On June 11, in Paris, under the witness of Prime Minister Pham Minh Chinh, Vietnam Airlines and ING Bank signed a memorandum of understanding on financial cooperation, with a funding scale of up to 1.5 billion USD.
The event took place at the Vietnam - France Business Forum, within the framework of the working visit of Prime Minister Pham Minh Chinh and a high-ranking delegation of the Vietnamese Government in France.
Through this cooperation, ING Bank reaffirms its strong interest in providing loans for Vietnam Airlines' strategic projects, aiming to improve operational efficiency and expand its international flight network. In addition, ING also expressed its goodwill to accompany, advise and arrange capital to support Vietnam Airlines in the future.
Mr. Le Duc Canh - Deputy General Director of Vietnam Airlines - shared: "We are pleased to cooperate with ING, a leading European financial institution with a global network and extensive experience in the field of aviation finance, as well as cooperating with prestigious export credit organizations in the world .
This is a large-scale sponsorship, demonstrating the international partner's trust in Vietnam Airlines' management capacity, financial transparency and long-term development strategy.
This agreement also opens up opportunities to access sustainable and strategic capital sources, helping Vietnam Airlines continue to expand its global flight network, contributing to strengthening the airline's position in the international market."
According to Mr. Jason Ong - Country Manager of ING Vietnam and Indonesia - Vietnam Airlines is an important partner promoting global connectivity and growth in the Asian region. ING is always proud to strengthen the relationship with Vietnam Airlines as a strategic and trusted financial partner.
“This MOU not only demonstrates our shared ambition to expand our global reach, but also affirms our commitment to responsible finance to support long-term and sustainable growth in the aviation industry,” Mr. Jason Ong emphasized.
The signing of this cooperation agreement marks an important milestone in the long-standing relationship between Vietnam Airlines and ING. Previously, in 2015, ING also arranged a loan worth 570 million USD to finance 4 wide-body aircraft for Vietnam Airlines.
During the COVID-19 pandemic, ING has coordinated with related parties to restructure loans with a total value of about 80 million USD, contributing to reducing cash flow pressure and supporting Vietnam Airlines to overcome difficult times.
In addition, at this Vietnam - France Business Forum, Vietnam Airlines and Safran Electronics & Defense Company under the Safran Group signed a memorandum of understanding on leasing a flight data analysis system for the period 2026-2030. This is a solution to help the airline comply with flight safety regulations for the entire fleet of aircraft in use.
Vietnam Airlines and Safran Electronics & Defense Company signed a memorandum of understanding on leasing a flight data analysis system - Photo: VNA
The flight data analysis system enables the detection of situations that pose a safety risk, non-compliance with aircraft limitations and standard operating procedures.
At the same time, the system helps monitor and continuously measure to identify trends in flight operations, support incident investigations and maintain aircraft reliability. The implementation of this solution contributes to improving flight safety for pilots, supporting preventive maintenance, thereby improving the efficiency of Vietnam Airlines' fleet.
According to Vietnam Airlines leaders, the agreements signed this time mark an important step forward in the airline's journey of digital transformation and sustainable development. This is not only an internal effort to improve competitiveness, but also clearly demonstrates Vietnam Airlines' pioneering role in connecting Vietnam with the world.
These agreements also contribute to strongly promoting the international integration process of the national aviation industry, helping Vietnam Airlines become a leading brand in the region and the world.
Vietnam Airlines pioneers in opening direct flight route Hanoi - Milan from July 1Vietnam Airlines - Vietnam's national airline - currently operates a flight network of 106 routes to 22 domestic destinations and 36 international destinations in 20 countries. According to Vietnam Airlines' plan in 2025, the airline plans to open 15 new international routes to destinations such as Russia, Italy, Denmark, China, India, Japan, South Korea, UAE... In May and June 2025, Vietnam Airlines launched two routes from Hanoi to Bengaluru and Hyderabad (India), restored the direct route Hanoi - Moscow (Russia) after a 3-year hiatus, and opened a direct route Ho Chi Minh City - Bali (Indonesia). From July 1, Vietnam Airlines will be the first Vietnamese airline to open a direct flight route from Hanoi to Milan (Italy) with three round trips per week. With the opening of direct flights to this boot-shaped country, Vietnam Airlines' total number of direct flights to Europe has increased to 9, in addition to direct flights between Hanoi and Ho Chi Minh City to Paris (France), Frankfurt, Munich (Germany), London (UK) and Moscow (Russia). |
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Source: https://tuoitre.vn/vietnam-airlines-bat-tay-ngan-hang-ing-thu-xep-khoan-tai-tro-von-1-5-ti-usd-20250612114942206.htm
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