VN, US sign $12B in trade deals during Trump visit
PRESIDENT Tran Dai Quang and President Donald Trump witnessed the signing of cooperation agreements worth a total of US$12 billion, mostly in aviation, petroleum and seaports between Vietnam and the US after their talks in Hanoi on Sunday.
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 ofVietnam Airlines Duong Tri Thanh said the signing ceremony marked a new step in the development of Vietnam Airlines’ A321 fleet.
Thanh 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 Vietnam and the US,” said Thanh.
Speaking at the ceremony, the senior vice president of sales, marketing and customer support at Pratt & Whitney, Rick Deurloo, said he was proud to celebrate this momentous oc- casion 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.
Trump’s first visit to Vietnam, which ended on Sunday, was taking place at a time when the Vietnam-US comprehensive partnership is progressing, especially after the US visit by Prime Minister Nguyen Xuan Phuc in May 2017.
US President Donald Trump (centre-left) and Vietnam’s President Tran Dai Quang (centre-right) witness the signing of a memorandum of understanding in Hanoi on Sunday.