HCMC – Haeco, Sun Group and their partners plan to invest US$360 million to build an aircraft maintenance complex at Van Don International Airport in Quang Ninh Province.
The information was released at the meeting between Permanent Deputy Prime Minister Nguyen Hoa Binh and Richard Sell, CEO of Haeco Group, a subsidiary of the UK-headquartered multinational Swire Group, on November 17.
The company is a global leader in aircraft maintenance, repair and overhaul (MRO), providing services for airframes, engines, components, as well as aviation technical training.
According to the Government news site, Richard Sell said that Haeco, Sun Group and their partners plan to invest US$360 million in building an aircraft maintenance complex at Van Don International Airport in Quang Ninh.
The group recently signed a 15-year contract with a U.S. partner for aircraft maintenance and repair services at the facility, creating significant opportunities and prospects for cooperation with Vietnamese and international partners.
Sell expressed hope that the Vietnamese Government, along with relevant ministries and local authorities, would provide favorable conditions for the project, particularly in areas such as tax incentives, land leasing, visas and entry procedures, housing for experts, and workforce supply.
In response, Permanent Deputy Prime Minister Binh affirmed that Vietnam welcomes and encourages foreign investment in high-tech sectors.
He noted that all high-tech industries, including aircraft maintenance, are eligible for preferential policies and incentives.
The permanent deputy prime minister urged Haeco to complete the investment procedures for the Van Don project. He also expressed hope that the group would train and employ local workers, and expand cooperation and investment into other fields where Haeco has strengths and Vietnam has demand.
