VietNamNet Bridge - Sixty-three foreign airlines from 25 countries and territories will have 105 international air routes to Vietnam by October 2018, a sharp increase compared with 2016 when there were 78 air routes. Air carriers have been expanding their air route networks Nguyen Thanh Binh, who works for a construction company in Go Vap district, HCMC, is from Thach That district in Hanoi. She returns to her home village once a year. Previously, she used to take a train or coach. However, it was inconvenient. It took her three days to travel and she could stay home for two days before returning to HCMC. In recent years, Binh has travelled by air, because tickets are only slightly higher than rail tickets booked several months before the departure day, VND1.5 million vs VND1 million. It takes only two hours to fly from HCMC to Hanoi. Vietnam air carriers have been expanding their air route networks and flight frequency. There are 52 domestic air routes linking Hanoi, Da Nang and … [Read more...] about Vietnam’s aviation market heats up
Domestic marketing vs international marketing
VietNamNet Bridge - Vietnam Airlines, the national flag air carrier, unexpectedly lost its Number 1 position in terms of domestic passenger transport during Tet to Vietjet Air. However, it remains a favorite air carrier thanks to high OTP (on-time performance). A report of the Civil Aviation Authority of Vietnam (CAAV) on the air transport during Tet holiday, from January 26-31, showed that Vietnam’s airlines provided 4,781 flights, carrying 669,000 passengers and 9,400 tons of cargo, an increase of 15.6 percent and 23.6 percent, respectively, compared with the same period of the year before. The Tan Son Nhat International Airport received 4,208 flights, or 700 flights a day. The going-through output was 593,000 passengers, up by 15 percent, and 3,300 tons of cargo, up by 63 percent. Vietnam Airlines still was at the No 1 position in the Vietnamese aviation market with 282,898 passengers served, including 107,752 international and 175,146 domestic passengers. However, if … [Read more...] about Vietnam Airlines vs Vietjet Air: who will gain the upper hand?
A Vietnam Business Forum Secretariat survey on business sentiment found lower evaluations for 2008 but positive expectations for beyond 2009. A survey conducted in September 2008 by the Vietnam Business Forum Secretariat collected the views of registered private sector enterprises from various sectors and provinces towards Vietnam's business environment. Overall the 2008 survey reflected concern and uncertainty about Vietnam's current economic environment. After robust growth in 2007, the economy faces its greatest series of challenges since the "doi moi" period, with high levels of inflation coupled with a mounting trade deficit, a volatile exchange rate, and a sharp downturn in the equity market headlining recent macroeconomic developments. … [Read more...] about Continued confidence
PM urges industry and trade to restructure Prime Minister Nguyen Xuan Phuc urged the industry and trade sectors to accelerate restructuring and renew management towards a market-based economy and strive to maintain export growth at at least 10 per cent. Phuc made his comments at the Ministry of Industry and Trade's conference held yesterday to review works in the first half of this year and discuss tasks for the remainder of the year. Under discussion at the conference were a number of problems including a slowdown in industrial production, rampant food safety violations, weak management towards multi-level marketing and fake fertilisers. The implementation of development strategies for industries such as steel, automobile and mechanical production were not as efficient as expected while efforts to promote the dynamism of the business community amid rapid international integration remained inadequate, Phuc said. "All of these problems press the Ministry of Industry and Trade to hasten … [Read more...] about BUSINESS IN BRIEF 17/7
Survey shows many local firms upbeat about business A majority of domestic processing and manufacturing enterprises have expressed optimism about business prospects in the third quarter and the second half of this year as shown in a recent survey of the General Statistics Office (GSO). The survey showed 87.8% of respondents predicted their production would remain stable or grow in the third quarter. For the final six months of this year, 55.4% of firms expected their production to increase while 35.4% said it would remain stable. Only 12.2% and 9.3% of enterprises forecast their production to dip in the third quarter and the second half of the year respectively. Notably, 53.3% and 58% of respondents projected production in the foreign direct investment (FDI) sector would expand in the third quarter over quarter two and the last six months over the first half of last year respectively. Corresponding proportions are 50.5% and 54.2% for State-owned enterprises and 47.7% and 54.4% for … [Read more...] about BUSINESS IN BRIEF 2/7