In New York, Vietnam Airlines signed a Memorandum of Understanding (MOU) with Citibank, N.A., securing a funding commitment exceeding US$560 million to support its strategic investment initiatives.

The signing ceremony was witnessed by Vietnam’s Deputy Prime Minister, Mr. Ho Duc Phoc, as part of the Vietnamese Government delegation’s official visit to the United States. The visit aimed to strengthen bilateral trade relations and facilitate funding for key investment projects by state-owned enterprises.

Under the MOU, Citibank, N.A. has committed to providing financial support for Vietnam Airlines’ investment projects aimed at strengthening the airline’s operational capacity and expanding its international route network in the years ahead.

Beyond funding, Citibank will also deliver strategic advisory services to help Vietnam Airlines build a robust financial framework, ensuring efficient investment and effective risk management.

Collaborating with leading global financial institutions—especially those based in the U.S.—is a key pillar of Vietnam Airlines’ long-term strategy to enhance competitiveness, modernize its fleet, and stay aligned with evolving global aviation trends.

Mr. Le Duc Canh, Executive Vice President of Vietnam Airlines, said: “Today’s agreement represents a pivotal milestone in advancing our strategic goals. Partnering with globally recognized financial institutions like Citibank not only grants us access to high-quality capital but also paves the way for deeper integration into the global value chain.”

Mr. Ramachandran A.S., Citi Country Officer in Vietnam, said: “For more than 30 years, Citibank has drawn on its global aviation expertise to support Vietnam Airlines. We are excited to strengthen this long standing partnership and contribute to Vietnam Airlines’ mission of connecting Vietnam with the world. Citibank remains deeply committed to supporting Vietnam’s dynamic growth and enhancing economic and cultural ties between Vietnam and the United States.”

Following the MOU signing, Vietnam Airlines is set to meet with the Export-Import Bank of the United States (EXIM) on April 10, 2025, in Washington, D.C., to explore potential loan guarantee opportunities.

In 2025, the airline plans to launch or resume 15 international routes to key destinations across Italy, Russia, Denmark, China, India, Japan, South Korea, and the United Arab Emirates. This year also marks a significant milestone—Vietnam Airlines’ 30th anniversary (1995–2025).

Over the past three decades, Vietnam Airlines has grown into the nation’s flag carrier and a prominent player in the regional aviation market. As the global aviation industry rebounds from the pandemic and embraces digital transformation, Vietnam Airlines continues to lead the way, embodying Vietnam’s dynamic global integration and strengthening its presence on the world aviation stage.