Eu vietnam business network

National carrier Vietnam Airlines remained in the red in the first quarter of this year, with losses of nearly US$113 million, despite its revenue rising to a two-year high. The airline posted a loss of VND2.621 trillion ($112.9 million) over the first three months of 2022, according to its Q1 consolidated financial statements issued on Friday. The loss was recorded even though the flag carrier logged revenue of more than VND11.6 trillion ($500 million) in the period, up 55 percent year on year, the highest performance since the second quarter of 2020, when COVID-19 began to severely affect Vietnam’s aviation industry. The impressive revenue failed to cover the total cost that was higher than expected, leading to the firm’s ninth consecutive quarterly loss, the carrier said. Vietnam Airlines’ fuel expense in the quarter was VND465 billion ($20 million) more than projected given rising world oil prices, VnExpress cited the company as saying. The Q1 result has brought the … [Read more...] about Vietnam Airlines suffers $113mn Q1 loss despite revenue surge

Passengers on the first Vietjet Air flight from Seoul to Nha Trang. (Photo: vietjetair.com) Hanoi (VNA) – Celebrating a vibrant summer and welcoming life back to Vietnam's famous paradise beaches, budget carrier Vietjet has officially reopened flights connecting Seoul and Nha Trang, Phu Quoc and Hai Phong. The first flight back to Nha Trang from Seoul on May 20 was greeted with a water cannon salute, flowers and gifts, showing Vietnam’s warm hospitality to visitors. Vietjet plans to relaunch services from Seoul to Phu Quoc and Hai Phong and vice versa this May, raising the total routes linking Vietnam and the Republic of Korea to six, given that the two countries are expecting a new wave of tourists from both sides, after the RoK announced the resumption of short-term tourist visas for foreigners from June 1. There are currently three Nha Trang - Seoul (Incheon) round-trip flights weekly, on Wednesdays, Fridays and Sundays. Starting from May 21, Vietjet … [Read more...] about Vietjet reopens flights between Seoul and Vietnam’s beach destinations

Vietnam’s seafood exports to the EU are expected to increase sharply in 2022 Preferential fishery product tariffs The EVFTA, which took effect on August 1, 2020, has provided great opportunities for Vietnam’s seafood exports to the EU thanks to a series of commitments on preferential tariffs. Under the EVFTA, among about 220 tariff lines of fishery products with rates ranging from zero percent to 22 percent, most tariff lines in the high range of 6-22 percent were reduced to zero percent immediately after the trade deal took effect. The remaining tax lines will be phased out to zero after 3-7 years. Shrimp is a major export benefitting from the new tariff scheme’s zero-percent tax rate for 3-5 years, while tariffs on frozen tra fish have been reduced to zero percent for three years. Other seafood, such as oysters, scallops and octopus, also enjoy zero-percent tax rate. In addition, the Russia-Ukraine war and sanctions imposed on Russia have offered Vietnam with … [Read more...] about Vietnam’s seafood exports to EU going swimmingly well

An employee passes electronic boards showing share prices inside Hồ Chí Minh Stock Exchange in HCM City. — VNA/VNS Photo Hữu Khoa HÀ NỘI — An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts. Recently, the Government has directed to purge the market and improve the trading system’s capacity, showing its determination to enhance the quality of the stock market. The refinement is to protect investors and open a door for the Vietnamese stock market to be upgraded from a frontier to an emerging market. Prime Minister Phạm Minh Chính has taken an interest in the development of the capital market and the stock market, including the matter of upgrading the market. During a trip to attend the ASEAN-US Special Summit, on May 16, the PM visited the New York Stock Exchange (NYSE) – the largest stock exchange in the world – hoping it supports and shares experience to … [Read more...] about Upgrading the market for the sake of all participants

Nguyễn Tiến Linh (9) and Nhâm Mạnh Dũng (17) celebrate after Dũng scored the only goal for Việt Nam. VNA/VNS Photo Quốc Khánh Peter Cowan HÀ NỘI – Việt Nam retained their SEA Games men’s football title on Sunday night, with a late, golden goal enough to see off bitter rivals Thailand by a goal to nil. The party began at Mỹ Đình Stadium in Hà Nội and surely went long into the night as the whole country celebrated their latest group of young heroes. The latest piece of silverware is yet another vindication of coach Park Hang-seo’s pragmatic methods, as while Việt Nam failed to entertain with their quality of play, he U23s still came away with the gold medal. Coach Park made three changes to the starting 11 that defeated Malaysia in the semi-final on Thursday, with Nguyễn Văn Tùng, Huỳnh Công Đến and Phan Tuấn Tài coming into the team. The passion of the rabid home crowd ensured the match was played in an atmosphere befitting of a final, but the quality of play in … [Read more...] about Golden Việt Nam defeat Thailand for SEA Games crown

HOÀNG HỒ HÀ NỘI — Trần Quyết Chiến proved why he’s the world number 3 in three-cushion carom after bettering Nguyễn Đức Anh Chiến in an all-Vietnamese final at Hà Đông Gymnasium on May 22. Despite being one of the best carom players, this is the first SEA Games gold medal for Chiến as this category is rarely held at the SEA Games. The final got off to a very even start with both players closely following each other on every point. However, against one of the world’s best, Anh Chiến couldn’t keep his momentum and missed a few tough shots when the match was getting more intense. And that Quyết Chiến left his compatriot far behind as the 38-year-old showed his class, scoring consecutive points to take a big 31-16 lead. Anh Chiến’s massive late effort helped the world top 20 player to narrow the gap to 35-24 before Quyết Chiến sealed the final with five world-class shots to be crowned the champion. With his first SEA Games title, Trần Quyết Chiến became the second Vietnamese … [Read more...] about Việt Nam triumph in three-cushion carom

Vietnamese players celebrate their victory. VNA/VNS Photo Bảo Ngọc HÀ NỘI — State leaders have congratulated the Vietnamese women's football team on winning the gold medal on May 21. President Nguyễn Xuân Phúc praised Huỳnh Như and her teammates for their successful competition, which brought endless joy to fans throughout the country. President Phúc also praised coach Mai Đức Chung, the coaching staff, and the players for their accomplishments. He thanked the sports fans for bringing the love of sport and national pride together at Cẩm Phả Stadium and across the nation, creating spiritual strength for the "female warriors" to go through each match, especially the final, to bring glory to the country, and pride for Vietnamese women's football. Shortly after the final match, Prime Minister Phạm Minh Chính sent a letter of congratulations to the Vietnamese women's soccer team. PM Chính expressed his delight that the players successfully … [Read more...] about PM congratulates Vietnamese women’s football team

Việt Nam reports 1,319 new cases on Sunday, all local. The cases are in Hà Nội (347), Bắc Ninh (138), Vĩnh Phúc (90), Nghệ An (82), Yên Bái (61), Quảng Ninh (58), Tuyên Quang (51), Phú Thọ (50), Hải Dương (40), Thái Nguyên (39), Thái Bình (35), Đà Nẵng (33), Lào Cai (32), Nam Định (21), Hà Tĩnh (19), Quảng Bình (19), Lâm Đồng (19), Bắc Kạn (17), Cao Bằng (17), Hải Phòng (17), Hưng Yên (16), Hà Nam (13), Thanh Hóa (12), Hồ Chí Minh (12), Lạng Sơn (10), Hòa Bình (10), Sơn La (10), Bình Phước (7), Hà Giang (6), Quảng Trị (6), Bình Định (6), Gia Lai (5), Ninh Bình (4), Bến Tre (3), Bình Thuận (3), Bắc Giang (3), Lai Châu (2), Bà Rịa - Vũng Tàu (2), Bình Dương (1), Thừa Thiên Huế (1), Cần Thơ (1), Hậu Giang (1). … [Read more...] about Việt Nam reports 1,319 new cases on Sunday

A boy is vaccinated against COVID-19 in Hà Nội. — VNA/VNS Photo HÀ NỘI — Việt Nam reported 1,319 new COVID-19 infections on Sunday, bringing the national total to 10,708,887. Hà Nội again topped the list of new transmissions with 347, followed by the northern province of Bắc Ninh with 138. The other areas that recorded infections were Vĩnh Phúc (90), Nghệ An (82), Yên Bái (61), Quảng Ninh (58), Tuyên Quang (51), Phú Thọ (50), Hải Dương (40), Thái Nguyên (39), Thái Bình (35), Đà Nẵng (33), Lào Cai (32), Nam Định (21), Hà Tĩnh (19), Quảng Bình (19), Lâm Đồng (19), Bắc Kạn (17), Cao Bằng (17), Hải Phòng (17), Hưng Yên (16), Hà Nam (13), Thanh Hóa (12), HCM City (12), Lạng Sơn (10), Hòa Bình (10), Sơn La (10), Bình Phước (7), Hà Giang (6), Quảng Trị (6), Bình Định (6), Gia Lai (5), Ninh Bình (4), Bến Tre (3), Bình Thuận (3), Bắc Giang (3), Lai Châu (2), Bà Rịa-Vũng Tàu (2), Bình Dương (1), Thừa Thiên-Huế (1), Cần Thơ (1) and Hậu Giang (1). There were no COVID-related deaths on … [Read more...] about 1,319 new COVID-19 transmissions reported on Sunday

Phạm Thị Kim Thương wins the women’s 800m surface, making her time of 7:19.18 a new height. VNS Photo Đoàn Tùng Thanh Hà Athletes broke five records in six events of finswimming at the SEA Games 31's last competition day in Hà Nội on May 22. Indonesian Janis Rosalita Suprianto won gold and set a record in the women's 50m surface at 18.24sec. She was followed by Vietnamese duo Nguyễn Thị Thảo (18.49) and Phạm Thị Thu (18.39) The remaining four records went to Việt Nam, the most powerful team in Asia. Veteran Nguyễn Thành Lộc finished first in the men's 50m surface, setting a record of 15.60sec. Indonesian Wahyu Anggoro Tamtomo was second (15.83) and Thai Khet Chamnanwat third ( 16.120) Phạm Thị Kim Thương overcame all other rivals in the women's 800m surface, making her personal best of 7:19.18. Indonesian Andhini Muthia Maulida (7:28.67) and her compatriot Katherina Eda Rahayu (7:31.72) were second and third respectively. … [Read more...] about Finswimmers set new heights at Games