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
Vietnamese banks leverage national data integration to reach customers
Banks in Vietnam are developing fully digital lending services, enabling customers to apply for and receive loans entirely through online platforms.
Banking - Mon, June 9, 2025 | 11:28 pm GMT+7
Vietnam’s garment-textile exports top $17 bln in five months
Vietnam’s garment and textile exports exceeded $17.58 billion in the first five months of 2025, up 9% year-on-year.
Companies - Mon, June 9, 2025 | 11:21 pm GMT+7
Vietnam's coastal hospitality real estate poised for a new wave of growth
As competition intensifies and the tourism sector rapidly evolves post-pandemic, hospitality real estate investors and hotel operators are adopting more innovative approaches to optimize operations and tap into new revenue streams, write Avison Young Vietnam analysts.
Consulting - Mon, June 9, 2025 | 11:01 pm GMT+7
Rules on private placement bond issuance should be tightened: Vietnam Finance Minister
Allowing only companies that have liabilities five times higher than their equity at maximum to issue bonds via private placement is a necessary move to mitigate risks and prevent abuse, said Finance Minister Nguyen Van Thang.
Finance - Mon, June 9, 2025 | 6:19 pm GMT+7
EV maker VinFast commits to purchasing all output for Vietnamese suppliers
Vietnamese electric vehicle maker VinFast has committed to purchasing all products for domestic suppliers that join its production chain.
Companies - Mon, June 9, 2025 | 5:21 pm GMT+7
Phat Dat affirms leadership role in southern Vietnam's property market following successful launch of La Pura project
The official launch of the La Pura project by Phat Dat Real Estate Development Corp on Sunday in the southern province of Binh Duong made a significant impact, with over 95% of the total inventory in the Zenia sub-zone successfully transacted.
Real Estate - Mon, June 9, 2025 | 4:07 pm GMT+7
Vietnam seeks Samsung partnership in AI-integrated chip design for data centers, telecom networks
Minister of Public Security Luong Tam Quang called on South Korean tech giant Samsung to strengthen its partnership with his ministry in developing Vietnam’s security industry.
Investing - Mon, June 9, 2025 | 3:13 pm GMT+7
Vingroup partners with e-commerce platform Shopee to develop logistics infrastructure
Vietnam’s leading multi-sector conglomerate Vingroup and Shopee, the country’s top e-commerce platform, on Friday signed an MoU to develop infrastructure for e-commerce fulfillment services, enhance digital connectivity between businesses and consumers, and build a sustainable digital ecosystem.
Companies - Mon, June 9, 2025 | 11:48 am GMT+7
Finish fund Pyn Elite spends $41.4 mln on MBB shares of MBBank in May
Finish investment fund Pyn Elite allocated an additional 3% of its portfolio (VND700 billion or $41.38 million) to 26 million MBB shares of MBBank last month, increasing the holding to 12.4%.
Finance - Mon, June 9, 2025 | 11:43 am GMT+7
Fund manager Eastspring Vietnam appoints new CEO
Eastspring Vietnam, one of the largest fund managers in the country by assets under management, last Friday appointed Nguyen Quoc Dung as its new CEO and legal representative.
Finance - Mon, June 9, 2025 | 9:03 am GMT+7
US issues preliminary decision on anti-dumping tariffs for Vietnamese shrimp
The US Department of Commerce (DOC) in the early morning of June 7 released preliminary results of its 19th administrative review (POR19) on anti-dumping duties for frozen warmwater shrimp imported from Vietnam.
Companies - Sun, June 8, 2025 | 8:30 pm GMT+7
U.S. Grains Council signs 5-year cooperation deal with Vietnam
The U.S. Grains Council (USGC) on Friday signed a five-year cooperation agreement with the Partnership for Sustainable Agriculture in Vietnam (PSAV), reaffirming its long-term commitment to Vietnam’s agricultural development.
Economy - Sun, June 8, 2025 | 5:13 pm GMT+7
Bamboo Capital announces senior personnel changes
Under a board of directors resolution effective last Friday, Vietnam's multi-sector conglomerate Bamboo Capital Group has a new deputy general director, while its first vice chairman Pham Minh Tuan resigned to focus on subsidiary Bamboo Energy.
Companies - Sun, June 8, 2025 | 4:05 pm GMT+7
Vietnam signs deals to import nearly $3 bln worth of US agricultural products
Vietnamese businesses accompanying Minister of Agriculture and Environment Do Duc Duy on a six-day visit to the U.S. signed multiple agreements to import nearly $3 billion worth of American agricultural products, expanding bilateral cooperation in the agricultural sector.
Economy - Sun, June 8, 2025 | 10:33 am GMT+7
EPC contract signed for O Mon IV thermal power project in southern Vietnam
An EPC contract signing ceremony for the O Mon IV thermal power project in Can Tho city took place on Friday, at the headquarters of state-owned Petrovietnam - the investor.
Energy - Sun, June 8, 2025 | 8:00 am GMT+7
Vietnam's agri major Hoang Anh Gia Lai ventures into mulberry cultivation, coffee production
After overcoming two major obstacles - debt and accumulated losses - Vietnam's agri major Hoang Anh Gia Lai JSC (HoSE: HAG) is charting a bold five-year strategic roadmap, introducing two new business segments: mulberry cultivation and coffee-tea production.
Companies - Sat, June 7, 2025 | 4:35 pm GMT+7
