Vietnam plans to welcome one million Korean arrivals this year. Jeju Air, South Korea’s biggest low-cost carrier, will resume services on the routes from Incheon to Hanoi and Ho Chi Minh City from April 20, after three years of suspension due to Covid-19, according to Yonhap. South Korean and Vietnamese enterprises attend the 2022 Vietnam Tourism - Culture F estival in Seoul last October. Photo: Toquoc Until late 2019, the budget carrier operated eight routes to five cities, including Danang, Hanoi, Ho Chi Minh City, Nha Trang, and Phu Quoc. Last June, the company restored the connection from Incheon to Danang and Nha Trang, and from Busan to Danang. Jeju Air aims to turn around this year after posting net losses for three consecutive years through 2021 as eased virus restrictions unleash pent-up travel demand. Vietnam expected to receive one million Korean arrivals this year, hoping to make a breakthrough in tourism cooperation in the near future, … [Read more...] about Jeju Air to resume service to Vietnam from April 20
Budget whole30 meal plan
Jeju Air to resume more air routes to Vietnam this April
The Republic of Korea's largest low-cost airline Jeju Air unveiled on February 6 that it will resume additional air routes to Vietnam, starting in April 2023, after a three-year hiatus caused by the COVID-19 pandemic. Jeju Air plans to reopen flights from Incheon to Hanoi and Ho Chi Minh City of Vietnam as from April 20, the airline said in its announcement. Last June, the budget airline re-operated flights from Incheon to Da Nang and Nha Trang, and from Busan to Da Nang in central Vietnam. By the end of 2019, Jeju Air had operated eight air routes to five cities in Vietnam including Da Nang, Hanoi, Ho Chi Minh City, Nha Trang and Phu Quoc. However, most of the routes were suspended in early 2020 due to subsequent COVID-19 outbreaks. Jeju Air also plans to resume flights from Incheon to the Lao capital Vientiane from April 20. … [Read more...] about Jeju Air to resume more air routes to Vietnam this April
Hai Duong targets 400 million USD in FDI in 2023
A production line of smart, environmentally friendly sensor products of Hyundai Kefico Vietnam Co., Ltd invested by the RoK in Dai An II Industrial Park, Hai Duong province (Photo:VNA). Hai Duong (VNA) – The northern province of Hai Duong has set a target to attract 400 million USD in foreign direct investment (FDI) in 2023, according to Vice Director of the provincial Department of Planning and Investment Nguyen Duy Hung. The locality licensed five new FDI projects worth 15.8 million USD in January. Meanwhile, 5.6 million USD was added to three existing projects. Hung said that the locality will speed up work on the province's master plan in the 2021 – 2030 period, with a vision of 2050 as a basis for building priority criteria to attract investment projects, especially planning of a key industrial zone for large-scale, modern and environmentally friendly investment projects. It will focus on maximising resources to develop synchronous and modern socio-economic … [Read more...] about Hai Duong targets 400 million USD in FDI in 2023
Hanoi to spearhead the nation’s industrialization efforts until 2030
Vietnamese people's cultural and human values should be central to the capital’s industrialization process. Hanoi aims to spearhead the nation's industrialization and modernization until 2030, with an eye on 2045. Hanoi has seen major transformation over the years. Photo: Pham Hung According to the municipal Party Committee, the goal of the plan is to transform the mindset and build consensus in the political system and people to achieve socioeconomic development objectives. The Party Committee emphasized the use of science-technology and innovation, specifically Industry 4.0 advancements, as a key solution for the country’s modernization in the 2021-2030 period. “This would help Vietnam to make breakthroughs in productivity and improve the economy's competitiveness,” stated the plan. For Hanoi, the plan identifies key targets for economic growth, enhancing socio-cultural values, urban development, and environmental protection. By 2030, Hanoi and other … [Read more...] about Hanoi to spearhead the nation’s industrialization efforts until 2030
$8 billion to be pumped into Vietnam’s Central Coast
Seven international partners will support the investment in infrastructure, transport, urban development, and climate response. Nearly US$8 billion will be pumped into Vietnam's Central Coast region to support the socio-economic development of the region towards sustainability and climate adaptation. An overview of the signing and awarding ceremony. Photo: Trung Nhan/The Hanoi Times The value was announced at a signing ceremony held on February 5 between the Ministry of Planning and Investment and international partners. Accordingly, the local authorities granted investment certificates and approved investment policies and investment cooperation for domestic and international investors. Among the investment deals, seven development partners are committed to providing a total capital of more than US$1.7 billion in 45 projects. The partners included the Asian Development Bank (ADB), the French Development Agency (AFD), the International Fund for Agricultural … [Read more...] about $8 billion to be pumped into Vietnam’s Central Coast
PM meets with leaders of Japanese conglomerates
At the reception for Tatsuo Yasunaga, President and CEO of Mitsui & Co Ltd., the Government leader praised the company’s business performance in Vietnam, particularly in processing and distributing of local aquatic products. PM Phuc welcomed a joint project between Mitsui and Minh Phu Seafood Corporation which could push the shrimp export value of the major shrimp farming business in Vietnam to 1 billion USD. Yasunaga informed his host of the success of the joint project, which has seen over 150 million USD invested in improving Minh Phu’s processing, business management and export capacity, adding the sides plan to focus on upgrading refrigeration equipment and expanding export markets, particularly targeting Russia apart from the US. In another meeting with Han Chang-woo, chairman and CEO of Maruhan Corporation, PM Phuc said Vietnam is pressing ahead with effective equitisation of Stated-owned enterprises (SOEs), particularly in transport, infrastructure, construction, … [Read more...] about PM meets with leaders of Japanese conglomerates
Retailers flexibly steering through turbulent times
Despite the festive occasion, the consumption of non-essential goods in the first month of 2023 remained stagnant, with analysts believing the situation will linger throughout at least the first half this year. Despite the unfavourable environment, Mobile World Group (MWG) – the largest consumer electronics retailer in Vietnam – still aims to post positive revenue and net-profit growth in 2023, as well as two-digit growth compared to average level during the 2020-2022 period. To achieve this goal, the company envisages opening new stores on a selective basis and striving for new shops to generate profit for the patent company within three months after launching. Simultaneously, all shops in the system will focus on augmenting the sales revenue at existing outlets and controlling their operating costs to boost profits. Besides this, MWG will optimise its cash flow and slash financial expenses through improved inventory management. Specifically, the group aims to … [Read more...] about Retailers flexibly steering through turbulent times
RoK’s Jeju Air to expand flights to Vietnam
Illustrative image (Source: GettyImages) Hanoi (VNA) - Jeju Air Co. , the biggest low-cost carrier of the Republic of Korea , said on February 6 that it will resume many routes to Vietnam in April after three years of suspension due to the COVID-19 pandemic. The carrier plans to restore services on the routes from Incheon to Hanoi and Ho Chi Minh City on April 20, Yonhap news agency said, citing the company's statement. Jeju Air operated eight routes to five Vietnamese cities – Da Nang, Hanoi, Ho Chi Minh City, Nha Trang and Phu Quoc -- at the end of 2019. Most of the routes were suspended in early 2020, when the pandemic hit the airline industry. In June last year, the company resumed the routes from Incheon to Da Nang and Nha Trang, and the Busan-Da Nang route. Jeju Air also plans to restore flights between Incheon and Vientiane of Laos from April 20. The airline aims to turn around this year after posting net losses for three consecutive years through 2021 … [Read more...] about RoK’s Jeju Air to expand flights to Vietnam
Vietnam’s Internet speed to remain sluggish until March
The sluggish Internet speed in Vietnam will not improve until March when one of the four submarine cable systems with ongoing problems is expected to be fixed. Repair work on the Asia Pacific Gateway (APG) is expected to be finished in March, a representative of an Internet service provider (ISP) told Tuoi Tre (Youth) newspaper on Sunday. It is still unclear when the problems on the Asia America Gateway (AAG), Asia Africa Europe (AAE-1), and Intra Asia (IA) cables will be fixed. Four out of the five submarine Internet cable systems connecting Vietnam to the world are facing problems. The APG and IA encountered issues in late January, while glitches were recorded on the AAG and AAE-1 in late 2022. ISPs said they have deployed routing solutions to overland cable lines, as well as implementing other contingency plans, to minimize the impacts on domestic users. However, many people said that they were unable to use online television and entertainment services, conduct … [Read more...] about Vietnam’s Internet speed to remain sluggish until March
Businesses in Ho Chi Minh City speed up production to achieve set targets
New momentum For over one week now, more than 94% of businesses in the Southern economic hub has resumed their production with over 95% of workers being back to work after Tet holiday. Workers at Go Vap district-based Joint Stock Company 28.1 under the Corporation 28 of the General Department of Logistics, which specializes in garments making, are working with the highest capacity, focusing on orders from the U.S., Australia, and European countries. Working for the company for more than 21 years now, Nguyen Van Hong from Hai Duong province said that good income and policy offered by the company make him feel secure at work. Despite difficulties facing the garment sector due to COVID-19, his company has ensured orders uninterrupted, so workers have resumed work since the beginning of the lunar New Year. In addition, good Tet welfare policy has helped keep workers attached to the company. Senior Colonel Tran Doan Thoan, Director of Joint Stock Company 28.1 informed that the … [Read more...] about Businesses in Ho Chi Minh City speed up production to achieve set targets