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BUSINESS IN
BRIEF 30/3
The
first flight using Boeing 787-9 Dreamliner aircraft of national flag carrier
Vietnam Airlines arrived at Domodedovo airport in
Speaking
at the welcome ceremony, Chief Representative of Vietnam Airlines in Russia
Le Thanh Dung said the airline is striving to meet demand of passengers in
Meanwhile,
Vietnamese Ambassador to Russia Ngo Duc Manh congratulated Vietnam Airlines
on using Boeing 787-9 Dreamliner for the Hanoi-Moscow air route, contributing
to the enhancement of the partnership between
Boeing
787-9 Dreamliner can carry up to 311 passengers and saves 20 percent of fuel
compared to previous generations of aircraft.
Vietnam
Airlines was recognised as a 4-star airline for two consecutive years in 2016
and 2017 by the international air transport rating organisation Skytrax.
It
targets a 13 percent increase in revenue and an 8.3 percent rise in the
number of passengers in 2018.
Apart
from Asia, the airline is also seeking to expand their markets in
Vietnamese tech startups
Vietnamese
startups in new technology will be a key driver in luring in foreign capital
within the next decade, said Maybank Kim Eng Group in March 27's conference
in
As
new and disruptive technology drives change and enables the ASEAN
marketplace, Maybank Kim Eng Group believes that
“New
technology in
According
to the group, investors are excited about this growth potential and they are
now shifting to the ASEAN from
Chong
told VIR that overseas investors pay strong attention to the region,
particularly
"From
what we have seen, investors are driven by the fast growth rates of ASEAN
countries, which average 5 to 6 per cent per year, the young population, and
high penetration of Internet connection," he said.
The
capital for these deals mostly came from
Statistics
from Maybank Kim Eng show that funding to ASEAN tech startups has surged in
the last two years. In the first eight months of 2017, disclosed equity
funding for the startups was around $6.5 billion, double the $3.1 billion of
2016 despite the lower number of deals.
Major
deals in the region are Alibaba’s $4-billion investment into Lazada; Tencent,
Temasek, and Google pouring $1.2 billion into Indonesian ride-hailing app
Go-jek or JD.com putting $500 million into Thai fintech startup Tokopedia.
“This
is a very exciting time for the ASEAN as the young population is energetic
and is becoming increasingly tech-savvy. We are studying at least twelve
Vietnamese startups in fintech, consumer finance, and e-commerce to decide
which one to invest in,” said Justin Hall, partner at Golden Gates Ventures.
Golden Gates currently has three investments in
Google
and Temasek estimate that the Internet economy in the ASEAN will reach $200
billion in 2025, a six-fold growth every year. In particular, the e-commerce
sector will take up at least $5 billion, presenting fresh opportunities for
investors and startups.
Invest
ASEAN is an annual conference held by Maybank Kim Eng Group in
Major
topics at this year’s event include artificial intelligence, venture capital,
and global macroeconomics updates.
Wood industry sees promise of growth in CPTPP
Once
the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
(CPTPP) comes into effect, tariffs on Vietnamese wood exports to signatories
of the CPTPP will be cut down to zero, bringing many advantages for the wood
sector, according to the Vietnam Timber and Forest Product Association
(VIFORES).
Addressing
a conference on wood exports on March 27 in
Meanwhile,
CPTPP members such as
The
CPTPP will help to facilitate the purchase of machinery, equipment, and
technologies from developed countries such as
Mr
Quyen also pointed out challenges facing Vietnamese businesses such as
intellectual property, saying that there is a limited knowledge base among
Vietnamese businesses and management agencies regarding intellectual
property.
Despite
exports of US$8 billion, the value of products designed in
He
added that this is quite a complicated issue because domestic businesses find
it difficult to build brand names and establish their own intellectual
property.
Mr
Quyen emphasized that the enforcement of the CPTPP will relate to many
partners including wood businesses, forest planting households, and wood
commerce, transport, traders and processors.
However,
Vietnamese businesses’ knowledge of these issues remains imprecise.
Businesses must make greater efforts to develop the supply of wood.
Last
year, forestry exports reached nearly US$8 billion, including US$ 7.7 billion
from wood and timber products. The wood industry is striving to reach a
target of US$9 billion this year.
Next decade to see stronger capital flows to Vietnamese tech
startups
Vietnamese
startups in new technology will be a key driver in luring in foreign capital
within the next decade, said Maybank Kim Eng Group in today's conference in
As
new and disruptive technology drives change and enables the ASEAN
marketplace, Maybank Kim Eng Group believes that
“New
technology in
According
to the group, investors are excited about this growth potential and they are
now shifting to the ASEAN from
Chong
told VIR that overseas investors pay strong attention to the region,
particularly
"From
what we have seen, investors are driven by the fast growth rates of ASEAN
countries, which average 5 to 6 per cent per year, the young population, and
high penetration of Internet connection," he said.
The
capital for these deals mostly came from
This
is a very exciting time for the ASEAN as the young population is energetic
and is becoming increasingly tech-savvy. We are studying at least twelve
Vietnamese startups in fintech, consumer finance, and e-commerce to decide
which one to invest in.
Statistics
from Maybank Kim Eng show that funding to ASEAN tech startups has surged in
the last two years. In the first eight months of 2017, disclosed equity funding
for the startups was around $6.5 billion, double the $3.1 billion of 2016
despite the lower number of deals.
Major
deals in the region are Alibaba’s $4-billion investment into Lazada; Tencent,
Temasek, and Google pouring $1.2 billion into Indonesian ride-hailing app
Go-jek or JD.com putting $500 million into Thai fintech startup Tokopedia.
“This
is a very exciting time for the ASEAN as the young population is energetic
and is becoming increasingly tech-savvy. We are studying at least twelve
Vietnamese startups in fintech, consumer finance, and e-commerce to decide
which one to invest in,” said Justin Hall, partner at Golden Gates Ventures.
Golden Gates currently has three investments in
Google
and Temasek estimate that the Internet economy in the ASEAN will reach $200
billion in 2025, a six-fold growth every year. In particular, the e-commerce
sector will take up at least $5 billion, presenting fresh opportunities for
investors and startups.
Invest
ASEAN is an annual conference held by Maybank Kim Eng Group in
Major
topics at this year’s event include artificial intelligence, venture capital,
and global macroeconomics updates.
Shop & Store Vietnam to popularise franchising in Vietnam
Shop
& Store Vietnam 2018 was officially kicked off today to deliver enriched
content and business opportunities in retail and franchise.
At
the same time,
Suttisak
Wilanan, deputy managing director of Reed Tradex, pointed out that
Shop
& Store Vietnam 2018, organised by Reed Tradex, is taking place at the
Saigon Exhibition and Convention Centre (SECC) on March 28-30. With the
presentation of 70 brands from 18 countries and regions, and three
international group pavilions from
Among
the exhibitors there are franchise brands like Miniso and Tupperware, as well
as master franchises like Redsun ITI introducing King BBQ, Hotpot Story, and
Khao Lao; Somy with Blackball; Vy Ha with Chabayom; and Global Notes
presenting SIC, Renmi, and Nishio, among others.
Beside
large players who provide retail solutions like Happy Move, Senior Soft, Can
Innovation, Paneles, and Suzhou Hongyua, Shop & Store Vietnam also
introduces new technologies to apply in retail business, such as retail
devices and digital signage solutions from Samsung or Hologram technology
presented by Worldline or an e-commerce platform for retail from Haravan.
It
is inevitable that more and more Vietnamese businesses are now exploring new
business opportunities via franchising. Nevertheless, there are a number of
risks that a franchisor should investigate carefully before engaging or
expanding in business in
At
its first edition, Shop & Store Vietnam focuses on developing content
that helps entrepreneurs prepare to the most effective business strategy in
Vietnam, as well as reach out to the world with the “Retail & Franchise
Conference in Vietnam” in corporation with Retail & Franchise Asia, and
“Legal Aspects in Franchising” in corporation with VF Franchise
Japanese investors out of top three largest foreign investors
during January-March
In
the first quarter of this year, the three largest foreign investors in
The
investment capital of the three largest foreign investors made up 51.45 per
cent of the total foreign direct investment (FDI) capital inflow in
According
to the statistics of the Foreign Investment Agency (FIA) of the Ministry of
Planning and Investment (MPI), in the first three months of this year,
Notably,
as of March 20, 618 newly-registered projects received investment
certificates with the total investment capital of $2.12 billion, 72.7 per
cent of last year's figure, while 199 existing projects received added
capital of $1.79 billion, 45.4 per cent. Meanwhile, 1,285 M&A deals were
signed with a total investment capital of $1.89 billion.
In
the first quarter of this year, foreign investors invested in 17 industries
nationwide. The processing and manufacturing industry still maintains the top
position with a total of $3.44 billion, equaling 59.4 per cent of the total
FDI inflow into the country. The runners-up are the wholesale and retail
industry with $531 million and the real estate industry with $486 million.
Besides,
Notably,
foreign investors poured capital into 49 cities and provinces across the
country.
List
of outstanding FDI projects in the first quarter:
100
per cent Hong Kong invested Regina Miracle International Vietnam Co., Ltd.
added $260 million to its existing sport clothes and shoes manufacturing
factory in
The
$150-million Hanbaram wind-power project in Ninh Thuan province and the
$80-million garment project funded by Ramatex Nam Dinh in Nam Dinh province
A
project producing motor vehicle spare parts in Hai Duong
A
solar panel factory of Vina Cell Technology Company added $100 million to its
investment project in Bac Giang province.
Mekong
Agritech Accelerator (MATCh) has announced that 23 startups have been invited
to join its 2018 program, including 13 from
MATCh’s
competitive application process sought to identify agricultural technologies
and new business models with the potential to reshape agriculture towards
sustainable and inclusive growth in the Greater Mekong Sub-Region (GMS).
Applications were received from 127 startups. A panel of agriculture and food
industry experts as well as investors evaluated the applications and selected
the finalists.
When
asked about the MATCh participants, Mr. Dominic Mellor from the Asian
Development Bank (ADB), who heads up the Mekong Business Initiative (MBI),
said: “We are extremely impressed with the innovations from the MATCh
participants. MBI and our partners will work with the selected innovators and
entrepreneurs on transforming the agricultural industry in the Mekong Region
into a leading supplier of safe and nutritious food for all.”
Finalists
will learn, share, and grow their businesses and technology with mentors,
industry experts, and investors. They will attend a boot camp to improve and
refine their business models and build their networks. They will also join
the 2018 GMS Leaders Summit in
“Through
a number of MATCh applicants, we found that the GMS region has embraced
technology quite fast and has tweaked it to make it more applicable to
markets and customers,” said Ms. Isabelle Decitre, Founder and CEO of ID
Capital, the company operating Future Food Asia - the first platform of its
kind to accelerate agri-tech and food-tech innovations in the Asia-Pacific
region. “Global solutions providers are more mature, and helping them develop
in the GMS region will further accelerate the adoption of technology by
providing role models local entrepreneurs can relate to.”
MATCh
is the first accelerator for agri-tech startups in
“MATCh
was launched on the sidelines of the Second GMS Agriculture Ministers’
Meeting in September 2017 in
eFounders Initiative for Asian entrepreneurs kicks off
The
United Nations Conference on Trade and Development (UNCTAD) and the
The
eleven-day course is part of a commitment by Jack Ma, Alibaba Group’s founder
and Executive Chairman and UNCTAD Special Adviser, to empower 1,000
entrepreneurs from developing countries over five years.
The
launch of the first program for Asian entrepreneurs comes after the success
of the inaugural class for 24 African participants last November.
Following
a rigorous selection process, the final candidates from Cambodia, Indonesia,
Malaysia, Pakistan, the Philippines, Thailand and Vietnam will embark on an
eleven-day intensive course providing first-hand exposure to e-commerce
innovations from China and around the world and will become eFounders
Fellows.
Eventually
these young entrepreneurs will become catalysts in their home country and
spur digital transformation in their economies.
“We
want to reach out to youth and include them in the work we do for inclusive
and sustainable economic growth,” said Arlette Verploegh, Coordinator for the
eFounders Initiative at UNCTAD. “The initiative is about bridging the digital
divide for young entrepreneurs and unlocking their potential. It is part of a
set of smart partnerships UNCTAD is creating to reach the sustainable
development goals.”
All
participants are founders of their respective startups, in e-commerce, big data,
logistics, fintech, payments, and tourism.
“We
are excited to extend this fellowship to entrepreneurs from
“Our
goal is to inspire entrepreneurs to serve as pioneers in building a more
inclusive development model that is not just good for their business but also
good for society, by creating platforms that all can participate in and
benefit from.”
Under
the auspices of the 2030 Agenda for Sustainable Development, the initiative
is aligned with the wider call to action to ensure that no one is left behind
in the digital economy and to help bridge the digital divide faced by
businesses in emerging markets.
Jointly
organized by UNCTAD and the
Participants
in the eFounders Initiative will learn first-hand the transformative impact
e-commerce and technology have on society in
Upon
graduation, participants will officially become Fellows of the eFounders
Initiative and make formal commitments on how they will apply the learning
from this program. As part of the wider eFounders Initiative community of
promising young entrepreneurs around the world, UNCTAD and the Alibaba Group
will also continue to advise on and provide support for the creation of
e-commerce ecosystems with other stakeholders.
The
first class of eFounders Fellows - 24 entrepreneurs from Africa - completed
the program in November 2017 after a similar two-week intensive workshop in
To
continue the impact of the initiative, UNCTAD and Alibaba have already
completed a full round of follow-up meetings with the fellows, each of whom
are actively applying what they learned in their own enterprises as well as
sharing insights with their home communities. They are working towards
achieving their commitments and will continue to check in with UNCTAD and
Alibaba every three months.
The
Vietnamese economy is forecast to expand by more than 7% in the January-March
period, which will be the best first-quarter performance in the last ten
years.
The
estimate was announced by the Ministry of Planning and Investment (MPI) at a
meeting on macroeconomic management chaired by Deputy Prime Minister Vuong
Dinh Hue on March 27.
MPI
Deputy Minister Le Quang Manh said that the strong growth was mainly driven
by the manufacturing sector.
Agriculture
has continued to grow thanks to favourable weather conditions and the ongoing
restructuring efforts, while services were buoyant on the back of growing
private consumption as a result of macroeconomic stability, Manh added.
Exports
in the January-March period were estimated to surge by 23% to US$33.62
billion, outstripping imports by nearly US$1.1 billion.
The
MPI deputy minister estimated that total growth for the year could reach
6.8%, higher than the set target of 6.7%, if the current momentum is
sustained.
Deputy
PM Hue said that although Vietnam’s outlook was bright in the early months of
the year, there is no place for complacency, and urged all concerned parties
to promote the drivers of growth and keep a close eye on developments in the
domestic and global economy.
The
official economic data for
“Paper
trading” is probably no longer suitable in the current business context,
especially in the trading of agricultural products. Therefore, in 2017, the
Department of Domestic Market (Ministry of Industry and Trade) updated some
stages of the trade promotion process, bringing delegations of foreign
traders to the raw material sites of mangoes, dragon fruit, and pineapples so
they can witness the production process and directly discuss business with
farmers. Specialists from the ministry or from the local Departments of Trade
and Industry only play as facilitators.
Deputy
Head of the department, Hoang Anh Tuan, said that this visual method helps to
reduce costs from organising meetings and raises efficiency thanks to the
direct discussion of supply - demand between the sellers and the buyers.
For
example, in the past, dragon fruit farmers in Binh Thuan often had headaches
because of their unstable output. However, in recent years, thanks to
improvements in marketing, local dragon fruit has been traded at a stable
rate and at a higher price. Director of the Department of Industry and Trade
of Binh Thuan province Do Minh Kinh said that the province has more than
27,000 ha of dragon fruit, with output reaching about 600,000 tonnes per
year. The amount of local dragon fruit for domestic consumption is 15%, while
85% is exported to 16 markets, of which 70% are in
Binh
Thuan is concentrating on dragon fruit exports via official channels for a
more transparent, safe, and sustainable market. The Binh Thuan Industry and
Trade Department has invited foreign traders to farms to enjoy the flavours
of local dragon fruit cultivated in the new way, while discussing business
directly with farmers.
Similarly,
in 2017, the Department of Industry and Trade of Ho Chi Minh City implemented
a range of solutions to connect the city's businesses with other localities
through bringing the city’s products to other provinces and enabling local
businesses to connect and expand the market for consumption. At present,
there are 75 investment projects between the city and other localities with a
total investment of more than VND27.4 trillion, including farming and food
processing projects and building factories and farms. Of this, the linkage
providing capital for farmers to run bio-farm produce reaches VND2.5 trillion
per year.
Deputy
Head of the Ho Chi Minh City Department of Industry and Trade, Nguyen Phuong
Dong, said that his department has organised field trips to introduce traders
to producers and farmers in the fields. In such face-to-face meetings, the
business cooperation procedure has been quicker and easier with reduced
complications from third parties, and reduced risks in the commodity
production chain. Moreover, it also helps improve product quality, reduce
production costs, and increase products’ value and competitiveness.
According
to statistics from the General Department of Vietnam Customs, the export
turnovers of fruits and vegetables reached US$383.7 million in January, up
18.3% over the previous month and up 63.6% over the same period in 2017.
Statistics
from the
Experts
suggested that to increase exports of fruits and vegetables to
Commercial
Counsellor of the Vietnamese Embassy in Japan Ta Duc Minh said that the
Japanese market highly values agricultural products from
Ensuring
Vietnamese agricultural products stand firm and gain a foothold in selective
markets is not an easy task. The Vietnam Institute for Economic and Policy
Research recommended that the core factor is to increase the quality of
products and trade promotion activities, providing regularly updated
information on demand and the standards of imported products for each market.
In
addition,
The
total foreign direct investment (FDI) registered in Vietnam in the first
quarter of 2018 reached approximately US$5.8 billion, equivalent to 75.2% of
the same period last year, the Foreign Investment Agency (FIA), under the
Ministry of Planning and Investment, has announced.
From
the beginning of the year to March 20, 2018, FDI disbursement in the first
quarter of the year reached roughly US$3.88 billion, representing a surge of
7.2% against the previous year.
Of
the total, US$2.12 billion came from 618 newly licensed projects, while the
remainder was contributed by 199 currently-operating projects that raised
their capital by more than US$1.79 billion in total.
In
the first quarter of this year, foreign enterprises have invested in 18
sectors, among which, the manufacturing and processing industries continued
to be the top sector, receiving FDI of US$3.44 billion, comprising 59.4% of
the total registered FDI.
From
January to March, 76 countries and territories worldwide were making active
investments in
Affordable apartments in HCMC in short supply
A
large number of apartment projects in HCMC are available on the market but
small-sized and affordable units are in short supply, according to a Lao Dong
newspaper report.
The
newspaper said a majority of housing projects put up for sale in HCMC between
December 2017 and February 2018 fall into the mid-range category. Each unit
costs over VND1.5 billion (US$65,750), excluding valued-added tax and other
costs.
Though
prices are quoted in their advertisements at VND1 billion per unit, actual
prices are much higher. VND1 billion is enough to buy units that are
unattractive and small.
Developers
of affordable housing such as Hoang Quan Consulting Trading Service Real
Estate Corporation, National Housing Organization JSC, and Le Thanh Real
Estate Service and Construction Company have not put any new apartments up
for sale since mid-2017.
Major
property investors such as Him Lam Land, Novaland, Hung Thinh, Vingroup and
Nam Long are selling their homes at over VND1.5 billion each.
The
market is overwhelmed with apartments costing more than VND2 billion each,
particularly those belonging to projects like Masteri An Phu developed by
Thao Dien Investment JSC, Ascent Lakeside by Tien Phat Real Estate Investment
Corporation and Gem Riverside by Dat Xanh Group.
Market
watchers said the HCMC property market is short of budget housing projects
due to surges in building material prices and land scarcity. Local property
developers have had no way but to push up home prices.
The
city government has banned construction of homes below 40 square meters each,
said Tran Quoc Viet, general director of Cat Tuong Group, a local real estate
firm.
Low-income
people can find small homes more affordable, he noted.
Le
Hoang Chau, chairman of the HCMC Real Estate Association, said the municipal
government has capped the minimum area of commercial homes at 45 square
meters each.
To
make more low-cost homes available on the market, the association has
proposed the city government give property investors the green light to build
smaller units as long as the number of such homes does not exceed one-fourth
of all units in a single project.
Chau
said if infrastructure in outlying districts is adequate, residential blocks
with a certain percentage of small units should be developed there.
The
city is home to around three million migrants, accounting for 23% of the
city’s population. The majority of them are low-income earners and have great
residential demand, he added.
According
to him, the local government should set up mechanisms to lure property firms
into developing budget homes.
The
association has proposed the National Assembly, the Government, and the State
Bank of Vietnam allocate VND1-2 trillion (US$43.8-87.6 million) from the
State budget to beneficiaries of social apartments through bank loans with an
annual interest rate of 4.8% until 2020.
He
said these State agencies should also come up with mechanisms to implement
preferential credit policy for social housing investors in line with the
Housing Law in the long run to reduce prices of these homes.
HCMC tax office works with court over Uber lawsuit
The
HCMC Tax Department on March 26 showed up at the HCMC People’s Court
providing documents related to a lawsuit filed by Uber B.V.
Nguyen
Nam Binh, deputy director of the HCMC Tax Department, told the Daily on March
26 that the department presented relevant documents to the court as
requested. No specific schedule for the next steps has been made, he added.
According
to him, the department will have to go through each and every step of the
legal process.
As
reported earlier, the department was sued by Uber for a decision to collect
back taxes in the period between the firm’s launch in
According
to Uber, it is not responsible for paying value added tax and personal income
tax on behalf of drivers. The tax department cannot collect taxes that were
due before the ministry’s guidance came out and the firm would just pay taxes
after the guidance was issued, argued Uber.
Binh
said the firm has the right to sue or complain. However, the tax department
adheres to the guidance of the ministry concerning Uber’s tax obligations.
According
to Binh, it is unreasonable that Uber refuses to pay taxes from the time of
its debut on the local market as businesses are obliged to pay taxes.
The
back taxes the tax department requested Uber to pay amount to VND66.6
billion, including VND26.3 billion in value added tax, VND14.6 billion in
personal income tax paid on behalf of drivers, VND10.5 billion in corporate
income tax for foreign contractors, VND4.9 billion in late payment fines and
VND10.3 billion for false declarations.
This
is the second time Uber has sued the tax department over the tax collection
requests. The firm last December initiated the first suit, which was then
dropped by the HCMC People’s Court as Uber B.V. has no legal status in
Binh
said management agencies should work out a new approach to deal with complex
cross-border business models like Uber.
LOGIVAN secures Singaporean investment
The
Singapore-based Insignia Ventures Partners, founded by former Sequoia Capital
venture partner Yinglan Tan, has invested $600,000 in the Vietnamese freight-with-trucker
connecting platform LOGIVAN.
Linh
Pham, Founder of LOGIVAN, said the fresh capital will enable it to expand to
After
noting that 70 per cent of trucks in
LOGIVAN
offers a central platform that tracks the location of freight and trucks,
enabling it to optimize truck routes and reduce their empty load return
rates. To book a truck, customers access LOGIVAN online and indicate how many
trucks they require and what type of cargo they need delivered.
Linh
Pham, a former Goldman Sachs technology analyst and
Insignia
Ventures Partners is a venture capital firm specializing in startup investments.
It closed its maiden fund at $120 million in February. The milestone came
less than a year after Tan left Sequoia’s office in
The
LOGIVAN app connects thousands of reliable trucks to meet all needs anytime,
anywhere at competitive prices.
Vietjet receives new A321 aircraft with special logo
Vietjet
received its newest A321 aircraft on Wednesday, featuring the official logo
for the 45th anniversary of diplomatic relations between Việt
The
handover took place in the presence of Nguyễn Phú Trọng, General Secretary of
the Communist Party of Việt
The
logo features the image of a Vietnamese woman wearing a nón lá (palm-leaf
conical hat) and a red áo dài (traditional silk dress) holding hands with a
French woman wearing a beret and a blue-white plaid dress.
Vietjet’s
Managing Director Lưu Đức Khánh said the aircraft acknowledges Vietjet’s
continual efforts to introduce a vivid image of an innovative and integrated
Việt
“Standing
high from profoundly comprehensive collaborations among Vietjet and French
partners, we will contribute more to the development of
economic-cultural-trade cooperation between the two countries,” he said.
The
newly added A321 aircraft is the 43th of a total 121 aircraft that Vietjet
ordered from Airbus.
The
new addition to Vietjet’s expanding fleet will allow the airline to pursue
its strategy to improve its services and to expand operations to farther
destinations in
Earlier
on Tuesday, Vietjet also signed a comprehensive agreement with Safran-CFM on
supplying 321 engines to power the airline’s 148 aircraft as well as on fleet
management services, training, R&D programmes and technical management.
Safran-CFM
will also help the airline develop regional-level support maintenance
capabilities.
The
airline also inked a finance agreement with GECAS France on purchasing and
leasing six A321 Neo aircraft.
VNN
|
Thứ Sáu, 30 tháng 3, 2018
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