Vietnamese, US firms join hands to develop aviation infrastructure
More than 80 state-owned and private enterprises from Vietnam and the US discussed cooperative opportunities at a recent virtual conference as both sides are making preparations for the launch of direct flights between the two countries.
Vietnamese airlines are preparing to launch direct flights to the US. (Source: VNA)
Hanoi (VNA) – More than 80 state-owned and private enterprises fromVietnam and the US discussed cooperative opportunities at a recent virtualconference as both sides are making preparations for the launch of directflights between the two countries.
Leading US firms such as Autodesk, Boeing, Collins, Aerospace, Haskell,Honeywell, Mitre, Rapiscan, JBT Aerotech, Turner Construction and TycoSecurity, among others, shared experience and solutions in airport development,as well as highlighted opportunities to boost the Vietnam-US collaboration inthis field.
At the event, the US Federal Aviation Administration, the US TransportationSecurity Administration, the US Department of Commerce and the US TradeDevelopment Agency said they would work closely with the Vietnamese sides to developa safe and effective air transportation system. The US agenciesare working to provide technical and financial support for the Vietnamese side.
Meanwhile, representatives from the Civil Aviation Authority of Vietnam (CAAV)and Airport Corporation of Vietnam (ACV) shared information on Vietnam’saviation infrastructure development plans.
Earlier, Bamboo Airways was licensed by the US Department of Transportation tocarry passengers and cargo between Vietnam and the US. It will use wide-bodyBoeing 787-9 Dreamliner to fly directly from Hanoi/Ho Chi Minh City tointernational airports in the US.
Experts evaluated the market potential between the two countries is at about700,000 passengers per year, while only 30,000 – 60,000 passengers per year areneeded to open the direct flight.
In term of legal aspects, in 2003, Vietnam and the US signed an aviationagreement that allows carriers of the two countries to operate direct flightswith a frequency of one flight per day or fly over to a transition countrybefore departing from the US.
In 2010, the CAAVreviewed and reassessed the agreement, concluding there are no restrictions orobstacles on passengers, flight frequency to apply for permission to openflights connecting Vietnam and the US.
And after 10 yearsof efforts, in early 2019, the CAAV obtained the US CAT-1 certificate. This isa prerequisite for Vietnamese airlines to apply for permits to fly to the USand to codeshare with US airlines. The FAA will continue to evaluate thecapacity of each Vietnamese carrier./.
New carrier Bamboo Airways has been licensed by the US Department of Transportation to carry passengers and cargo between Vietnam and the US, its representative said on November 10.
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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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Vietnamese airlines are preparing to launch direct flights to the US. (Source: VNA) 
