnam for expansion

Taiwan’s Wistron acquires 37ha land lot in northern Vietnam for expansion

Taiwan-headquartered Wistron, a top electronics provider and an Apple supplier, will further its investment in Vietnam’s northern province of Ha Nam by acquiring another 37.1-hectare land lot.

Companies - Sat, December 21, 2024 | 2:08 pm GMT+7

VAFIE seeks to promote sci-tech development, intellectual property policies

VAFIE seeks to promote sci-tech development, intellectual property policies

The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) aims to enhance policies for the development of science, technology, and intellectual property, creating a more conducive investment environment.

Companies - Sat, December 21, 2024 | 1:59 pm GMT+7

Vietnamese dong likely to depreciate 3% in 2025: VinaCapital

Vietnamese dong likely to depreciate 3% in 2025: VinaCapital

The Vietnamese dong is likely to depreciate 3% in 2025 on anticipation that the US Dollar/DXY Index will finish 2025 nearly unchanged, says Michael Kokalari, chief economist at Vietnam's leading fund manager VinaCapital.

Economy - Sat, December 21, 2024 | 11:23 am GMT+7

First luxury railway journey across Vietnam features Indochine architecture

First luxury railway journey across Vietnam features Indochine architecture

PYS Travel has launched the first luxury railway journey across Vietnam named Sjourney, marking a new milestone in the railway tourism sector.

Travel - Sat, December 21, 2024 | 10:09 am GMT+7

Vietnam among 40 most beautiful countries: US publication

Vietnam among 40 most beautiful countries: US publication

Vietnam has secured the 36th position in the ranking of the 40 most beautiful countries in 2024 in a testament to its undeniable charm and appeal, according to US News & World Report.

Travel - Sat, December 21, 2024 | 10:04 am GMT+7

Foxconn to invest $16 mln more in Vietnam’s Quang Ninh province

Foxconn to invest $16 mln more in Vietnam’s Quang Ninh province

Competition Team Technology (Vietnam) Company Limited, a subsidiary of Foxconn, will invest an extra $16 million in its “S- Vietnam” project in the northern coastal province of Quang Ninh.

Industries - Sat, December 21, 2024 | 9:53 am GMT+7

Vietnam’s small- and medium-sized businesses embrace digitization to weather global expansion risks: survey

Vietnam’s small- and medium-sized businesses embrace digitization to weather global expansion risks: survey

While global expansion remains a key priority for the country's small- and medium-sized businesses (SMBs), achieving this goal requires overcoming challenges by leveraging the right talent and advanced technologies, including AI, according to Payoneer’s findings.

Companies - Sat, December 21, 2024 | 7:56 am GMT+7