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.

Vietnam Airlines and Vietcombank leaders take souvenir photos. Photo: VCB

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 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, 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, 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.

On behalf of the national airline, Mr. Dang Ngoc Hoa, member of the Government Party Committee, Party Secretary, Chairman of the Board of Directors of Vietnam Airlines, said that in the most favorable and difficult periods of the enterprise, Vietcombank has always been a pioneer in accompanying Vietnam Airlines. Forecasting a huge demand for aircraft in the aviation industry in the future, Vietnam Airlines hopes that Vietcombank will continue to accompany Vietnam Airlines in the next projects; together we will go fast and far to bring the Vietnamese brand to the world.

Key businesses 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.

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 fleet development programs for over a decade.

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.

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 spirit of initiative, professionalism and leading role in national development initiatives.

Speaking at the event, Mr. Nguyen Thanh Tung, Member of the Government Party Committee, Party Secretary, Chairman of the Board of Directors of Vietcombank, said that since Vietnam Airlines was established in 1995, Vietcombank has been honored to be a partner providing comprehensive financial and banking services to Vietnam Airlines.

After 30 years of cooperation, including 10 years as comprehensive strategic partners, Vietnam Airlines and Vietcombank have affirmed their strong connection, accompanying development through many stages of the economy.

The cooperation in financing and arranging capital for the investment project of 50 narrow-body aircraft is once again a testament to the spirit of solidarity of Vietnamese enterprises, not only contributing to the development of the country but also creating competitiveness in the international arena. Vietcombank is committed to working with Vietnam Airlines to develop reasonable interest rate packages and effective financial structures to support Vietnam Airlines in realizing its fleet development strategy for the period 2025 - 2035, with a vision to 2040.

Source: https://daibieunhandan.vn/vietnam-airlines-va-vietcombank-voi-du-an-chu-luc-post411597.html