GE signs $5.58bn in power, aviation deals in Vietnam
General Electric Co said on May 31 it had signed deals in Vietnam worth about $5.58 billion for power generation, aircraft engines and services, its largest single combined sale with the country in GE’s history. The agreements came as Vietnamese Prime Minister Nguyen Xuan Phuc was on a three-day trip to the United States that was to include meeting with President Donald Trump and signing deals with U.S. companies for high-tech goods and services worth $15 billion to $17 billion. GE’s agreement with Vietjet Aviation JSC includes 20 jet engines made by CFM International, a joint venture of GE and Safran SA of France. It also includes a 12-year engine service contract for 215 LEAP-1B engines on 100 Boeing 737 MAX aircraft that Vietjet has ordered, GE said.
