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A representative from the Boeing Group said that the aviation market in Southeast Asia is exploding and that Vietnam has the potential for becoming the most competitive market in the region.

The President of Boeing Southeast Asia, Ralph L.Boyce, said Vietnam’s economy has turned the corner and is on a bright path to full economic recovery as evidenced by its high GDP growth rate of more than 5% last year.

Boeing is bullish on the Vietnam market and stands ready to fully support and back Vietnam airlines to obtain its targets, he said.

At the meeting, the US business representatives proposed the Vietnamese Government continue with measures to improve the banking system, restructure the macro-economy and deal with non-performing loans.

The US has high hopes of breakthroughs at the ongoing TPP ministerial meeting in Singapore, and TPP members expect to sign the trade pact in the fourth quarter of this year.