Party chief witnesses signing, exchange of Vietnam–US contracts, cooperation agreements

Policies in Action

Party chief witnesses signing, exchange of Vietnam–US contracts, cooperation agreements
The total value of the documents signed and exchanged between Vietnamese and US businesses reached 37.2 billion USD, reflecting strong and determined commitments from partners as bilateral relations enter a new stage of development.
Party General Secretary To Lam witnesses the exchange of the agreement on the purchase of engines and maintenance services between VietjetAir (Vietnam) and Pratt & Whitney (US) for 137 aircraft powered by GTF engines. Photo: VNA

Washington D.C. (VNA) - Party General Secretary To Lam witnessed the signing and exchange of contracts and cooperation agreements in key sectors such as science and technology, digital transformation, aviation, and health care in Washington D.C on the afternoon of February 18 (local time).

The total value of the signed and exchanged documents reached 37.2 billion USD, reflecting strong and determined commitments from partners as bilateral relations enter a new stage of development.

Also attending the event were Politburo members: General Phan Van Giang, Minister of National Defence; General Luong Tam Quang, Minister of Public Security; Nguyen Duy Ngoc, Secretary of the Hanoi Party Committee; Le Hoai Trung, Minister of Foreign Affairs; Pham Gia Tuc, Secretary of the Party Central Committee and Chief of the Party Central Office; along with members and alternate members of the Party Central Committee, leaders of central agencies and ministries, and Vietnamese Ambassador to the US Nguyen Quoc Dung.

Representing the US were Michael George DeSombre, Assistant Secretary of State for East Asian and Pacific Affairs, and David Fogel, Assistant Secretary of Commerce and Director General of the United States and Foreign Commercial Service.

In his welcoming remarks, Ambassador Nguyen Quoc Dung emphasised that after 30 years of normalisation of relations, Vietnam and the US have become Comprehensive Strategic Partners for peace, cooperation, and sustainable development. The two countries have transformed historical differences into a bridge of lasting cooperation based on mutual respect and understanding, and joint efforts to look towards the future.

Cooperation agreements between business communities of both countries have made significant contributions to building a strong, substantive, and balanced relationship, he noted.

He affirmed that the Embassy of Vietnam in the US pledges to continue serving as an active bridge, promoting policy dialogue, addressing obstacles, and providing the most favourable conditions for business cooperation between the two countries.

The signed and exchanged documents cover numerous important agreements in science and technology, digital transformation, aviation, and health care. Specifically, the Ministry of Science and Technology granted a license to provide telecommunications services with network infrastructure (satellite fixed telecommunications network) to Starlink Services Vietnam Co., Ltd.

Vietnam Airlines and Boeing signed a contract for the purchase of 50 Boeing 737 MAX aircraft. The two sides are continuing to develop their long-term partnership through Vietnam Airlines’ first order of Boeing’s narrow-body aircraft. This order will support the airline’s efficient and sustainable growth strategy and enhance domestic and regional connectivity.

Sun Phu Quoc Airways also signed a contract to purchase 40 Boeing 787-9 Dreamliner aircraft from Boeing. The agreement will strengthen the airline’s long-haul operational capacity and help reinforce trust and promote sustainable bilateral economic cooperation between businesses of the two countries. Enhanced connectivity is expected to serve as a catalyst for tourism, investment, and trade flows between Vietnam and the US.

In addition, Vietjet inked an agreement with Pratt & Whitney (a subsidiary of RTX Corporation) for the purchase of engines and maintenance services for 44 A321NEO and A321XLR aircraft powered by GTF engines. The carrier also signed a financing agreement with Griffin Global Asset Management for six Boeing 737-8 aircraft.

Party General Secretary To Lam witnesses the exchange of the contract for the purchase of the Mevion S250-FIT proton cancer radiotherapy system between Tam Anh General Hospital and Mevion Medical Systems. Photo: VNA

In the healthcare sector, Tam Anh General Hospital and Mevion Medical Systems signed a contract to purchase the Mevion S250-FIT proton therapy system, currently the most advanced proton cancer radiotherapy system in the US. Vietnam becomes the first country in Asia to own this advanced system, opening up new prospects for safer and more effective cancer treatment./.

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