GE signed agreements worth more than US $ 5 bn to support Vietnam's energy and aviation sectors

	PM Phuc, President Trump talk ways to advance Vietnam-US ties
	In photos: PM Phuc’s activities in the US
	PM Nguyen Xuan Phuc holds talks with UN Secretary General

Vietnamese Prime Minister Nguyen Xuan Phuc and U.S. Secretary of Commerce Wilbur Ross witnessed many GE’s important agreements

Ge announced series of important agreements in the state visit of Vietnamese Prime Minister Nguyen Xuan Phuc to the US, including agreements worth more than US $ 2 billion to support the development of Vietnam’s energy sector and agreements worth more than US $ 3.58 billion for CFM International aircraft engines and maintenance support – a joint venture between GE and Safran Aricraft Engines.

Mr. Nguyen Vu Truong Son, Director General of Petro Vietnam (left) and Mr. Steve Bolze, President and CEO of GE Power signed combined cycle turbine gas power plant projects using Green Whale gas field

These agreements constitute the largest combined series of transactions the GE’s operation history in Vietnam.

The signed energy agreements include Memorandum of Understanding to co-develop 1500 MW gas power plants and joint development agreements on 800MW Phu Cuong Wind Farm in Soc Trang. During 24 years of operation in Vietnam, GE currently provides more than 30% of the country’s total power generation.

CFM International signed 2 agreements with VietJet Air, including a maintenance support agreement for 215 LEAP-1B engines and an agreement toward expanding A321 fleet using CFM’s engines.

These agreements also include financial supports from GE and base on technology and equipment from GE’s manufacturing facilities in the US.