VN, US sign $12B in trade deals dur­ing Trump visit

The Phnom Penh Post - - MARKBEUTSSINESS - Hanoi

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.

VNS

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.

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