In a significant boost for its aviation sector, Vietnam has announced multiple deals to acquire nearly 100 Boeing aircraft during a visit by Communist Party leader To Lam to Washington, D.C. The agreements, signed on February 19, highlight the burgeoning relationship between the United States and Vietnam and signal a pivotal moment for the country’s civil aviation market.
Vietnam Airlines has officially finalized a deal to purchase 50 Boeing 737 MAX jets valued at $8 billion. This purchase had been previously announced in 2023, reinforcing Vietnam Airlines’ commitment to modernizing its fleet and enhancing service quality.
In a remarkable move, Sun PhuQuoc Airways, a nascent airline launched by Sun Group, has signed a groundbreaking agreement to acquire 40 Boeing 787 Dreamliners. The deal, worth $22.5 billion, marks Vietnam’s largest order of wide-body aircraft to date and signifies the airline’s first direct purchase from Boeing. Chairman of Sun Group, Dang Minh Truong, emphasized that these aircraft will support long-range operations and help position Phu Quoc as a premier international tourist destination, which is crucial given the group’s extensive investment in tourism infrastructure.
Budget carrier VietJet has also made strides towards fleet expansion, agreeing to acquire six Boeing 737 aircraft through Griffin Global Asset Management in a financing deal amounting to $965 million. The airline stated that this agreement is a meaningful step in diversifying its international funding sources, which is vital for bolstering its financial capacity in accordance with global standards.
These announcements came just ahead of To Lam’s participation in the inaugural meeting of U.S. President Donald Trump’s “Board of Peace,” an initiative aimed at addressing various global conflicts. In a related update, Trump noted that over 20 member states have pledged more than $5 billion for humanitarian and reconstruction efforts in Gaza, along with the deployment of personnel for an International Stabilization Force intended to help restore order in the region.
The series of aircraft acquisitions underscores Vietnam’s commitment to expanding its aviation capabilities and enhancing its position within the global market. As the country continues to cultivate its aviation industry, these deals with Boeing represent not only a substantial investment in transportation infrastructure but also a strengthening of U.S.-Vietnam relations.
With the global aviation industry showing signs of recovery post-pandemic, these developments are likely to bolster Vietnam’s tourism and business sectors, further integrating the country into the international travel network. As these agreements move forward, both Vietnamese carriers and Boeing are poised for growth, setting the stage for a more robust future in civil aviation.
Original Source: https://www.cnbc.com/2026/02/19/vietnamese-airlines-boeing-jet-deals-to-lam-us-visit-board-of-peace-vietjet-sun-phu-quoc.html
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Publish Date: 2026-02-19 15:53:00
