VietJet Air seals deal with Japanese financial firm
The low-cost carrier VietJet Air and a Japanese firm signed a purchase-and-lease financing deal on September 15 during Party General Secretary Nguyen Phu Trong’s visit to Japan.
The low-cost carrier VietJet Air and a Japanese firm signed a purchase-and-lease financing deal on September 15 during Party General Secretary Nguyen Phu Trong’s visit to Japan.
Under the deal, the Mitsubishi UFJ Lease & Finance Company Ltd will provide 347.2 million USD for VietJet Air to secure three new Airbus A321, which are part of 107 aircraft from the carrier’s purchase-and-lease transactions with producer Airbus.
Apart from that, the two sides will stimulate bilateral engagement in aviation operation and management.
VietJet Air is daily operating 180 flights on 33 routes to and from domestic and international destinations, such as Singapore, the Republic of Korea, China, Chinese Taiwan, Thailand and Myanmar.
It has thus far received eight aircraft from the Airbus deal, increasing the total number of modern planes in its fleet to 26 including A320 and A321 generations.
According to statistics from the Civil Aviation Administration of Vietnam, Vietjet Air contributed 70 percent to the Vietnamese air transport growth of 26 percent in the first six months of 2015.
It has helped popularise images of a proactive and modern Vietnam to international friends, paving the way to develop tourism and draw more investments to the country.
As a member of the Mitsubishi UFJ Lease & Finance Group, VietJet Air’s new partner Mitsubishi UFJ Lease & Finance Company Ltd has 26 branches and 23 representative offices within Japan as well as 18 headquarters in seven foreign countries.
The company’s assets were worth 4.5 trillion JPY (376.2 billion🥃 USD) in 2014.-VNA
The VietJet Aviation Joint Stock Company (VietJet Air) earned 5.7 trillion VND (256.5 million USD) in revenue during the first half this year, up 205 percent from the same period last year.
Low-cost carrier VietJet Air has begun to sell tickets on domestic and international routes from Vietnam to Thailand, Singapore, Taiwan, the RoK and Myanmar for the 2016 New Year holiday.
Low-cost airline VietJet Air has announced a shocking Tet promotion on ticket fares for domestic routes and international ones from Vietnam to the Republic of Korea, Myanmar, Singapore and Thailand.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Source: Vietjet Air)
