Hanoi (VNA) – Prime Minister Le Minh Hung hosted a reception for Wouter van Wersch, President of Airbus International – one of the world's leading aerospace corporations, in Hanoi on November 4, affirming the Vietnamese Government's commitment to continuously improving the business environment and creating favourable conditions for European businesses, including Airbus, to expand their operations and investments.
Welcoming van Wersch back to Vietnam on the occasion of the 40th anniversary of Airbus's presence in the country, the PM wished the group continued success and expressed his hope that it will make greater contributions to the development of Vietnam–EU relations as well as ties between Vietnam and EU member states.
The PM stressed that Vietnam always attaches importance to its relations with France, its first Comprehensive Strategic Partner in the EU, with economic, trade and investment cooperation serving as one of the most important pillars.
The official visit to France by General Secretary of the Communist Party of Vietnam Central Committee and President To Lam on September 10–11 helped deepen bilateral relations in a more substantive and effective manner, producing a number of concrete projects and outcomes, including those involving Airbus, he said.
PM Hung highly valued cooperation between Vietnam and Airbus over the past four decades, noting that Airbus has supplied a large proportion of aircraft operated by Vietnamese airlines and has also cooperated with the country in the field of observation satellites.
With a population of more than 100 million and rising incomes, Vietnam is implementing major infrastructure projects, including large airports such as Gia Binh and Long Thanh, in tandem with the development of special economic zones and logistics services, he said, noting that these developments have generated substantial demand for aviation industry development and aircraft fleet expansion.
As Vietnam enters a new era of development with enormous potential for cooperation with global partners, the Government leader called on Airbus to step up cooperation to implement major projects commensurate with the Vietnam–France Comprehensive Strategic Partnership and the firm's potential, helping strengthen the capabilities of Vietnamese enterprises and develop the aviation ecosystem.
He proposed that Airbus and Vietnamese partners accelerate projects in aviation and aerospace, while promoting technology development and transfer, research, high-quality human resources training, manufacturing capacity, safety oversight and flight operations.
The host also suggested that Airbus consider establishing aircraft maintenance and repair centres in Vietnam, particularly in the vicinity of Long Thanh and Gia Binh international airports.
He asked the group to support Vietnamese airlines in implementing aircraft supply agreements and contracts as they expand their fleets and open new routes, and to work closely with Vietnamese agencies to promote space cooperation.
On this occasion, PM Hung expressed his hope that Airbus will raise voice to promote France's early ratification of the EU–Vietnam Investment Protection Agreement (EVIPA), thereby supporting European businesses, including Airbus, to expand cooperation and operations in Vietnam.
He expressed his confidence that building upon the fruitful 40-year partnership, the cooperation between Vietnam and Airbus will enter a new phase of development that is more substantive and effective for the mutual benefit of both sides.
For his part, van Wersch commended Vietnam's strong development and its sound relations with the EU and France.
Vietnam plays an important role in Airbus's success, he said, noting that 230 Airbus aircraft are currently in operation in the country, with another 220 expected to be delivered in the coming period.
He welcomed Vietnam's continued strong investment in the aviation industry and aviation infrastructure, including the development of Long Thanh and Gia Binh airports and the broader aviation ecosystem, which offers new cooperation opportunities for Airbus.
Agreeing with the PM's proposals, van Wersch affirmed that Vietnam is a top priority for Airbus, which sees great opportunities and wishes to strengthen long-term ties with Vietnam, not only through aircraft supply but also by helping enhance the capacity of the country's aviation industry.
Marking 40 years of presence and cooperation in Vietnam, Airbus reaffirmed its long-term commitment to the country through strategic cooperation in commercial aviation, space and industrial manufacturing, technology transfer and high-quality human resources development, as well as expanded cooperation in digital transformation and artificial intelligence application./.
See more
Public investment disbursement reaches 74.1% of annual target
As of October 31, total public investment disbursement stood at nearly 708.6 trillion VND (over 27.5 billion USD), rising more than 217.5 trillion VND from a year earlier.
Vietnamese localities strengthen investment links with Korean businesses
Ambassador Vu Ho stressed that direct connections between Vietnamese localities and Korean businesses will help tap complementary strengths, expand investment opportunities and deliver practical results.
Five groups of measures underway to manage prices, keep CPI at around 4.5%
Under the scenario, the Steering Committee also requires businesses to reduce selling prices appropriately when input costs fall. Localities recording high CPI increases should analyse the causes by commodity and service group to enable targeted price management measures.
Five industrial exhibitions open in Ho Chi Minh City
The five exhibitions comprise the 17th International Water Supply, Sanitation, Water Resources and Purification Exhibition and Conference (Vietwater 2026); Vietnam Energy Week; an international exhibition on refrigeration, air conditioning and smart buildings; Vietnam Supporting Industry Fair (VSIF); and the Vietnam Data Centre & Cloud Confex.
Commercial banks cut listed deposit rates by 0.5 percentage points
In October, the State Bank of Vietnam directed credit institutions to mobilise all available resources, cut operating costs, share profits and step up efforts to lower interest rates. Under its directive, banks were required to cut listed deposit rates and rates on newly mobilised deposits by 0.5 percentage points per year for tenors of six months or longer, while reducing lending rates by 1.5-2 percentage points per year for production, business activities and priority sectors.
Vietnam reaffirms firm support for WTO’s central role in multilateral trading system
Vietnam remains committed to deep, proactive and substantive international economic integration. Two decades of WTO membership have demonstrated the importance of international integration in promoting economic reforms, expanding trade, attracting investment and strengthening national competitiveness.
Meeting higher standards helps enhance competitiveness of Vietnam’s handicrafts
Effective implementation of trade agreements is not merely about taking advantage of market-opening opportunities. It should also serve as a catalyst for Vietnamese handicrafts to upgrade production capacity, build stronger brands and capture greater value in international supply chains.
Textile-garment industry restructures supply chains to meet rules of origin
While domestic yarn production largely meets local demand, fabric weaving, dyeing and finishing remain significant bottlenecks. Sourcing materials from within the CPTPP bloc is also challenging as member economies are not major suppliers.
Vietnam’s export growth hinges on fixing logistics planning, data, multimodal links
Online export growth needs order fulfillment, international delivery, data infrastructure and support for firms building storefronts on major e-commerce platforms.
Vietnam’s AI-led export boom meets FDI dependence, inflation test
Despite global AI-bubble risk, heavy FDI dependence and inflation pressure, Vietnam still has solid macro drivers. If it proactively clears internal bottlenecks, it has enough position and strength to weather short-term volatility and hit its double-digit growth target in the coming time.
Tech giant FPT expands operations in Europe
The opening of the FPT Poland office in Gdansk was not only a milestone in the corporation's development but also demonstrated the technological capabilities and international integration of Vietnamese businesses, said Vietnamese Ambassador to Poland Ha Hoang Hai
Vietnam Airlines launches direct Hanoi-Ahmedabad route
The inaugural flight departed from Sardar Vallabhbhai Patel International Airport in Ahmedabad for Hanoi. The route will operate four round-trip flights per week.
Vietnam sharply cuts petrol prices, except mazut
Following the fresh adjustment, E5RON92 gasoline is now sold at 23,203 VND (0.89 USD) per liter, down 1,020 VND per liter from the previous adjustment, and 28 VND per liter below E10RON95-III, which is set at 23,231 VND per liter, down 928 VND per liter.
Reference exchange rate further falls on November 4
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 25,627 VND/USD on November 4, down 3 VND from the previous session.
Deputy PM calls for export-import market diversification, better trade governance
The Deputy PM called for timely handling of trade and tariff issues and effective solutions to address trade deficit. He also asked the drafting agency to continue reviewing the scope, title and content of the draft to ensure a balanced approach to trade governance that takes into account both trade surplus and deficit.
More room for Vietnam-Russia financial cooperation: Russian think-tank
For Russia, the Vietnam International Financial Centre is seen as a new financial lane alongside trade, energy and industry. Vietnam–Russia trade hit 4.77 billion USD in 2025, up 4%, generating demand for payments, bank guarantees, letters of credit, transport insurance and trade finance. VIFC financial entities can capture that business if they clear legal and commercial hurdles.
Forum promotes financial innovation alongside systemic safety
UEB Vice Rector Nguyen Thi Hong Thuy said the global financial system is undergoing profound transformation, with fintech, artificial intelligence (AI), big data, cloud computing, digital assets and open finance reshaping the delivery and supervision of financial services.
Vietnam eyes opportunities amid supply chain shifts in Southeast Asia
Vietnam aims to become a regional hub for artificial intelligence (AI) and data centres, as well as a destination for multinational corporations, international investment funds and financial institutions. To realise this goal, it is focusing on building a new-generation investment ecosystem that connects foreign-invested enterprises with domestic businesses, while developing logistics, data and clean energy infrastructure and a high-quality workforce.
APEC 2027: Special legal framework clears bottlenecks at major construction sites
Beyond successfully hosting APEC 2027, An Giang aims to ensure that these investments deliver long-term benefits. Upgraded aviation, urban transport, water supply and drainage, environmental treatment and digital infrastructure are expected to transform Phu Quoc and create fresh momentum for the special zone’s socio-economic development in the decades ahead.
Phu Tho accelerates preparations for ADB-funded tourism infrastructure project
The project will be rolled out in Ky Son, Tan Hoa, Thong Nhat and Thung Nai communes and wards, with an estimated implementation period of six years from the loan agreement's effective date, during 2028–2034.