Boeing has signed a contract to provide 100 Boeing 737s for Vietjet Airlines. Currently, the company is providing technical support for Vietnam to establish a direct flight to the US.
"Boeing isn't the only American company to see potential in Vietnam. Vietnam's Ministry of Industry and Trade says that Vietnam ranks 16th in the list of the US's biggest economic partners in 2016. Trade growth is at 20% average annually. Even though Vietnam has a trade surplus with the US, experts believe American companies are still profiting from this", Ray Conner - Vice Chairman of Beoing Commercial Airplanes - said.
"The White House officially announced that US President Donald Trump will receive PM Nguyen Xuan Phuc on May 31st. The meeting is hoped to bring trade between the two countries to new heights", Wilbur Ross - US Secretary of Commerce - said.
"I believe that American and Vietnamese companies will sign deals worth billions of USD. This will be proof of a mutually beneficial partnership between Vietnam and the US", Pham Quang Vinh - Vietnam's Ambassador to the US - said.
Boeing planes are set to be delivered to Vietnam soon. Thanks to deals like these, total trade turnover between the US and Vietnam is forecast to rise from 47 billion to 57 billion USD by 2020.
