Vietnam greets Trump with $20.9bn worth of Boeing and GE jet deals

Orders for US aircraft and engines help Hanoi address trade imbalance

20190227 vietjet plane

Vietjet aims to capture more of Vietnam's burgeoning air travel market by purchasing 100 Boeing planes. © Reuters

MITSURU OBE, Nikkei staff writer

HANOI -- Two Vietnamese budget airlines signed $20.9 billion worth of deals on Wednesday to purchase planes from Boeing and engines from General Electric, helping their government address trade pressure from one of its high-profile guests this week -- U.S. President Donald Trump.

The agreements were signed at a Presidential Palace in Hanoi right after Trump met with Vietnamese President Nguyen Phu Trong. Trump is in the capital for his second summit with North Korean leader Kim Jong Un, starting later in the day.

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