HANOI – Two Vietnamese budget airlines signed $ 20.9 billion worth of deals on Wednesday to purchase plans from General Electric, helping their government address trade pressure from one of its high-profile guests this week – U.S. President Donald Trump
The agreements were signed at a Presidential Palace in Hanoi right after Trump with with Vietnamese President Nguyen Phu Trong. Trump is in the capital for his second summit with North Korean leader Kim Jong Un, starting later in the day.
Vietjet Aviation agreed to buy 1
For Vietjet, the purchase is "an important move to keep up with our international flight network expansion plan with a higher capacity, "chief executive Nguyen Thi Phuong Thao said. The airline serves nearly 100 routes in Southeast and Northeast Asia, and is looking at new destinations in Australia and India as it attempts to grow in the Asia-Pacific region and beyond.
Meanwhile, Bamboo Airways, a new carrier launched in January Hanoi has been taking heat from the Trump administration, which is on a mission to reduce America's large trade deficits and create more jobs on the US. soil. The purchases were known to be in the works, but by having the deals signed in Trump's presence, Vietnam apparently hoped to place the president.
"We are going to see some very big deals, buying a lot of different products from the United States, which we appreciate, "Trump said at the beginning of his meeting with Trong. "We are reducing the deficit very substantially, as are many countries, but very much appreciate the hospitality. Really something special." See also