During the Vietnamese President’s official visit to Singapore, SOVICO Group, Vietjet and Changi Airports International (CAI), the international arm of Changi Airport Group, have signed a strategic partnership agreement worth $US1.5 billion to develop the provision of aviation services at airports in Vietnam and in the region.
The signing ceremony was witnessed by Vietnamese President Nguyen Xuan Phuc and high-ranking dignitaries of Vietnam and Singapore, business representatives of the two countries and representatives of SOVICO Group, Vietjet and CAI.
The signing marks the first time that a private corporation and an airline in Vietnam collaborate with an international airport group to develop aviation services and facilities.
The parties will cooperate in the research and development of projects at airports in Vietnam, which include green, sustainable and smart infrastructure development projects.
Mr. Eugene Gan, CEO of Changi Airports International, said: “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.
“Our approaches always prioritize sustainability with close attention to the global ecosystem and surrounding catchment.”
Dr. Nguyen Thanh Hung, Vietjet Vice Chairman of the Board of Directors, said: “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.
“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.”