Vietnam carrier Vietjet’s contracts with US estimated at $2.2 bln this year
Vietnam’s budget airline Vietjet is expected to receive 10 aircraft from Boeing worth a total of $1.8 billion this year, raising the combined value of its contracts with the U.S. in 2025 to about $2.2 billion.
Vietjet CEO Dinh Viet Phuong disclosed the information at a meeting between the government and associations, businesses, and diplomatic agencies in Hanoi on Friday.
Vietjet CEO Dinh Viet Phuong speaks at a meeting between the cabinet and associations, businesses, and diplomatic agencies in Hanoi, April 4, 2025. Photo courtesy of Vietnam News Agency.
The meeting was convened to seek solutions to the U.S. tax issue after President Donald Trump on Wednesday stated that he will levy 46% tariffs on imports from Vietnam, effective April 9, as part of a new wave of global impositions. The tariff for Vietnam is among the highest, only after Laos (48%) and Madagascar (47%).
At the event, Phuong put forward his recommendations for upcoming negotiations between the two countries.
Party chief To Lam on Friday had a phone call with President Trump, during which the Vietnamese top leader said Vietnam is willing to negotiate with the U.S. to cut import tariffs on U.S. goods down to zero. Lam proposed the U.S. do the same for Vietnamese exports.
He added that Vietnam seeks to increase imports from the U.S. and will encourage and create favourable conditions for American businesses to further invest in the country.
Deputy Prime Minister Ho Duc Phoc is scheduled to pay a working visit to the U.S. and an official visit to Cuba from April 6 to 14, 2025.
He is expected to be accompanied by executives from companies including national flag carrier Vietnam Airlines and Vietjet. The two airline officials are expected to meet representatives from Boeing and some U.S. banks.
Earlier, from January 9 to 11, 2025, Vietjet’s senior representatives met with dozens of strategic partners from around the world at President Trump’s Mar-a-Lago estate in the U.S. The meeting was part of the "Friends of Vietnam Summit" event aimed at enhancing bilateral and multilateral cooperation.
In 2017, during his official visit to Vietnam, President Trump witnessed the signing of the first order for 100 Boeing 737 Max aircraft between Boeing and Vietjet.
Apart from Boeing, Vietjet has strategic agreements with other leading corporations such as GE, CFM, Pratt & Whitney, and Honeywell, with a total value of nearly $50 billion.
Additionally, contracts worth around $14 billion USD are currently under discussion.
These agreements have created nearly 500,000 direct jobs in the U.S.
- Related News
- Read More
Vingroup stocks pull VN-Index up for sixth consecutive session
VN-Index, which represents the Ho Chi Minh Stock Exchange, on Friday increased for the sixth consecutive session thanks to large-cap stocks, with foreign investors continuing to strongly net buy.
Finance - Fri, July 11, 2025 | 7:20 pm GMT+7
Coca-Cola inaugurates largest-scale Vietnam factory in Tay Ninh province
Coca-Cola Beverages Vietnam on Friday inaugurated a $136 million factory in Tay Ninh province, the largest-scale among its four facilities in Vietnam.
Industries - Fri, July 11, 2025 | 5:27 pm GMT+7
Vietnam halts use of German ODA loans for HCMC metro line
The Government has approved a proposal by Ho Chi Minh City to stop borrowing official development assistance (ODA) loans from Germany’s KfW development bank for Metro Line No. 2 and instead use domestic funds to avoid further delays.
Economy - Fri, July 11, 2025 | 3:25 pm GMT+7
Seventeen housing projects foreigners allowed to buy in HCMC
Ho Chi Minh City has announced a list of 17 residential projects located in areas where foreign organizations and individuals are allowed to own houses.
Real Estate - Fri, July 11, 2025 | 3:17 pm GMT+7
Auto enterprises to enjoy preferential import tariff policies
The Government has issued a decree amending and supplementing Decree No. 26/2023/ND-CP on the export and preferential import tariff schedules, as well as the lists of goods subject to absolute tax, mixed tax, and out-of-quota import duties.
Companies - Fri, July 11, 2025 | 2:13 pm GMT+7
Korean chaebol Samsung’s revenue makes up 13% of Vietnam’s GDP in 2024
Samsung’s revenue and export in Vietnam accounted for approximately 13.12% of the country’s GDP and 13.4% of its total export turnover in 2024, respectively, according to the National Statistics Office.
Companies - Fri, July 11, 2025 | 2:09 pm GMT+7
JPMorgan upgrades Vietnam stocks to overweight following US tariff deal
JPMorgan Chase has upgraded Vietnam stocks to overweight after the country became the first Southeast Asian nation to reach a preliminary tariff deal with the U.S.
Economy - Fri, July 11, 2025 | 11:38 am GMT+7
Vietnam government bond issuance surges nearly 70% in June
The Hanoi Stock Exchange (HNX) held 16 government bond auctions in June, raising nearly VND30.5 trillion ($1.2 billion), up 68.8% from May.
Finance - Fri, July 11, 2025 | 9:30 am GMT+7
Xuan Truong Company asked to make feasibility study for airport proposal in northern Vietnam
The Ministry of Construction has asked Ninh Binh authorities to prepare a feasibility study on the potential development of an international airport in the province, the ministry said in a report submitted to the Government regarding a proposal from private construction company Xuan Truong.
Companies - Fri, July 11, 2025 | 9:18 am GMT+7
Vietnam-US tariff agreement: A strategic turning point toward deeper integration
The tariff agreement between Vietnam and the U.S. marks not only a trade or diplomatic breakthrough but also reflects a long-term strategic vision, bold foreign policy, and Vietnam’s commitment to deep global integration, writes Nguyen Tuan Viet, an export promotion expert and CEO of Vietgo.
Opinion - Fri, July 11, 2025 | 9:00 am GMT+7
Apple supplier Luxshare enjoys 0% corporate income tax in central Vietnam province
China’s Luxshare-ICT, a key supplier to Apple, reported that its subsidiaries in Vietnam’s central province of Nghe An enjoyed a 0% corporate income tax last year.
Companies - Fri, July 11, 2025 | 8:00 am GMT+7
Intel’s 20 years in Vietnam: $1.5 bln invested, 4 bln chips produced
U.S. chip maker Intel has invested over $1.5 billion in its nearly 20 years in Vietnam and exported more than 4 billion products, contributing over $100 billion to Vietnam’s export revenue.
Industries - Thu, July 10, 2025 | 10:05 pm GMT+7
HCMC’s new master plan should prioritize breakthrough growth in finance, high technology, logistics: expert
Ho Chi Minh City should promote university-oriented urban models and innovation ecosystems built on the “quadruple helix” framework - collaboration among the government, universities, businesses, and the community.
Economy - Thu, July 10, 2025 | 9:42 pm GMT+7
UAE tech firm G42, Vietnamese partners plan $2 bln hyperscale data center in southern Vietnam hub
The United Arab Emirates's (UAE) state-backed firm G42 plans to partner with Vietnamese companies to develop a $2 billion hyperscale data center in Vietnam's southern hub Ho Chi Minh City.
Industries - Thu, July 10, 2025 | 4:22 pm GMT+7
Petrovietnam rakes in $19.5 bln in H1 revenue
State-owned Petrovietnam reported total revenue of VND510 trillion ($19.5 billion) in the first half of this year, driven by strong production performance.
Companies - Thu, July 10, 2025 | 4:03 pm GMT+7
Sustained momentum seen across all Vietnam's real estate sectors: Knight Frank
Ho Chi Minh City and Hanoi saw solid office leasing and apartment market rebounds after the Lunar New Year holiday (Tet). Industrial land surged with record H1 supply and strong absorption, underscoring Vietnam's appeal, while eased visa policies and new direct international flights continue to support 5‑star hotels in both the cities, write Knight Frank analysts.
Real Estate - Thu, July 10, 2025 | 2:37 pm GMT+7
