President Donald Trump is always working even when he’s working.
According to ABC News, Trump and Vietnamese President Nguyen Phu Trong presided over the signing of several trade deals in Hanoi on Wednesday, including a major deal involving the Vietnamese purchasing 110 Boeing planes worth $12.7 billion.
The huge deal not only brings billions of dollars back to the United States, it also came just before the president’s high-stakes meeting with North Korean leader Kim Jong Un in the Vietnamese capital.
“Hopefully great things will happen later on with our meeting but a lot of good things are happening before, and that’s the signing of trade deals with the United States, and we appreciate it very much,” Trump told Nguyen.
Here’s more from ABC News on the deal:
In the biggest of the deals, Chicago-based aircraft manufacturer Boeing Co. said it is selling 100 of its 737 MAX planes to Vietnamese low-cost carrier Vietjet. The privately owned carrier operates domestic and regional flights using Airbus planes.
Boeing and Vietjet said their deal was worth $12.7 billion at list prices. Airlines typically negotiate discounts for bulk orders.
Vietjet is doubling down on its bet for the 737 MAX, which is an updated version of the workhorse single-aisle 737 model. It already had 100 of the planes on order following a 2016 deal, though none have been delivered so far.
The deal marks a major confidence boost for Boeing, which has faced questions about the plane’s safety since a 737 MAX 8 operated by Indonesia’s Lion Air plunged into the Java Sea just minutes after taking off from Jakarta on Oct. 29, killing everyone on board.
Boeing sealed a second sale to Bamboo Airways of 10 787 Dreamliner, which they valued at $3 billion. The startup airline was founded in 2017 and began operating domestic flights in January. It is owned by Hanoi-based conglomerate FLC Group and already had 20 Dreamliners on offer.
U.S.-based aviation technology company Sabre also inked a deal with Vietnam Airlines during Trump’s visit. It said the memorandum of understanding has a “potential value” of $300 million.
The deals follow a determination by the Federal Aviation Administration earlier this month that Vietnam now meets international standards for aviation safety. That decision, which follows an assessment by the agency in August, would allow Vietnamese airlines to fly to the United States and to cooperate with U.S. carriers.
JUST IN: In a deal witnessed by U.S. President Donald Trump and Vietnamese President Nguyen Phu Trong, VietJet signs firm order to buy 100 new Boeing 737 Max planes worth $12.7 billion at list price. Live #TrumpKimSummit updates: https://t.co/g56kayvjYC pic.twitter.com/08QoHdaAu0
— Reuters Top News (@Reuters) February 27, 2019
The summit this week follows one held by Trump and Kim last year to begin early talks on denuclearization.
At the first summit, Trump and Kim signed a document asserting that the U.S. would provide “security guarantees” to Kim in exchange for the North Korean leader’s “unwavering commitment to complete denuclearization of the Korean peninsula.”
The same media who fawned over former President Barack Obama agreeing to the worthless Iran nuclear deal attacked Trump at the time, but now a second summit shows real progress.
Since the summit last year, North Korea has not fired a single rocket or missile, another sign of Trump’s policies working to bring peace to the Korean Peninsula.