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South Asian Update

Economy

Vietnam airlines signs $7.8 bn agreement with Boeing

 Published: 15:02, 11 September 2023

Vietnam airlines signs $7.8 bn agreement with Boeing

Vietnam Airlines has recently sealed a monumental deal worth $7.8 billion with Boeing, as confirmed by a statement from the White House on a Monday meeting between President Joe Biden and Vietnam's Prime Minister Pham Minh Chinh in Hanoi.

This substantial agreement was hailed as a "landmark deal" in the press release, highlighting its potential to bolster economic growth and employment opportunities. It is anticipated that this deal will pave the way for over 30,000 job opportunities in the United States.
The backdrop of this momentous agreement was a state visit by President Biden to Vietnam, where he held discussions with Vietnamese Communist Party chief Nguyen Phu Trong. This visit culminated in an upgrade of the bilateral relationship between Washington and Hanoi to a "Comprehensive Strategic Partnership," further solidifying the ties between the two nations.

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