Vietnam Airlines' unit sets up JV with Singapore's ST Engineering

Vietnam Airlines' unit sets up JV with Singapore's ST Engineering

REUTERS/Edgar Su

Vietnam Airlines Engineering Company (VAECO), a subsidiary of national carrier Vietnam Airlines, has set up a  $3.9-million joint venture with the aerospace arm of Singapore Technologies Engineering Ltd (ST Engineering), according to a statement.

The JV – Vietnam Singapore Technologies Engineering Aerospace – marks ST Engineering’s first foray into Vietnam, following a memorandum of understanding in April 2018.

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