March 24, 2019

USA: Unlike What The Media Reported, President Trump DID SIGN Major DEALS Worth More Than $20 BILLION While He Visited Vietnam. Days Later Vietnam Opens Up To Amazon Business.



Politico News
written by Rebecca Morin
Wednesday February 27, 2019

President Donald Trump on Wednesday praised Vietnam for working to reduce the trade imbalance with the U.S. as Vietnamese carriers signed deals to buy Boeing jets and technologies valued at more than $20 billion.

VietJet is buying 100 Boeing 737-Max jets and 215 GE/CFM joint venture engines, and Bamboo Airways is buying 10 Boeing 787-9 jets. In addition, Vietnam Airlines is buying $100 million in services and technology from Sabre Corp.

Trump, who is in Hanoi, the Vietnamese capital, to meet with North Korean leader Kim Jong Un, hailed the deals.

“We are going to be signing some very big trade deals,” Trump said at the top of a bilateral meeting with President Nguyen Phu Trong of Vietnam, adding that Vietnam was going to be “buying a lot of different products from the United States … which we appreciate,” according to a report from the press pool there.

Bamboo Airways is looking to open routes to the United States, which would be the first time a Vietnamese carrier could fly and codeshare with U.S. airlines, Yahoo Finance reported. The Federal Aviation Administration earlier this month declared Vietnam in compliance with international aviation standards.

Kevin McAllister, president and chief executive officer of Boeing Commercial Airplanes, and Allen Paxson, vice president and general manager of the CFM Program at GE Aviation, were present for the event.


Fortune Magazine
written by By Nguyen Kieu Giang, Nguyen Dieu Tu Uyen, Kyunghee Park, and Bloomberg
Wednesday February 27, 2019

Vietnam’s Bamboo Airways and VietJet Aviation JSC signed deals to buy 110 aircraft from Boeing Co. during President Donald Trump’s visit to Hanoi for a summit with North Korean leader Kim Jong-Un.

Bamboo agreed to purchase 10 787-9 Dreamliners worth about $3 billion, while VietJet’s order is for 100 737 Max planes valued at $12.7 billion, Boeing said Wednesday. VietJet’s 100-plane commitment was unveiled at the Farnborough air show last year. The accords were signed in the presence of Trump and Vietnam’s President Nguyen Phu Trong.

Vietnam’s airlines are expanding their fleets as rising incomes and the region’s growing economies are spurring many to fly for the first time, boosting demand in the Asia Pacific, whose air-travel market is projected to surpass that of North America and Europe combined. Demand in Vietnam is also expected to climb after U.S. regulators last month gave their approval to the nation’s air-safety system, making its airlines eligible to begin direct flights to the U.S. and codeshare with American carriers.
These orders mean JOBS JOBS JOBS! Not just for these corporations but their ENTIRE SUPPLY CHAIN benefits from these deals. But the public wouldn't know about this awesome news because almost everyone reported "Trump left with no deal" or "Trump left empty handed." and even worse reporting. The public wants non-partisan news, not the bratty childish garbage being reported today. (emphasis mine)
The Chicago-based planemaker had been involved in the effort to get the safety rating, which would allow state-owned Vietnam Airlines to launch nonstop flights to Los Angeles and San Francisco, and proceed with a long-planned order for either Boeing 777-8 or Airbus SE A350-1000 aircraft.

Vietnam Airlines is considering purchasing as many as 100 737 Max planes this year to replace its aging fleet of Airbus SE single-aisle jets, with the new aircraft due for delivery between 2020 and 2030, Chief Executive Officer Duong Tri Thanh said in an interview last week. It may also buy long-range aircraft in preparation for flights to California.

Bamboo plans to order as many as 25 narrow- and wide-body Boeing aircraft this year, on top of the 10 Dreamliners it agreed to buy Wednesday, according to people familiar with the matter. The carrier has said it plans to fly to the U.S. later this year or early 2020, with possible routes to Seattle, Los Angeles and San Francisco.

Separately, General Electric Co. signed a $5.3 billion deal with VietJet to service engines for 200 Boeing 737 Max aircraft on order.
Tuoi Tre News, Vietnam local
written by Staff
Saturday March 2, 2019

Amazon is cooperating with a Vietnamese agency to select 100 Vietnamese businesses to sell their products on the network of the U.S. e-commerce giant.

Through the Amazon Global Selling program, the Vietnam Trade Promotion Agency (Vietrade) and Amazon experts will guide the firms on how to complete export-import and customs procedures, and to study the U.S. market.

The selected Vietnamese businesses will also learn how to build online shops on Amazon.com, develop their products and brands, and receive training on e-commerce and selling skills on Amazon, the Vietnam News Agency reported on Friday.
President Trump was in Vietnam on Wednesday February 27th. Vietnam News Agency reported this Amazon news on Friday, March 1st, two days later. (emphasis mine)
Amazon Global Selling is a program that enables merchants to list and sell their products across the world on Amazon's global marketplaces.

More than 98 percent of Vietnam’s businesses are small and medium-sized enterprises (SMEs), according to the General Statistics Office.

In 2018, 60 percent of Vietnam’s SMEs could not access loans from official sources, the World Bank has reported. The lack of capital prevents the SMEs from making appropriate investments to upgrade the quality of products for both domestic consumption and exports.

The Amazon program is a chance for local businesses to reach global consumers.

Previously, Walmart carried out a campaign to seek Vietnamese suppliers, according to the Vietnam News Agency report. This enabled products of Vinamit, Vietnam’s leading maker of fruit chips, to be available at Walmart China, while the country’s famous coffee brand Trung Nguyen is sold at Walmarts in Chile, Brazil, Mexico and China.

Vietnam’s e-commerce has emerged as one of the fastest-growing markets in the world, with value jumping from about $4 billion in 2015 to $5.1 billion and $6.2 billion in 2016 and 2017, respectively.

Revenue from online retail in the Southeast Asian country is forecast to hit $10 billion by 2020, accounting for five percent of the country’s retail market, according to the Vietnam News Agency.
I want to point out that I could not find this news reported by any major news outlet. This is why I follow local news on Twitter for most countries worldwide. I would not have known about this Vietnam Amazon news had I not caught it being shared by Tuoi Tre News on Twitter. (emphasis mine)

Posted by Princess Mononoke at 4:42 AM

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