Vietnam Insider — National carrier Vietnam Airlines (HVN.HM) announced on Wednesday that it has signed a non-binding funding agreement worth up to $1.5 billion with global financial services provider ING. The agreement is aimed at accelerating the airline’s ambitious plans to expand its international flight network.
This strategic move marks a major step forward in Vietnam Airlines’ post-pandemic recovery and growth strategy, as it seeks to strengthen its global presence and respond to rising demand for international travel. The funding, while non-binding at this stage, underscores growing confidence in the airline’s long-term vision.
According to the airline, the capital will be allocated toward modernizing its fleet, opening new international routes, and enhancing overall service quality to meet global aviation standards.
“We are pleased to partner with ING as we take a bold step toward becoming one of the leading carriers in the Asia-Pacific region,” a Vietnam Airlines spokesperson told reporter. “This agreement reflects our commitment to investing in sustainable growth and expanding Vietnam’s connectivity with the world.”
ING’s support aligns with its broader strategy to back companies focused on long-term growth and infrastructure development in emerging markets.
Vietnam Airlines currently operates flights to more than 30 international destinations and has signaled plans to add routes in North America, Europe, and other high-growth regions in the coming years.
The agreement remains subject to final terms and regulatory approvals.
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Source: Vietnam Insider