US Firms Sign Deals Worth $21 Billion in Vietnam

Deals signed with Vietnamese firms would support more than 83,000 American jobs, White House says

President Donald Trump (center L) and his Vietnamese counterpart Nguyen Phu Trong (center R) witness a signing ceremony between Chairman of Bamboo Airways Trinh Van Quyet (R) and President and CEO of Boeing Commercial Airplanes Kevin McAllister (L) at the Presidential Palace in Hanoi on Feb. 27, 2019. LUONG THAI LINH/AFP/Getty Images

HANOI, Vietnam—Ahead of his historic summit with Korean leader Kim Jong Un, President Donald Trump held bilateral talks with Vietnamese leaders and oversaw the signing of several trade deals on Feb. 27 in Vietnam’s capital Hanoi.

Trump first met with President Nguyen Phu Trong at the presidential palace. During the meeting, U.S. companies Boeing Co., GE Aviation, and travel technology firm Sabre Corp. secured contracts worth more than $21 billion. According to the agreements, VietJet will buy 100 Boeing 737-Max jets and 215 GE/CFM joint venture engines, Bamboo Airways will buy 10 Boeing 787-9 jets, and Vietnam Airlines will buy $100 million in services and technology from Sabre.