BEIJING — China on Monday ordered domestic airlines to suspend commercial operation of the Boeing 737 MAX 8, citing the Ethiopian Airlines crash and another deadly accident of that same model in Indonesia. Noting the "similarities" between the two accidents, China’s Civil Aviation Administration said domestic airlines had until 6:00 pm local time (1000 GMT) to ground all 737 MAX 8 aircraft. Operation of the model will only resume after "confirming the relevant measures to effectively ensure flight safety", the administration said in a statement. The aviation authority will contact the US Federal Aviation Administration and Boeing, it said. The statement cited the Kenya-bound Ethiopian Airlines flight that crashed minutes after takeoff from Addis Ababa on Sunday, killing all 157 people on board, including eight from China. It also mentioned the Indonesia Lion Air flight, which crashed after takeoff from Jakarta in October, killing all 189 people on board. China is an … [Read more...] about China orders local airlines to ground Boeing 737 MAX 8
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Digital transformation imperative for Viet Nam and its neighbours “Digital transformation or lose?” is a key message raised during the second-day of the Cambodia, Laos, Myanmar, Viet Nam, and Thailand (CLMVT) Forum 2018, held in Bangkok from August 16 to 17. The session features senior policy makers and representatives from some of the most remarkable tech startups and successful SMEs from CLMVT and non-CLMVT countries who share their experiences on how to successfully integrate new technologies into their businesses and production networks. Digital transformation is an inevitable trend that start-ups and small-and-medium enterprises (SMEs) in the CLMVT region have to embrace sooner rather than later to remain in the race, said Oudet Souvannavong, President of Lao National Chamber of Commerce and Industry. “If business are not linked to technology, they will definitely lose,” Souvannavong said, adding that digital transformation is the key for business to move … [Read more...] about BUSINESS NEWS IN BRIEF 21/8
Corporate VNA offers 15% discount on online bookings By Van Ly Wednesday, Aug 15, 2018,17:04 (GMT+7) VNA offers 15% discount on online bookingsBy Van Ly A Vietnam Airlines aircraft is seen at an airport in Vietnam. VNA has launched special deals on fares, offering customers a 15% discount for booking tickets online – PHOTO: LE ANH HANOI – National flag carrier Vietnam Airlines (VNA) has launched special deals on fares, offering customers a 15% discount for booking tickets online via the airline’s website at www.vietnamairlines.com from August 15 to September 13. VNA, the National Payment Corporation of Vietnam (NAPAS) and 34 commercial banks in the country jointly launched the promotional program, offering 10,000 discounted fares under promo codes that are valid for both domestic and international flights departing on Tuesdays, Wednesdays and Thursdays during the promotional period. Of this, 2,000 units … [Read more...] about VNA offers 15% discount on online bookings
PetroVietnam signs deals on Sao Vang-Dai Nguyet gas field exploitation A series of trade agreements on exploiting the Sao Vang-Dai Nguyet gas field was inked between the Vietnam National Oil and Gas Group (PetroVietnam) and its partners in Hanoi on July 31. The agreements included a gas sales and purchase and a gas supply agreement. The stakeholder participation in the Petroleum Sharing Contract includes the operator Idemitsu Kosan Co Ltd with 43.08 percent; Teikoku Oil (Con Son) Co Ltd, 36.92 percent; and PetroVietnam, 20 percent. Speaking at the signing ceremony, PVN General Director Nguyen Vu Truong Son said the signing of trade agreements achieved after over two years of negotiations among sides involved. He said the event is very significant for the gas filed to turn out the first flow of oil and gas in the third quarter of 2020, with an estimated annual output of 1.5 billion cubic metres of gas and of 2.8 million barrels of crude oil and natural-gas condensate. The … [Read more...] about BUSINESS NEWS IN BRIEF 4/8
Viet Nam News HÀ NỘI — Việt Nam plans to build five new airports in the next 12 years. Currently, the country has 23 airports, comprising 13 domestic and 10 international. It aims to have 15 domestic and 13 international by 2030. The ambitious goals were announced as part of Prime Minister Nguyễn Xuân Phúc’s decision in 2016 for the adjusted planning on aviation transport until 2020 with a vision towards 2030. Also included in the adjusted planning, the Government of Việt Nam wanted to build airports in areas with big tourism potential like Sa Pa, Vân Đồn, Đồng Hới and Chu Lai. In the latest move, earlier this month, the People’s Committee of the northern province of Lào Cai proposed to the Ministry of Transport construct an airport in the province with total investment of nearly VNĐ5.8 trillion (US$252 million). According to the proposal, the airport will be used for both … [Read more...] about Could an airport for Lào Cai Province take off?