Domestic

A One Stop Service Centre called “Anh Duong (Sunshine) House” opened in HCM City on June 21 to support survivors of gender-based and domestic violence.(Photo Courtesy of UNFPA) HCM City (VNS/VNA) - Two more One Stop Service Centres (OSSCs) on June 21 were officially launched in Ho Chi Minh City and Da Nang City to provide integrated and essential services supporting survivors of gender-based and domestic violence. With financial contribution from the Government of Japan, the United Nations Population Fund (UNFPA) Vietnam contracted the Centre for Studies and Applied Sciences in Gender – Family – Women and Adolescents (CSAGA) to establish the OSSCs called “Anh Duong (Sunshine) House”, to detect and prevent violence and support survivors via the hotline 02433335599 operating 24 hours a day. The OSSC model provides essential, comprehensive and integrated services to women and girls who are experiencing or are at risk of gender-based and domestic violence. It provides a … [Read more...] about More service centres set up to support survivors of domestic violence

As more Vietnamese are seeking air travel services this summer, air ticket prices have increased as airlines are grappling with surging fuel costs and staffing challenges. Prices for flight tickets on many domestic routes operated by Vietnam’s five major carriers went up 20-40 percent for the last week of June compared to two months ago, according to an analysis by Tuoi Tre (Youth) newspaper. Airfares for international flights to and from Vietnam also soared 20-35 percent compared to pre-pandemic rates, according to a representative of Transportation Services Company (Worldtrans), a Vietnamese air charter provider. Dang Anh Tuan - head of communications of Vietnam Airlines, Vu Duc Bien - general director of Vietravel Airlines and other airline representatives all blamed rising fuel prices for the airfare spike. Fuel costs account for 30-40 percent of an airline’s total expenses, according to the International Air Transport Association (IATA). As fuel prices rise, airlines … [Read more...] about Airfares surge as domestic and int’l travel rebounds, fuel prices skyrocket

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

June saw the highest monthly figure in recent years of 12.2 million, according to the Vietnam National Administration of Tourism. Tourism revenues were however worth only VND265 trillion ($11.3 billion), or 66 percent of the year's target. Ho Chi Minh City led the country with 11 million arrivals, 86 percent of the pre-pandemic figure. It was followed by Hanoi (8.61 million) and HCMC's neighboring beach province Ba Ria-Vung Tau (6.98 million). The demand for travel has been on the rise in recent months, according to data from Google's Destination Insights. The number of searches related to domestic flights and accommodation increased by 500 percent year-on-year in June. The 10 most searched tourist destinations were HCMC, Phu Quoc Island, Hanoi, Da Lat, Nha Trang, Da Nang, Vung Tau, Quy Nhon, Hue, and Phan Thiet. … [Read more...] about Domestic tourists number beats full-year target in 6 months

Many Vietnamese airlines have proposed that the ceiling prices of domestic air tickets be further increased or removed as they have suffered heavy losses due to wildly soaring fuel costs. Even though air tickets have been rising, even higher than before the COVID-19 pandemic, carriers argued that they have to make up for relentlessly rising fuel expenses. Round-trip airfares of economy class for the Hanoi - Ho Chi Minh City route are fluctuating around VND3-5 million (US$129-214) per ticket and those for business class are VND8-17 million ($343-729), an increase of 20-50 percent compared to periods with passenger shortages due to the COVID-19 pandemic. Airfares to famous tourist destinations, such as Da Nang and Phu Quoc, have even changed hourly, and customers can hardly find cheap tickets even though for early morning or late-night flights. Many customers commented that many airlines might have taken unfair advantage of higher fuel prices, triggered by rising world oil … [Read more...] about Vietnamese airlines want domestic airfare caps raised, even removed, amid fuel cost hikes

Inflation in Vietnam currently does not warranty an increase in interest rates or tightening of currency. At present, Vietnam is in a more favorable position than many other countries in the world. No undue pressure In a conversation with Saigon Investment, Dr. Ho Quoc Tuan from the University of Bristol, commented that when talking about global inflation, the first factor that comes up is the increase in the price of energy and raw materials across the world which have been greatly affected by the Russia-Ukraine war. Among the factors that are affecting the most are energy prices of crude oil and gas. Analysts in this field have said that even with the US President visiting Saudi Arabia, the ability to deal with energy supply is still very difficult. Currently, the US Congress is trying to come up with policies to encourage domestic production of shale oil, but they are also not too optimistic. Dr. Ho Quoc Tuan said that this means that the supply cannot be resolved this year … [Read more...] about Inflation not a domestic problem in Vietnam

The economy of HCM City has expanded by 3.82 percent in the first half of 2022. (Photo: VNA) Hanoi (VNA) – Ho Chi Minh City recorded growth of 3.82 percent in gross regional domestic product ( GRDP ) in the first half of 2022, according to its Statistics Office. Product tax collection increased 2.03 percent, trade and services 4.83 percent, agriculture - forestry - fisheries 1.77 percent, and industry - construction 2.23 percent. Notably, trade and services generated nearly 99.66 trillion VND (4.3 billion USD) in revenue in June and almost 556.49 trillion VND in the first six months, respectively rising 41.1 percent and 6.2 percent from a year earlier. Such positive growth indicated that sectors are recovering well, especially trade and services, the Statistics Office said. Meanwhile, the southern economic hub has welcomed nearly 216,000 international arrivals since the beginning of June, doubling the figure in the same period last year. The six-month number also … [Read more...] about HCM City posts economic growth of 3.82 percent in H1

Prime Minister Pham Minh Chinh speaks at the Da Nang investment Forum. The event offers more investment opportunities for domestic and foreign investors. Photo courtesy of Da Nang Investment Forum Prime Minister Pham Minh Chinh made the comments at the Invest Da Nang Forum in the central city on Saturday, urging businesses to invest more in Vietnam and Da Nang for both the benefit of business and the country’s prosperous development. “The Government of Vietnam is developing a wide-open economy to attract multi-sector businesses and investors for sustainable growth in climate change and global crisis and conflicts. We must strongly change institutions to be cooperative in dealing with market shocks,” PM Chinh said. “We do all the best in preventing corruption, inflation control, flexible money policy, diversifying supply chains to create trust and stable conditions for investors when doing business in Vietnam.” The PM also highlighted the efforts in the control of the Covid-19 … [Read more...] about Da Nang City calls for investment

Ilustrative image (Photo: cafef.vn ) Hanoi (VNA) - The rate of internet users in Vietnam has increased to 70.3% of the population over the last two decades, heard a recent forum themed “The future of Internet” hosted by the Ministry of Information and Communications. digital gap and universalising the internet to all people. The view of the forum (Photo: http://www.hanoimoi.com.vn/) Attention should be paid to developing core network infrastructure and domestic internet network through expanding domestic internet connections and converting the entire Vietnam ese internet networks to the next-generation Internet Protocol (IPv6), he said, underlining the need for a modern and open policy in the field. Participants agreed that the internet has become an essential need of the people, which is the foundation for developing digital economy and digital society in Vietnam. At the forum, representatives of management agencies, local and international experts … [Read more...] about Over 70% of Vietnamese population use internet

The Lach Huyen International Port in Hai Phong city. The MoT has asked VMA to consider reducing maritime fees to help firms cover higher fuel costs. (Photo: VNA) Hanoi (VNS/VNA) - The Vietnam Maritime Administration (VMA) has sent a report to the Ministry of Transport (MoT), assessing the possible impact of reduced fees on Vietnamese maritime firms amid mounting fuel prices. The report asserted that adjustments in fees for international transport would have a negligible impact on Vietnamese firms since freight transport between Vietnamese ports and international ports is undertaken predominately by foreign shipping lines. Additionally, maritime fees account for just 7-9 percent of total costs incurred by a vessel engaging in international transport and 3-5 percent in domestic transportation . That means fees reduction is not much of a solution to the problem of mounting petrol bills. “Fuel costs, wages and insurance premiums take up the lion's share in maritime firms’ … [Read more...] about Fee reductions offer little benefit to maritime firms