PM asks China giant Comac to make components, aircraft in Vietnam

By Thai Ha
Mon, April 14, 2025 | 6:01 pm GMT+7

Prime Minister Pham Minh Chinh has suggested Commercial Aircraft Corporation of China, Ltd. (Comac) manufacture components and aircraft, and cooperate with partners to invest in aircraft warranty, maintenance and repair centers in Vietnam.

In a meeting with He Dongfeng, chairman of Comac on Monday, the Vietnamese cabinet leader also suggested the Chinese giant support Vietnam in developing the aviation economy as well as exploiting and developing Vietnam's outer space.

Prime Minister Pham Minh Chinh receives He Dongfeng, chairman of Commercial Aircraft Corporation of China, Ltd. (Comac) in Hanoi, April 14, 2025.

Prime Minister Pham Minh Chinh receives He Dongfeng, chairman of Commercial Aircraft Corporation of China, Ltd. (Comac) in Hanoi, April 14, 2025.

He Dongfeng is visiting and working in Vietnam on the occasion of the state visit to Vietnam by China's Party General Secretary and President Xi Jinping.

According to the Vietnamese PM, during the Chinese top leader's visit to Vietnam, the two sides will discuss many important issues for bilateral future development and sign many important documents, including cooperation in the aviation sector.

Chinh said that the Party and State of Vietnam always encourage large enterprises which represent China's high levels of science and technology to invest or expand investment in transport infrastructure in Vietnam, including aviation.

On that basis, the Vietnamese Government is ready to facilitate airlines in organizing and exploiting routes between Vietnam and other countries, contributing to the development of trade, tourism, and socio-economic development.

The Prime Minister said he highly values the effective cooperation between Comac and Vietnamese budget carrier Vietjet and looks for cooperation between Comac and other Vietnamese airlines or partners in the future.

The Vietnamese leader proposed that Comac cooperate and support Vietnamese partners in developing aircraft fleets and expanding flight routes; moving towards manufacturing components and aircraft as well as developing the aviation ecosystem and the aviation economy; training high-quality human resources; and exploiting Vietnam's space.

The Prime Minister also suggested that along with cooperation in purchasing and leasing aircraft, Comac cooperate with partners to invest in aircraft warranty, maintenance, and repair centers in Vietnam.

In response, Comac chairman He Dongfeng said that after only 17 years, Comac has become a prestigious and large aircraft manufacturer.

Affirming that he will strengthen cooperation with Vietnamese partners like what PM Chinh suggested, the Comac chairrman said he hopes that the cabinet leader will regularly pay attention, support, and direct Vietnamese partners to expand the scale of cooperation with Comac, not only in developing air transport but also toward developing the aviation industry in Vietnam.

Founded in 2008 and headquartered in Shanghai, Comac had provided 160 C909 aircraft to the market as of early January 2025, with customers mainly from China.

In a statement last month, the Civil Aviation Authority of Vietnam (CAAV) said it was looking for legal framework updates from authorities this year to approve the operation of China’s Comac aircraft.

The CAAV said to fly Comac aircraft in Vietnam, the authorities must update Decree 92/2016 on conditional business sectors or activities in the civil aviation industry and Circular 01/2011 on civil aviation safety regulations.

The CAAV proposed changes to the lawmaking program 2025 to facilitate the move, according to the statement.

In November 2024, Comac said it had been partnering with Vietjet to operate its self-made airplanes in Vietnam as the former looks to tap the Southeast Asian country’s fast-growing aviation market.

In December 2024, Vietjet disclosed that it had been working with the Ministry of Transport (now the Ministry of Construction) and the CAAV to “wet lease” two Comac ARJ21 aircraft to operate some flights in Vietnam.

Comments (0)
  • Read More
Techcombank, Vingroup okayed to form life insurance firm

Techcombank, Vingroup okayed to form life insurance firm

Techcombank, a major private lender in Vietnam, said it has secured a license from the Ministry of Finance to set up a life insurance firm, with itself and leading conglomerate Vingroup as major shareholders.

Finance - Thu, July 24, 2025 | 11:04 am GMT+7

Vietnam's logistics major Gemadept completes 70% of 2025 profit plan after 6 months

Vietnam's logistics major Gemadept completes 70% of 2025 profit plan after 6 months

Gemadept Corporation, a leading port and logistics company in Vietnam, had completed 70% of the year's profit target set by its AGM after six months.

Companies - Thu, July 24, 2025 | 8:53 am GMT+7

Danish Ambassador, Carlsberg Vietnam's meeting with Hue city's administration reflects long-term partnership commitments

Danish Ambassador, Carlsberg Vietnam's meeting with Hue city's administration reflects long-term partnership commitments

The recent visits by Danish Ambassador Nicolai Prytz and Carlsberg Vietnam leadership to the Hue city People's Committee reaffirm their commitment to long-term partnership and sustainable development.

Companies - Thu, July 24, 2025 | 8:00 am GMT+7

Vietnam’s digital asset market attracts major players

Vietnam’s digital asset market attracts major players

Domestic securities firms, investment funds, and prominent technology companies both in and outside Vietnam are actively positioning themselves to tap into the country’s growing digital asset and cryptocurrency market.

Finance - Wed, July 23, 2025 | 11:55 pm GMT+7

Vietnam's Deputy PM pledges support for German group's vocational projects

Vietnam's Deputy PM pledges support for German group's vocational projects

Deputy Prime Minister Nguyen Chi Dung welcomed German-based Avestos Group's interest in promoting investment and business cooperation in Vietnam, emphasizing the continued positive development of the Vietnam-Germany Strategic Partnership across all sectors.

Companies - Wed, July 23, 2025 | 11:48 pm GMT+7

SP Group partners with Hoa Sen Group for Vietnam’s first industrial cooling-as-a-service offering

SP Group partners with Hoa Sen Group for Vietnam’s first industrial cooling-as-a-service offering

SP Group (SP) recently announced a partnership with Hoa Sen Group, one of Southeast Asia’s leading steel manufacturers, to introduce Vietnam’s first Industrial Cooling-as-a-Service (CaaS) offering.

Companies - Wed, July 23, 2025 | 11:42 pm GMT+7

'Green' products more costly than traditional ones: exec

'Green' products more costly than traditional ones: exec

Products manufactured using eco-friendly processes are often more expensive than traditional ones, posing a major challenge for businesses transitioning to green production, said Nguyen Bich Dien, deputy general director of Fashion Link JSC (Faslink).

Companies - Wed, July 23, 2025 | 11:35 pm GMT+7

US agrees to reduce tariffs for Philippines

US agrees to reduce tariffs for Philippines

U.S. President Donald Trump on Tuesday, July 22 agreed to reduce tariffs on the Philippines by one percentage point, after what he termed a successful meeting with his Philippine counterpart Ferdinand Marcos.

Southeast Asia - Wed, July 23, 2025 | 11:18 pm GMT+7

White House releases US-Indonesia trade deal framework

White House releases US-Indonesia trade deal framework

The U.S. and Indonesia have agreed to a framework for negotiating an Agreement on Reciprocal Trade to strengthen the bilateral economic relationship, which will provide both countries’ exporters unprecedented access to each other’s markets, the White House stated in a joint statement on July 23 (Vietnam time).

Southeast Asia - Wed, July 23, 2025 | 11:15 pm GMT+7

Vietnam's Ministry of Finance proposes 20% tax on capital gains from securities, equity transfers

Vietnam's Ministry of Finance proposes 20% tax on capital gains from securities, equity transfers

The Ministry of Finance has proposed a significant change to the personal income tax regime applied to capital gains from securities and equity transactions, shifting from the current flat-rate method to taxing actual profits.

Finance - Wed, July 23, 2025 | 11:04 pm GMT+7

Binh Minh Plastics reports all-time high profit in Q2

Binh Minh Plastics reports all-time high profit in Q2

Improved sales revenue and a higher gross profit margin of 47% helped Binh Minh Plastics JSC, a leading plastics company in Vietnam, post a record after-tax profit of nearly VND330 billion ($12.62 million) in Q2/2025.

Companies - Wed, July 23, 2025 | 10:44 pm GMT+7

Obstacles for renewables projects must be removed before July 25: Vietnam PM

Obstacles for renewables projects must be removed before July 25: Vietnam PM

Prime Minister Pham Minh Chinh has requested ministries, local administrations, and state-owned Vietnam Electricity (EVN) to remove obstacles for wind and solar power projects before July 25.

Energy - Wed, July 23, 2025 | 6:34 pm GMT+7

Sumitomo eyes more energy, railway, smart cities opportunites in Vietnam

Sumitomo eyes more energy, railway, smart cities opportunites in Vietnam

Sumitomo seeks to further cooperation with Vietnam in the fields of energy, railways, and smart cities development, said Yukihito Honda, managing executive officer at the Japanese corporation.

Economy - Wed, July 23, 2025 | 5:13 pm GMT+7

Tyre firms struggle despite lower rubber prices

Tyre firms struggle despite lower rubber prices

The recent decline in natural rubber prices, typically seen as a positive signal for the tyre industry due to reduced input costs, has not brought the expected improvement in profitability.

Companies - Wed, July 23, 2025 | 3:40 pm GMT+7

ADB forecasts 6.3% GDP growth rate for Vietnam in 2025, country aims for 'at least 8%'

ADB forecasts 6.3% GDP growth rate for Vietnam in 2025, country aims for 'at least 8%'

The Asian Development Bank on Wednesday revised its Vietnam GDP growth projection down to 6.3% in 2025 and 6% in 2026, from 6.6% and 6.5% in April, respectively.

Economy - Wed, July 23, 2025 | 3:08 pm GMT+7

Vinhomes to start construction on $155 mln industrial park project in northern Vietnam in early 2026

Vinhomes to start construction on $155 mln industrial park project in northern Vietnam in early 2026

Vinhomes, the real estate arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), is expected to commence construction of an industrial park in Hai Phong in the first quarter of 2026.

Industrial real estate - Wed, July 23, 2025 | 10:19 am GMT+7