26 deals signed between Vietnamese, British companies

By Vo Thanh   November 1, 2021 | 05:30 am PT
26 deals signed between Vietnamese, British companies
Prime Minister Pham Minh Chinh (second row, center) witnesses the signing of a deal between a Vietnamese and a British company, Oct. 31, 2021 in the U.K. Photo by Le Hieu
Vietnamese and British companies signed deals worth hundreds of millions of dollars in the presence of Prime Minister Pham Minh Chinh, who is in the U.K for the 2021 United Nations Climate Change Conference.

One of the most notable of the deals is the $400-million contract between Vietjet and Rolls-Royce for engines for wide-bodied aircraft and their servicing.

Rolls-Royce Civil Aerospace’s Chief Customer Officer, Ewen McDonald, said the company’s Trent 700 engine has the lowest lifetime fuel burn on its aircraft type, and has logged more than 60 million hours in service since its launch in 1995.

Hanoi-based diversified company Sovico Group signed a memorandum of understanding with Oxford University to cooperate and finance investment in research and education development with a total value of £155 million ($212 million).

Affinity Investment Fund and HDBank reached a grant of $300 million for the program on sustainable development and climate change combat.

Vingroup signed an agreement on research and development with Raphael Labs on the research of Covid-19 prevention medicine.

Diversified group T&T, Hanoi Medical University and Spanish company Hipra decided to partner on building a vaccine research center in Vietnam and in training human resources.

The U.K. also donated £500,000 toward Vietnam’s campaign against Covid-19.

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