Vietnam, France sign numerous cooperation agreements, MoUs
Immediately after talks held between Prime Minister Pham Minh Chinh and French Prime Minister Jean Castex on the evening of November 3 (local time), both sides witnessed the signing ceremony of various co-operation agreements between the two nations' agencies and businesses.
Along with documents signed by both country’s competent agencies, the two sides signed a host of memorandum of understanding (MoUs) regarding economic and trade co-operation. This includes a MoU between Vietnamese airlines, including Vietjet Air and Bamboo and Safran - the world's leading high-tech group of France, along with a MoU on co-operation in the fields of satellites, smart cities, digital identity and cyber security between Vietnam Posts and Telecommunications Group and Thales Group.
Also on this occasion, the Ministry of Industry and Trade also handed over a decision on investment regulations regarding Son My 1 power project.
According to a comprehensive strategic cooperation agreement based on both sides’ existing cooperation in aircraft engine and engine services through CFM International worth approximately US$10 billion, Vietjet and Safran will continue to expand their co-operation to a long-term strategic level, with a major focus on manufacturing aircraft seats, cabin furniture, providing technical management and training services, whilst applying high technology in aircraft production.
Furthermore, Safran will also provide services and training schemes for Vietjet's technical team, along with assisting the airline in establishing Vietjet's training, and repairing, maintenance and overhaul (MRO) complex in Vietnam.
Most notably, Vietjet and Safran Electronics & Defense will ramp up co-operation and provide Vietjet with a comprehensive and effective flight data analysis in the near future.
Furthermore, Safran will also provide services and training schemes for Vietjet's technical team, along with assisting the airline in establishing Vietjet's training, and repairing, maintenance and overhaul (MRO) complex in Vietnam.
Most notably, Vietjet and Safran Electronics & Defense will ramp up co-operation and provide Vietjet with a comprehensive and effective flight data analysis in the near future.
Moreover, Bamboo Airways and Safran signed a MoU relating to the selection of engines and aircraft equipment for Bamboo Airways' order of 50 A321NEO and 30 Boeing 787-9 aircraft. The total value of agreements under the MoU is estimated to be EUR 2 billion.
Additionally, Bamboo Airways also signed an agreement with CFM International, a joint venture of GE and Safran, an agreement to select LEAP-1A engines and aircraft equipment for Airbus A321NEO and Boeing 787-9 worth approximately EUR1.73 billion. They also inked other agreements regarding the purchase of aircraft equipment.
