Hanoi (VNA) - Bamboo Airways and the Israel Aerospace Industries (IAI) on July 10 signed a cooperation contract worth 36 million USD.
Under the contract, the IAI will provide maintenance services for six CFM56-5B engines installed on the Vietnamese carrier’s A321 aircraft in the 2024-2025 period.
Additionally, the major Israeli aerospace and aviation manufacturer will lease another engine to Bamboo Airways for two years, starting in 2024.
Bamboo Airways General Director Luong Hoai Nam said that the professional MRO (maintenance - repair - operation) service that IAI offers will contribute to improving the quality and reliability of the airline’s fleet.
The signing of the contract is part of Bamboo Airways' plan to develop and operate its fleet of narrow-body A320/A321 aircraft. This initiative is a key component of the airline's restructuring strategy, focusing on a single-fleet type approach that exclusively includes Airbus A320/A321.
In the first half of 2024, Bamboo Airways rented an additional three A320 aircraft, increasing its operational fleet to eight.
It plans to continue to rent more aircraft to expand its fleet to 12 by the end of 2024 and 18 by the end of 2025, if market conditions allow.
In addition to efforts to develop its fleet, Bamboo Airways is also focusing on fully utilising high-demand routes.
Recently, the carrier continued to be honoured in the Top 5 Best Regional Airlines in Asia in 202𝓀4 by international airport rating🐓s agency Skytrax./.
The Ministry of Transport has asked carriers to develop aircraft fleet operation plans to meet the rising travel demand for the upcoming national holidays and summer peak.
The fleets of some Vietnamese airlines are likely to shrink in 2024 and 2025, thus subsequently affecting their transportation capacity on domestic and international routes, said the Civil Aviation Authority of Vietnam (CAAV).
Bamboo Airways continued to be the most punctual airline in Vietnam during January – November, with 92.5% of its flight taking off and landing on time, according to the Civil Aviation Authority of Vietnam (CAAV).
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.
