Cpi april 2019

Vietnamese airlines are suffering losses amounting to hundreds of billions of VND each month due to a surge in fuel prices, according to director of the Civil Aviation Authority of Vietnam (CAAV) Dinh Viet Thang. Illustrative image (Photo: VNA) At a conference of the Transport Ministry reviewing its work in the first half of the year on June 28, Thang said as fuel costs account for 40-50% of operation costs, revenues increases are not sufficient to compensate for high fuel prices. He said domestic aviation transport has fully recovered with higher growth than in the pre-pandemic period. However, Vietnamese carriers have not fully escaped difficulties due to the slow recovery of the international market. It was reported at the conference that in the first half of the year, the number of international air passengers has increased monthly, from 103,500 in January to 127,000 in February, 224,600 in March, 445,700 in April, 650,000 in May and an … [Read more...] about Domestic air transport sees fast recovery, airlines suffer loss due to rising fuel prices

Inside a wood production line of Truong Thanh Furniture Corporation. — Photo truongthanh.com As wood export turnover is rebounding with rising demand in the domestic market, the revenues of wood enterprises are expected to advance. However, skyrocketing prices of raw materials and logistics costs will weigh on these companies’ gross profit margin in 2022. VNDIRECT Securities Corporation (VNDIRECT) estimated that the total revenue of listed wood and wood products companies in the first quarter (Q1) of 2022 rose by 10.2 per cent year-on-year thanks to the recovery of wood producers in the south. After the social distancing order was lifted, most wood companies in the southern region resumed operations at 90 per cent capacity in the first quarter of 2022, while in the second half of 2021 it was only 60-65 per cent. The export wood enterprises achieved better business results in Q1 of 2022. Specifically, Truong Thanh Furniture Corporation (HoSE: TTF) and Phu Tai JSC (HoSE: PTB) … [Read more...] about Rising costs cast doubt on wood companies growth prospects

Administering the fourth dose of COVID-19 vaccine to medical staff in the northern province of Ninh Bình. — VNA/VNS Photo Hải Yến HÀ NỘI — If Việt Nam declares the end of the COVID-19 pandemic in the country, it will meet many difficulties in pandemic prevention and control and be hit by slower economic recovery, the Ministry of Health (MoH) has said. Under the latest draft plan on COVID-19 prevention and control in the new situation, which is waiting for input from the National Steering Committee for COVID-19 prevention and control, ministries, provinces, cities and experts, the MoH said that the pandemic situation has basically been controlled nationwide. However, the pandemic situation is still complicated in many countries and is even increasing again in some. The virus is constantly changing and recording new variants, which could potentially cause a strong outbreak on a large scale, beyond the health system’s capacity. Latent risks The SARS-CoV-2 virus has constantly … [Read more...] about Ministry of Health explains reasons for not announcing end of COVID-19 pandemic

The positive economic performance in the second quarter helped Vietnam’s GDP growth reach 6.4% year-on-year in the six months. Vietnam’s GDP growth in the second quarter of 2022 is estimated at 7.72% year-on-year, the highest since 2011, according to the General Statistics Office. Production of aircraft components at MHI Aerospace Vietnam at Thang Long Industrial Park. Photo: Pham Hung Such a rate put the country’s economic growth at over 6.4% in the first half of 2022, higher than the 2.04% rate in the same period of 2020 and 5.74% in the first six months of last year. During the period, the majority of economic sectors have shown signs of recovery, in which the agro-forestry-fishery expanded by 2.78%; the industrial and construction sectors grew by 7.7%, and services by 6.6%. Manufacturing and processing remained a growth-driving engine for the economy with an expansion rate of 9.7% year on year. The high economic growth was also reflected in the … [Read more...] about Vietnam’s GDP in 2Q hits decade-high

In the first six months of 2022, Vietnam Airlines has resumed flights to 14 countries and territories, including the UK, France, Germany, Australia, the US, Japan, Korea, Thailand, Malaysia, Singapore, Laos, Cambodia, Taiwan, and Hong Kong. Lately, the airline has opened a new route to India and is preparing the necessary conditions to immediately reopen flights to China, Myanmar, and Russia when the conditions permit. The national carrier is expected to resume flights to Indonesia in July and key international routes to Japan, Korea, and Australia in November at the same flight frequency as in 2019. It hopes that it will be able to restore the entire international flight network, equivalent to that in 2019 by the end of 2023. The gradual restoration of international flight routes is an opportunity for Vietnam Airlines to improve the usage efficiency of resources, increase revenue, improve production and business results, reduce losses, and aim at profits in the following years. … [Read more...] about Vietnam Airlines plans to restore its entire flight network by the end of 2023

A report by Hanoi People's Committee on June 20 revealed 532 medical personnel had quit last year, while 82 decided to switch workplaces. In the first four months of this year, 226 have quit and 17 switched workplaces, the report added. Hanoi said the medical field has focused all its resources on fighting the pandemic since 2020. Due to the low number of workers, the sheer amount of workload and lower incomes and benefits in public facilities, many are opting to quit or seek better opportunities. Hoa, the former head of a ward medical station in Dong Da District, said her workload was too much while her salary wasn't enough to make a living. She quit at the end of March. During the height of the pandemic, Hoa and her colleagues did contact tracing and vaccination day in and day out. Pressure was building up, yet they only got a "bonus" of VND500,000 ($21.50). Her colleagues, a married couple, only got VND8 million a month in total. Amid a worker exodus in the medical field and … [Read more...] about Hanoi health workers quit in droves over heavy workload, low pay

Canadian Foreign Minister Melanie Joly (left) and Indonesian counterpart Retno Marsudi sign documents during their meeting in Jakarta, Indonesia on April 11. (Photo courtesy of Indonesia's Ministry of Foreign Affairs) Jakarta (VNA) - Indonesia and Canada have agreed to intensify economic cooperation, especially on trade, investment, and energy transition. Indonesia’s Foreign Minister Retno Marsudi and Canadian counterpart Joly Melanie on April 11 inked the Indonesia- Canada Plan of Action for the 2022-2025 period that would serve as guidance for both countries to navigate the cooperation in the next four years. economic cooperation . trade rose almost 30 percent in 2021 and reached 3.12 billion USD. VNA … [Read more...] about Indonesia, Canada agree to enhance economic cooperation

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on June 28. - Chairman of the Vietnamese National Assembly (NA) Vuong Dinh Hue and his Hungarian counterpart László Kövér co-chaired a legislative conference in Budapest on June 27, with a focus on the legal framework on greenhouse gas (GHG) emission reduction, renewable energy, and the green economy. NA Chairman Vuong Dinh Hue (second, left) and his Hungarian counterpart László Kövér (second, right) co-chair the legislative conference in Budapest on June 27. (Photo: VNA) In his remarks, Kövér said Hungary is always determined to protect the environment, which is clearly reflected in its development orientations and legal regulations. Its climate policy was adapted to the European Union (EU)’s requirements but didn’t neglect its own features and its people’s interests. Read full story Read full story Lien Chieu Port will be capable of handling 3.5 – 5 million … [Read more...] about ☕ Afternoon briefing on June 28

Golden Bridge on Ba Na Hills in the central city of Da Nang is among the most popular destinations of Vietnam. (Photo: VNA) Hanoi (VNA) – Vietnamese travellers are the second most interested in Asia-Pacific (APAC) in travelling in post-pandemic period, with some 85 percent of respondents from the country planning a trip in the next 12 months, a survey by Booking.com found. Vietnam is closely behind India that is leading the way in the inaugural APAC Traveller Confidence Index survey by the US-based online travel agency that polled 11,000 travellers across 11 countries and territories in the region from April to May. China came in third. The survey provides an insight into regional travellers’ comfort level to explore the world and whether they are excited about domestic travel after the pandemic. It indicates that Indian, Vietnamese and Chinese respondents are the most willing to put up with and/or overlook key travel deterrents caused by the COVID-19 pandemic in … [Read more...] about Vietnamese second most interested in Asia-Pacific in travelling post-pandemic

Illustrative image (Photo: VNA) Hanoi (VNA) – A joint venture between India ’s Adani Group and Vietnam’s Anh Phat Investment Construction & Trading JSC has been approved by authorities of Da Nang to start studying the development of a major seaport in the central city, according to Nhan dan (People) newspaper. Lien Chieu Port will be capable of handling 3.5 – 5 million tonnes of cargo annually in the first phase. It can accommodate vessels of up to 100,000 tonnes and container ships of up to 8,000 TEU. The new port will be of the world class and offer a new engine for the development of Da Nang and Vietnam at large. Insiders said the project can provide 5,000 jobs and contribute up to 80 million USD to the city's coffer, equivalent to around 2.1 percent of Da Nang’s Gross Regional Domestic Product (GRDP), by 2030. The approval was officially granted by the municipal People’s Committee to the joint venture in the presence of Prime Minister Pham Minh Chinh at the … [Read more...] about India conglomerate pledges to invest 10 billion USD in Vietnam