Berlin energy transition dialogue

"The pandemic years are behind us and borders are open as normal," Willie Walsh, head of the International Air Transport Association (IATA), told IATA's annual summit of some 300 carriers. IATA boosted its industry profit forecast to $9.8 billion from $4.7 billion cheered by strong travel demand and an easing in oil prices. Revenue is expected to grow by 9.7% to $803 billion, inching closer to 2019's pre-pandemic level of $838 billion. But slender profit margins of 1.2% mean repairing damaged balance sheets and offering sustainable returns on investments will continue to be a headache for some airlines, Walsh said. He said airlines on average make $2.25 per passenger, "which is less than the price of a cup of coffee, a subway ticket". The profit forecast, raised from one given in December, reflected a boost in Europe, despite a wave of strikes. Airlines have in recent months reported strong results as they prepare for a busy summer season, with travel demand … [Read more...] about Global airlines more than double 2023 profit outlook

At the meeting between Deputy Minister of Defence Sen. Lieut. Gen. Hoang Xuan Chien (second, left) and General Robert Brieger, Chairman of the EU Military Committee. (Photo: qdnd.vn) Singapore (VNA) – The Vietnamese delegation to the 20th Shangri-La Dialogue, led by Deputy Minister of Defence Sen. Lieut. Gen. Hoang Xuan Chien, attended plenary sessions, the official banquet and bilateral meetings on the sidelines of the event, which took place in Singapore from June 2-4. At the meeting between Chien and General Robert Brieger, Chairman of the EU Military Committee, the two sides shared delight at the bilateral defence cooperation over the years on the foundation of the EU-Vietnam Comprehensive Partnership and Cooperation Framework Agreement (PCA) and the EU-Vietnam Framework Participation Agreement (FPA). Brieger thanked Vietnam for sending two officers to work as lecturers at the EU training mission in the Central African Republic, and affirmed that the EU will continue to … [Read more...] about Vietnamese delegation active at 20th Shangri-La Dialogue

Practical experience has shown that the relationship between the press and companies is one of accompanying each other and co-developing. At the "Media and Enterprises - Companions for Sustainability" forum hosted by The Economic and Urban Newspaper today [June 5], experts shared their views on the relationship between enterprises and the press. Deputy Director of the Press Department of the Ministry of Information and Communications Dang Khac Loi: Press contributes to a favorable business environment Deputy Director of the Press Department under the Ministry of Information and Communications Dang Khac Loi. Photo: Thanh Tra Newspaper In the process of national development, entrepreneurs and enterprises are an important part of the great bloc of national unity and play a vital role in the country's construction and economic progress. To realize the socio-economic development goals, it is imperative to continue fostering a favorable business … [Read more...] about Strong ties between businesses and press in a difficult time: Experts

PM Pham Minh Chinh (R) and UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi at the meeting in Hanoi on June 5. (Photo: VNA) Hanoi (VNA) - Prime Minister Pham Minh Chinh received Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi of the United Arab Emirates (UAE) in Hanoi on June 5, calling on the UAE to work closely with the Vietnamese Ministry of Industry and Trade to soon finalise talks on the bilateral Comprehensive Economic Partnership Agreement (CEPA). The host leader hailed the two sides’ efforts to promote negotiations on the CEPA, especially when the two countries are celebrating the 30th founding anniversary of bilateral diplomatic relations in 2023. He affirmed Vietnam’s consistent foreign policy of independence, self-reliance, diversification and multilateralisation of external relations, and being a good friend, trustworthy partner, and responsible member of the international community. The country is also working to develop an … [Read more...] about PM calls for early finalisation of Comprehensive Economic Partnership Agreement with UAE

Singapore’s Defence Minister Ng Eng Hen (R) and his US counterpart Lloyd Austin on the sidelines of the 20th Shangri-La Dialogue. (Photo source:mindef.gov.sg) Singapore - Singapore’s Defence Minister Ng Eng Hen had a meeting with his US counterpart Lloyd Austin at the Shangri-La Singapore hotel on June 2, during which the two sides affirmed their commitment to continue seeking opportunities to promote bilateral defence cooperation. The Singaporean Ministry of Defence’s press release stated that Minister Ng Eng Hen expressed appreciation for the US' long-standing support for the Singapore Armed Forces' training in the US, including the basing of the Republic of Singapore Air Force's (RSAF) training detachments there. By VNA … [Read more...] about Singapore, US agree to enhance defence cooperation

Difficulties on way out for Vietnam’s Visa policy The short duration of stay, along with complicated factors related to the visa application procedure, have been causing headaches for foreign tourists. However, the Minister of Public Security has submitted to the National Assembly a draft amendment and supplement to a number of articles of the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam at the end of May. The new draft has proposed to increase the duration of e-visas from no more than 30 days to a maximum of three months, valid for one time or multiple times. At the same time, the scope of e-visa issuance would be expanded to more than 80 countries and temporary residence would rise from 15 to 45 days. The Ministry of Culture, Sports and Tourism also proposed to consider supplementing the pilot regulation of issuing visas at border gates for international tourists. This proposal also requires a clearer regulation of the extension of visa-free entry for … [Read more...] about Difficulties on way out for Vietnam’s Visa policy

On June 4, as part of the official visit to Vietnam by the Australian Prime Minister, Prime Minister Pham Minh Chinh and Prime Minister Anthony Albanese witnessed an exchange of cooperation documents and the opening of two direct flights between the two countries. The documents include an MoUs between the MoST, the Ministry of Industry and Trade of Vietnam and Australia's DFAT on cooperation in science, technology and innovation and the establishment of a Ministerial Dialogue on Trade between Vietnam and Australia. Deputy Minister of Science and Technology Bui The Duy signed the MoU on behalf of the leaders of the MoST. The MoU will facilitate the exchange of information about typical activities in science, technology and innovation, and identify ideas and mutual interests to strengthen innovation partnerships including activities under the Vietnam - Australia Innovation Partnership Programme (Aus4Innovation). The Australian government attaches great importance to … [Read more...] about Vietnam and Australia strengthen sci-tech innovation ties

Party General Secretary Nguyen Phu Trong (R) receives Australian Prime Minister Anthony Albanese . (Photo: VNA) Sydney (VNA) – Dr. Nguyen Hong Hai , a researcher at the Centre for Policy Futures under the University of Queensland in Australia, has noted that the freshly-concluded visit to Vietnam by Australian Prime Minister Anthony Albanese was a success, as reflected through the agreements reached by the two sides on both bilateral and multilateral issues. Albanese paid an official visit to Vietnam from June 3-4 at the invitation of his Vietnamese counterpart Pham Minh Chinh. According to Hai, the two sides shared the view on positive developments of the bilateral diplomatic ties over the past 50 years, and the bilateral strategic partnership in the three pillars of politics, national security and defence; economy, trade and investment; and education and training. They said ample room remains for cooperation in economy, trade and investment. Therefore, … [Read more...] about Australian PM’s Vietnam visit a success: researcher

Norway has helped Vietnam develop the first Fisheries Law, supported surveys of aquatic resources, and capacity-building projects in the fisheries sector for nearly 40 years. Norwegian partners have intensified their support of Vietnam’s sustainable marine aquaculture through efforts that share expertise from a world-leading producer and exporter of seafood. The seminar on June 5 in the central coastal province of Khanh Hoa is the latest move in the process in which the ocean nation has supported Vietnam over the past four decades . Indeed, the event aims to create a platform for participants from the public, private sectors, and academia to discuss ways for Vietnam to develop marine aquaculture in a sustainable manner and the role of relevant stakeholders in that process. The seminar was organized by the Norwegian Embassy in Hanoi, Innovation Norway, Hanoi, in coordination with the Department of Fisheries (DFish) of the Vietnamese Ministry of Agriculture and Rural … [Read more...] about Norway strengthens support to Vietnam’s sustainable marine aquaculture