During the Vietnamese President’s official visit to Singapore, SOVICO Group, Vietjet and Changi Airports International (CAI), the international arm of Changi Airport Group, have signed a strategic partnership agreement worth $US1.5 billion to develop the provision of aviation services at airports in Vietnam and in the region.
The signing ceremony was witnessed by Vietnamese President Nguyen Xuan Phuc and high-ranking dignitaries of Vietnam and Singapore, business representatives of the two countries and representatives of SOVICO Group, Vietjet and CAI.
The signing marks the first time that a private corporation and an airline in Vietnam collaborate with an international airport group to develop aviation services and facilities. The parties will cooperate in the research and development of projects at airports in Vietnam, which include green, sustainable and smart infrastructure development projects.
With years of airport management and development knowledge, CAI is implementing a broad range of collaborations to play a part in elevating standards of airports globally.
Accompanying Vietjet, Sovico Group has always been a pioneer for aviation development in Vietnam and in the region by forging international collaborations that develop aviation facilities, bringing benefits to the industry in Vietnam as well as residents and tourists domestically and internationally.
Vietjet operates a comprehensive network in Vietnam and Asia Pacific. The airline currently has resumed its entire domestic flight network and operated a series of international flights from and to Vietnam while looking to further expand operations across continents in the near future.