Boeing opens office in Hanoi, commits to expanding investment in Vietnam

May 15, 2023 | 09:00
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Brendan Nelson, senior vice chairman of aerospace giant Boeing, has underscored the company's unwavering commitment to expanding its presence and fostering collaborative ventures in his latest visit to Vietnam.
Boeing opens office in Hanoi, commits to expanding investment in Vietnam

Emphasising a long-term perspective, Nelson said the establishment of enhanced partnerships with Vietnamese airlines and industry stakeholders was key to ongoing development.

Recognising Vietnam as a pre-eminent strategic partner, Nelson expounded on the nation's burgeoning significance in the region.

“With a population surpassing 100 million, rapid economic advancement, and its capacity to attract foreign investment, Vietnam has solidified its standing. Moreover, Vietnam's proactive pursuit of free trade agreements with major global markets has elevated its prospects,” he said.

The senior vice chairman of Boeing said that the corporation would persist in expanding investments and collaborations in Vietnam, fostering sustainable development in the aviation industry and the Vietnamese aerospace sector, thereby contributing to the comprehensive Vietnam-US relationship.

Nelson said he appreciated the commitment and efforts of the Vietnamese Government in pursuing net-zero emissions by 2050. He believes that Vietnam possesses significant potential in developing the aviation sector, particularly in sustainable aviation fuel, leveraging its increasingly skilled workforce.

During the meeting with Brendan Nelson, Prime Minister Pham Minh Chinh expressed Vietnam's dedication to the development of the aviation industry.

"The Vietnamese government regards Boeing as an important and long-term partner in the development of the civil aviation sector. We appreciate Boeing's support in helping the Civil Aviation Administration of Vietnam meet the standards of the US Federal Aviation Administration, which facilitated the opening of direct air routes between our two countries," the Prime Minister said.

The PM also commends Boeing's flexible approach in sustaining agreements to supply aircraft to Vietnamese airlines amid the pandemic and the volatility of the international aviation industry.

Boeing opens office in Hanoi, commits to expanding investment in Vietnam

In a significant milestone, Boeing officially inaugurated its permanent office in Hanoi on May 12, solidifying its deep-rooted engagement with the Vietnamese market.

The newly established Boeing office in Hanoi will serve as a pivotal hub for collaboration, facilitating connections with key partners to support Boeing's business development priorities in Vietnam.

"The relationship between Boeing and Vietnam continues to flourish, with ongoing cooperation aimed at advancing the country's aerospace capabilities. This new office will enhance Boeing's ability to serve local customers and stakeholders, while establishing a robust foundation for future growth," said Michael Nguyen, director of Boeing Vietnam.

The inauguration ceremony signifies Boeing's unwavering commitment to bolstering its presence and fostering mutually beneficial relationships within the Vietnamese market. This strategic move is poised to strengthen ties, nurture innovation, and contribute to the sustainable growth of Vietnam's aerospace industry.

Boeing accelerates cooperation with Vietnamese suppliers Boeing accelerates cooperation with Vietnamese suppliers

Boeing, the world’s leading aerospace company based in the US, are accelerating cooperation with Vietnamese suppliers and universities to provide a foundation for long-term industrial growth, according to Boeing Vietnam Country Director Michael Nguyen.

By Celine Luu

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