The announced joint venture between Vietnam Airlines and ST Engineering will support the growing Vietnamese airlines.
Yesterday’s announcement about a component maintenance joint venture between ST Engineering and Vietnam Airlines was the latest indication of the rapid growth of air travel in Vietnam.
Indeed, the Vietnam’s aviation regulator is encouraging local companies to explore joint ventures and add to the country’s MRO capacity, which at present is largely limited to Vietnam Airlines Engineering (VAECO).
Vietnam’s ministry of transport plans to invest about $15 billion in its aviation sector until 2030.
Collected and summarized from the source below by Tran Thi Tan https://www.mro-network.com/maintenance-repair-overhaul/vietnam-needs-more-mro-capacity