Aircraft maintenance joint venture receives US certificate
The Vietnam-Singapore Technologies Engineering Aerospace Co.Ltd (VSTEA) recently received a certificate approving its component maintenance, repair and overhaul (MRO) facilities from the US Federation Aviation Administration (FAA).
A VSTEA engineer examines aircraft items (Photo: Vietnam Airlines)
Hanoi (VNA) – The Vietnam-Singapore TechnologiesEngineering Aer💟ospace Co.Ltd (VSTEA)ꦆ recently received a certificate approving its component maintenance, repair andoverhaul (MRO) facilities from the US Federation Aviation Administration(FAA).
VSTEA is a joint venture between the Vietnam AirlinesEngineering Company (VAECO), a subsidiary of Vietnam Airlines, and ST Engineering Aerospace Systems Company, a member of the STEngineering of Singapore. It specialises in providing aircraft component MRO services for domestic and international airlines, which cater to such current aircraft asthe Boeing 787, Airbus A350, A320, A321 and ATR72, as well as technicalassistance in avionics, hydraulic, pneumatic, electro-mechanical, wheels,brakes, and emergency equipment. The FAA standards are widely adopted in the global aviationindustry and serve as a gauge of quality and a passport to market expansion,making it easier to offer maintenance services to airlines in differentregions, including the US. To achieve the certificate, the VSTEA said it went throughfive stages of appraisal under the FAA’s strict standards. After completing thefinal examinations in late July, its facility in Hanoi was certified on August 31and another in Ho Chi Minh City on September 16./.
A project on expanding and upgrading Dien Bien airport in the northwestern province of Dien Bien is scheduled to begin in December and be completed in October 2023, according to a direction issued by Deputy Minister of Transport Le Anh Tuan.
The Civil Aviation Authority of Vietnam (CAAV) said on September 20 that it has sent a document to the Ministry of Transport asking for permission to conduct procedures to allow Boeing 737 Max aircraft to fly to/from Vietnam’s territory, and to grant certificates for this type of aircraft to be imported into Vietnam.
President Nguyen Xuan Phuc witnessed the signing of an agreement worth nearly 2 billion USD between Vietnam’s Bamboo Airways and the General Electric’s GE Aviation in New York on September 21.
President Nguyen Xuan Phuc witnessed the signing of a contract to provide aircraft and engine maintenance service worth 260 million USD between new-generation airline Vietjet and CFM International, on September 21 (local time) in the framework of his on-going working trip to the US.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
A VSTEA engineer examines aircraft items (Photo: Vietnam Airlines) 
