HCMC – Vietnam Airlines has signed a memorandum of understanding (MOU) with U.S.-based Citibank for a funding package of at least US$560 million to supporting the Vietnamese national flag carrier’s strategic investment projects.
The signing ceremony took place in the presence of Deputy Prime Minister Ho Duc Phoc who is in the U.S. as special envoy of Party General Secretary To Lam to hold trade talks with the U.S. side.
Under the MOU, Citibank will consider providing funding for Vietnam Airlines’ investment projects, with the aim of enhancing the carrier’s operational capacity and expanding its international flight network in the coming years.
In addition to the financial commitment, it will provide strategic advisory support to Vietnam Airlines in working with relevant partners to develop an appropriate financial structure that ensures investment efficiency and effective risk management.
Following the signing ceremony with Citibank, Vietnam Airlines continued its working agenda with the Export-Import Bank of the United States (EXIM) on April 10 in Washington, to discuss credit guarantee mechanisms for the airline’s loan arrangements.
Vietnam Airlines’ collaboration with leading partners in the U.S. carries significant meaning amid the recent announcement by President Donald Trump of a new reciprocal tariff policy.
It will equip the carrier with new financial resources to advance its aircraft fleet investment agreement with a U.S. partner, while also supporting efforts to gradually improve the trade balance between Vietnam and the U.S.
