Korea Aerospace Industries and Viettel Aerospace Institute to Develop and Manufacture Helicopters in Vietnam

Jul 2023

In June 2023, Korea Aerospace Industries Co. (KAI) and Viettel Aerospace Institute (VTX), Vietnam’s largest telecom service provider, signed a preliminary agreement on cooperation to develop and manufacture helicopters. The agreement was included in the framework of the South Korean president’s state visit to Vietnam accompanied by the largest-ever economic delegation involving top conglomerates.

The defense sector is among the key areas for business cooperation between the two countries as Vietnam is looking to replace its current military helicopters. The collaboration is also a step forward in KAI’s efforts to boost sales of Surion helicopters to the Southeast Asian market.

KAI is Korea’s total solution provider in the aerospace sector. It holds more than 10 proprietary helicopter platforms, including marine and coast guard aircraft. The corporation has been taking a leading role in the domestic aviation industry and security with the successful development of KT-1 Basic Trainer, T-50 Advanced Jet Trainer, FA-50 Light Combat Aircraft, KUH-1 Utility Helicopter, and RQ-101 Unmanned Aerial Vehicle.

Prior to the Memorandum of Understanding (MOU) with VTX, KAI inked several agreements with Malaysia, Indonesia, and Slovakia to sell FA-50 and T-50 fighter aircraft. Notably, the Korean corporation closed a deal worth USD 3 billion to deliver FA-50 fighters to Poland in 2022; however, the Surion helicopters have never been exported to other countries before.

(Source: KED Global)

About Us

Orissa International helps companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 companies that includes distributors, resellers, system integrators and local manufacturers, that we have built through advising and guiding more than 5,000 companies with their market expansion into the ASEAN region over the last 25 years.

Orissa International is headquartered in Singapore, with additional offices in Malaysia, Indonesia, Thailand, Vietnam, and the Philippines.

Our Services