WASHINGTON -- Vietnam and the U.S. have signed US$8 billion in deals, including a massive engine contract with a Vietnamese budget carrier famed for its bikini-clad air hostesses, officials said. The new deals saw Vietjet sign a 12-year engine contract worth US$3.58 billion with CFM International, a joint venture of General Electric and Safran. The airline also signed a separate deal worth US$1 billion with GE Capital Aviation Services in aircraft financing. The other new deals, signed in the sectors of hospitality, science and technology, academia and energy, come as Washington opts for bilateral agreements over sprawling free trade pacts. Trade deficit"We have a major trade deficit with Vietnam, which will hopefully balance out in a short period of time.

Source: The China Post June 01, 2017 06:22 UTC