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Vietjet And Changi Airports International Sign MoU To Support Aviation Services Supply In Vietnam

Vietnam-based leading investment group SOVICO Group has joined Vietjet and Changi Airports International (CAI) in the signing of a strategic partnership agreement worth $US1.5 billion. A signing ceremony was conducted in the presence of Vietnamese President Nguyen Xuan Phuc during his visit to Singapore and was also attended by dignitaries of Vietnam and Singapore, business representatives of the two countries and representatives of SOVICO Group, Vietjet and CAI.

Photo Credit: Vietjet

"We believe that our expertise and geographical experience in managing airports around the world will add value to Vietjet and related partners in raising development and management standards to optimize airport-related operations; hence promoting economic development, boosting connectivity in Vietnam and in the region,” said Mr. Eugene Gan, CEO of Changi Airports International. “Our approaches always prioritize sustainability with close attention to the global ecosystem and surrounding catchment."

The agreement signing marks the first time a private corporation and Vietnamese airlines with an international airport group has collaborated on the development of the provision of aviation services at airports in Vietnam and in the region. The partnership will see the parties involved cooperate in the research and application of green, sustainable and smart infrastructure development projects at Vietnam-based airports.

"Through the partnership with an industry expert such as Changi Airports International, we seek to contribute to the development and improvement of aviation services standards in Vietnam and in the region,” said Dr. Nguyen Thanh Hung, Vietjet Vice Chairman of the Board of Directors.

"The partnership further expresses our commitment to economic development goals, especially in aviation and sustainable development. The signing is significantly crucial in the context that the two countries are gradually opening up in a post-pandemic environment, creating more motivation for Vietjet to further expand its flight network in Vietnam and international markets."

Accompanying Vietjet, Sovico Group has always been a pioneer for aviation development in Vietnam and in the region by forging international collaborations that develop aviation facilities, bringing benefits to the industry in Vietnam as well as residents and tourists domestically and internationally.


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