Vietnam Airlines and Vietcombank cooperate to arrange capital for investment project of 50 aircraft

On April 23, Vietnam Airlines Corporation and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) officially signed a Memorandum of Understanding (MOU) on cooperation in arranging capital for the project of investing in 50 narrow-body aircraft.

The event marks an important step in Vietnam Airlines' fleet modernization strategy, while demonstrating 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.

Mr. Le Quang Vinh - Member of the Board of Directors, General Director of Vietcombank (right) and Mr. Le Hong Ha - Member of the Board of Directors and General Director of Vietnam Airlines (left) represented the two units to complete the signing ceremony of the memorandum of understanding in the presence of delegates.

Developing strategic fleet with financial support from major banks

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.

As part of the fleet development strategy for the 2025–2035 period, with a vision to 2040, the plan to invest in 50 narrow-body aircraft is one of the important pillars helping Vietnam Airlines increase its operational capacity, modernize its fleet and expand its scale of operations.

This investment is aimed at expanding the short- and medium-haul network in key markets such as Southeast Asia, Northeast Asia and domestic markets – where transportation demand is growing rapidly and competition is increasingly fierce – while contributing to improving operational efficiency, saving fuel, reducing emissions and realizing the long-term, sustainable development goals of the National Airline.

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.

Mr. Dang Ngoc Hoa - Member of the Government Party Committee, Party Secretary, Chairman of the Board of Directors of Vietnam Airlines spoke at the event.

Mr. Dang Ngoc Hoa - Member of the Government Party Committee, Party Secretary, Chairman of the Board of Directors of Vietnam Airlines spoke at the event.

Key businesses join hands to implement 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 a wide flight network and affirmed international exploitation 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.

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

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

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. With experience in implementing large projects and the ability to provide flexible financial structure advice, Vietcombank has accompanied Vietnam Airlines in its fleet development programs for over a decade.

The cooperative relationship between the two enterprises has been affirmed through major projects such as: Purchasing new wide-body fleet Airbus A350, Boeing 787, expanding narrow-body fleet Airbus A321 and now continuing to expand with the project of investing 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.

The leaders of Vietnam Airlines and Vietcombank took a souvenir photo after signing.

The leaders of Vietnam Airlines and Vietcombank took a souvenir photo after signing.

About Vietnam Airlines:
Vietnam Airlines – Vietnam’s national flag carrier – is the main force in the field of air transport in Southeast Asia, currently operating nearly 100 routes connecting 22 domestic destinations and 30 international destinations in 18 countries and territories. With its pioneering role, 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.
After more than 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 received the 5-star international airline certificate awarded 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.
About Vietcombank:
Joint Stock Commercial Bank for Foreign Trade of Vietnam – Vietcombank (VCB) was established and put into operation on April 1, 1963. During more than 60 years of establishment and development, Vietcombank has always affirmed its pioneering position, playing a leading role in the banking 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; has 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.
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 Ho Chi Minh City - Long Thanh Section Expansion Project under the Ho Chi Minh City - Long Thanh - Dau Giay Expressway Project...