Vietnam
Vietnam and US sign $12 billion in trade deals
President Trần Đại Quang and President Donald Trump witnessed the signing of co-operation agreements worth a total of US$12 billion, mostly in aviation, petroleum and seaports between Việt Nam and the US after their talks in Hà Nội on Sunday.
The signing ceremony took place in the presence of President of Việt Nam Trần Đại Quang and President of the US Donald Trump, within the framework of the US President’s official state visit to Việt Nam. — Photo courtesy of VNA
The national carrier Vietnam Airlines and American aerospace manufacturer Pratt & Whitney signed a $1.5 billion contract of the selection of aircraft engines and support services for 20 Airbus A321NEO aircraft.
The two parties also signed a memorandum of understanding on maintenance contracts covering these engines.
The deal between Vietnam Airlines and Pratt & Whitney includes 44 Pure Power Geared Turbofan (GTF) engines in accordance with comprehensive terms of warranty, maintenance and repair of engines.
President and CEO of Vietnam Airlines Dương Trí Thành said the signing ceremony marked a new step in the development of Vietnam Airlines’ A321 fleet.
Thành said the engine the firm chose was highly fuel efficient and especially environmentally friendly, and comes with comprehensive repair arrangements which help the firm to increase operational efficiency and save on operating expenses.
“I believe that the agreement between Vietnam Airlines and Pratt & Whitney will further reinforce the important economic, trade and investment partnership between Việt Nam and the US,” said Thành.
Speaking at the ceremony, senior vice president of sales, marketing and customer support at Pratt & Whitney, Rick Deurloo, said he was proud to celebrate this momentous occasion with Vietnam Airlines.
“We’ve been powering Vietnam Airlines since the early 1990s when the airline received its first PW4000-powered 767. We look forward to continuing our strong relationship and long history with Vietnam Airlines,” said Deurloo.
Since its first operation in 2016, the GTF engine has shown strong performance with a reduction of 16 per cent in fuel consumption, 50 per cent in emissions and 75 per cent noise compared with the current engine.
Vietnam
Vietnam: Manufacturing to remain the key driver of growth
We expect robust exports, led by strong global demand for electronics, to continue to underpin solid economic growth over the remainder of this year with GDP forecast to rise close to 8%.
GDP growth was unchanged at 4.5% y/y in Q1. Manufacturing activity surged, while the recovery in service sector activity and construction continued albeit at a more subdued pace as some localised social distancing measures were reinstated.
(more…)
Lao Cai (VNA) –The northern mountainous province of Lao Cai has built a strategy to popularise the Sa Pa- Fansipan tourism trademark till 2025 with a vision to 2030.
(more…)
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...
Thailand’s Vaccine Strategy: What went wrong?
Questions are being asked, and not answered, over the decision to rely almost entirely on Siam Bioscience, a local, palace-owned...
Exclusive interview with Richi Kukreja, HR Lead Director for Zoetis South East Asia
Zoetis is a global animal health industry leader, dedicated to supporting customers and their businesses in ever better ways. Building...