Boeing has drawn new orders totaling 90 commercial aircraft from three Vietnamese airlines, orders that are unofficially estimated at $30 billion. The orders from Vietnam Airlines, Sun PhuQuoc Airways, and Vietjet were made during a Washington visit by To Lam, general secretary of the Communist Party of Vietnam.
Since the start of the second Trump Administration Boeing has figured prominently in bilateral trade negotiations with several nations. These have been linked to several large-volume orders for Boeing, including 210 Boeing 787 and 777X jets from Qatar Airways; 153 737 MAX, 787 Dreamliners, and 777X jets from Korean Air; 12 widebody 787 Dreamliners from Gulf Air in Bahrain; and 22 787 Dreamliners for Uzbekistan Airways.
Vietnam Airlines - which currently operates 17 787 Dreamliners on regional and international routes - is due to purchase 50 737 MAX-8 aircraft in a reported for $8-billion deal, to fill anticipated higher domestic passenger volumes.
Sun PhuQuoc Airways is a new airline started to serve resort destinations on Phu Quoc Island in the Gulf of Thailand. The carrier has ordered up to 40 787 Dreamliner jets, to connect international travelers to Phu Quoc International Airport. It’s estimated to have a potential value of $22.5 billion.
The Washington meeting also included an announcement that low-cost airline Vietjet has secured $965 million in financing to purchase six Boeing 737-8s as part of a fleet expansion.
With Southeast Asia poised for significant air travel growth over the next 20 years, Vietnam is expected to be the region's fastest-growing aviation market with annual passenger growth of nearly 8% by 2030.
Boeing projects Southeast Asian regional demand will expand to require almost 5,000 new commercial aircraft through 2044, paced by tourism and a growing middle class - and Vietnam figures to be the region's fastest-growing aviation market with annual passenger growth of nearly 8% by 2030.