Cooperate and arrange capital for Vietnam Airlines' investment project of 50 narrow-body aircraft

The event marks an important step in Vietnam Airlines ' fleet modernization strategy, and demonstrates the key role of two leading state-owned enterprises in accompanying the implementation of key national projects, serving the strategy of developing Vietnam's transport infrastructure and economy.

Key banks accompany strategic fleet development

According to the Memorandum of Understanding, Vietcombank will participate in arranging capital for Vietnam Airlines' investment project of 50 narrow-body aircraft, including prepayments and long-term loans from 2026 to 2032. With experience as a credit focal bank for many key transportation projects, Vietcombank will closely coordinate with Vietnam Airlines to build an optimal financial structure, ensuring long-term efficiency for this large-scale investment project.

Mr. Dang Ngoc Hoa, Chairman of the Board of Directors of Vietnam Airlines, said that within the fleet development strategy for the period 2025-2035, with a vision to 2040, the plan to invest in 50 narrow-body aircraft is one of the important pillars to help Vietnam Airlines increase its operational capacity, modernize its fleet and expand its scale of operations.

“This investment aims to expand the short- and medium-haul flight network in key markets such as Southeast Asia, Northeast Asia and domestic markets - where transportation demand is increasing rapidly and competition is increasingly fierce; at the same time, it contributes to improving operational efficiency, saving fuel, reducing emissions and realizing the long-term, sustainable development goals of the national airline,” Mr. Dang Ngoc Hoa emphasized.

Mr. Dang Ngoc Hoa, Chairman of the Board of Directors of Vietnam Airlines, spoke.

Vietnam Airlines is the leading airline in the Southeast Asian region, currently operating nearly 100 routes connecting 22 domestic destinations and 30 international destinations in 18 countries and territories. As a pioneer, Vietnam Airlines plays an important role in connecting regions, promoting trade, tourism and international integration.

Since 2010, Vietnam Airlines has become the first airline in Southeast Asia to join the SkyTeam Alliance. The airline owns a modern fleet of new generation wide-body aircraft such as Boeing 787, Airbus A350, and narrow-body Airbus A321, A320neo, allowing flexible operation of domestic, regional and international routes.

Over 30 years of development, Vietnam Airlines has continuously expanded its flight network, improved service quality and affirmed its position on the international aviation map.

The airline has been recognized by Skytrax as a 4-star airline for many consecutive years, ranked in the Top 25 safest airlines in the world, and has been awarded the 5-star international airline certificate by APEX. Vietnam Airlines is gradually realizing its goal of becoming the leading 5-star airline in Asia.

Along with expanding its flight network and upgrading customer experience, Vietnam Airlines is actively implementing sustainable development solutions, aiming for zero net emissions by 2050, contributing to the green future of Vietnam's aviation industry.

The expansion of the narrow-body fleet also helps Vietnam Airlines improve its operational flexibility, while providing more product and service options for passengers. This is a testament to the national airline’s commitment to improving customer experience, consolidating its competitive position and expanding Vietnam’s footprint in the international aviation market.

Start implementing strategic projects

As two state-owned enterprises playing a leading role in key sectors of the economy, Vietnam Airlines and Vietcombank have been demonstrating their pioneering role through specific activities, making practical contributions to the country's sustainable development and integration.

The national airline holds the position of an important aviation bridge between Vietnam and the world. With an extensive flight network and proven international operating capacity, Vietnam Airlines constantly opens new and expands routes to leading economic, cultural and tourist centers in the region and the world. Thereby, the airline contributes to promoting trade, tourism and enhancing the position of Vietnam as a destination on the international aviation map.

Vietcombank is the leading commercial bank in Vietnam, playing a key role in providing credit and financial solutions for many key national projects, including the aviation infrastructure sector. Vietcombank started operating on April 1, 1963. After more than 60 years of development, the bank has always affirmed its pioneering position, playing a leading role in the system, making important contributions to the national economy and the development of the country; gradually reaching out to the region and the world.

To date, Vietcombank has total assets of over 2 million billion VND; the largest charter capital and equity among banks in Vietnam; market capitalization of over 20 billion USD, the largest on the Vietnamese stock market and in the Top 100 largest listed banks globally; with the best efficiency and quality of operations in the banking system.

With a network of 131 branches, nearly 600 transaction offices nationwide, 9 domestic and foreign subsidiaries and nearly 1,200 correspondent banks worldwide, Vietcombank is currently providing a variety of services to more than 500,000 institutional customers and more than 24 million individual customers.

Mr. Nguyen Thanh Tung, Member of the Government Party Executive Committee, Party Secretary, Chairman of the Board of Directors of Vietcombank, spoke.

With experience in implementing large projects and the ability to advise on flexible financial structures, Vietcombank has accompanied Vietnam Airlines in fleet development programs for over a decade. The cooperative relationship between the two businesses has been affirmed through major projects such as: purchasing new wide-body fleets of Airbus A350, Boeing 787, expanding the narrow-body fleet of Airbus A321 and now continuing to expand with the project to invest in 50 narrow-body aircraft.

“The close coordination between Vietnam Airlines and Vietcombank not only demonstrates the implementation capacity of state-owned enterprises, but also demonstrates the proactive spirit, professionalism and leading role in national development initiatives,” affirmed a representative of Vietcombank.

In particular, promoting the role of a leading and key bank, Vietcombank is the focal point for arranging capital for a series of key and national key projects such as: arranging credit for the Block B Gas Project Chain between PVN and EVN; providing credit (syndicated capital) worth 1.8 billion USD for component project 3 - essential works in the airport under the "Long Thanh International Airport Construction Investment Project - Phase 1"; financing the project to expand the Ho Chi Minh City-Long Thanh section of the Ho Chi Minh City-Long Thanh-Dau Giay expressway project...

Source: https://nhandan.vn/hop-tac-thu-xep-von-cho-du-an-dau-tu-50-may-bay-than-hep-cua-vietnam-airlines-post874796.html