This cooperation activity marks an important step in Vietnam Airlines' strategy of modernizing the fleet, while demonstrating the key role of the two leading state-owned enterprises in accompanying the implementation of key national projects, serving the strategy of developing Vietnam's transport infrastructure and economy.
Developing a strategic airline with financial support from key banks
According to the Memorandum of Understanding, Vietcombank will participate in arranging capital for the investment project of 50 Vietnam Airlines narrow-body aircraft, including installments and long-term loans from 2026 to 2032. With experience as a credit institution for many key transport 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 development strategy of the fleet of 2025-2035, a vision to 2040, the investment plan of 50 narrow body aircraft is one of the important pillars that help Vietnam Airlines to enhance the capacity to exploit and modernize the fleet and expand the operation scale. This investment is aimed at expanding the short and medium flight networks in key markets such as Southeast Asia, Northeast Asia and Domestic - where the demand for transportation increases rapidly and competing is increasing. At the same time, contributing to improving the efficiency of exploitation, fuel economy, reducing emissions and realizing the goal of sustainable and long -term development of national airlines.
The increase in the narrow-body fleet also helps Vietnam Airlines improve operational flexibility, while bringing more product and service options to passengers. This is a testament to the National Airline's commitment to improving customer experience, strengthening its competitive position and expanding Vietnam's mark in the international aviation market.
Key enterprises start implementing strategic projects
As two state-owned enterprises playing a key role in key sectors of the economy, Vietnam Airlines and Vietcombank have been clearly demonstrating their pioneering role through specific activities, making practical contributions to the sustainable development and integration of the country.
The national airline maintains its position as an important aviation bridge between Vietnam and the world. With a wide flight network and affirmed international exploitation capacity, Vietnam Airlines constantly opens and expands flights to leading economic, cultural and tourism centers in the region and globally. Thereby, the airline contributes to promoting trade, tourism and enhancing the position of Vietnam as a destination on the international aviation map.
Vietcombank is a 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 flexible financial consulting capabilities, Vietcombank has accompanied Vietnam Airlines in fleet development programs for over a decade.
The cooperation between the two enterprises has been affirmed through major projects such as: buying a new Airbus A350, Boeing 787, expanding the Airbus A321 narrow-wheel fleet and now continuing to expand with the investment project of 50 narrow-wheel aircraft. The close coordination between Vietnam Airlines and Vietcombank not only shows the implementation capacity of state-owned enterprises, but also demonstrates the proactive spirit, professionalism and leading role in national development initiatives.
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 airline map. The airline has been recognized by Skytrax as a 4-star airline for many consecutive years, in the Top 25 safest airlines in the world, and has achieved the Certificate of 5-star International Airline awarded by APEX. Vietnam Airlines is gradually realizing its goal of becoming the leading 5-star airline in Asia.
In parallel with expanding the flight network and upgrading customer experience, Vietnam Airlines is actively implementing sustainable development solutions, aiming for net zero emissions by 2050, contributing to the green future of Vietnam's aviation industry.
Promoting the role of a leading and key bank, Vietcombank is a unit that arranges capital for a series of key and key national projects such as: arranging credit for the Lot B Gas Chain project between PVN and EVN; granting credit (capital) worth 1.8 billion USD for Component Project 3 - Essential works in the airport belonging to the "Long Thanh International Airport Construction Investment Project - Phase 1"; financing the Ho Chi Minh City - Long Thanh Expansion Project under the Ho Chi Minh City - Long Thanh Expressway Project... Ho Chi Minh City - Long Thanh - Dau Giay...
