During the current outbreak, Vietnam Airlines reported that they may suffer a loss of VND15trn (USD645m) in 2020. In the financial report, Vietnam Airlines announced that they will be able to operate only 14.5 million flights this year, a 36.8% decrease compared to last year. The carrier will carry 2 million international passengers and 12.3 million domestic passengers. Revenue for 2020 is estimated at VND40.6trn (USD1.7bn) or 40.5% of 2019's revenue. The mother company alone will suffer losses of VND14.4trn and a revenue fall of 56.4%. The data excluded unsuccessful activities like when they failed to sell two Airbus 321s in June and six Airbus 321s in late 2020. The pandemic has depleted cash flow and caused huge losses. As a result, Vietnam Airlines said they have applied various measures to cut costs, negotiate with EU export credit agency and local banks. They have also asked the government to provide support to overcome the difficulties. Moreover, Vietnam Airlines must carry … [Read more...] about Vietnam Airlines plans to sell off aircraft to save losses
Intercontinental phu quoc long beach resort vietnam
The latest coronavirus outbreak has spread to 15 cities and provinces across three regions of the country. Da Nang topped the list with 246 cases, followed by Quang Nam (67), Ho Chi Minh City (8), Quang Ngai (6), Bac Giang (6), Hanoi (5), Lang Son (4), Dak Lak (3), Quang Tri and Dong Nai (2 each), and Thanh Hoa, Hai Duong, Thai Binh, Ha Nam and Khanh Hoa (1 each). … [Read more...] about COVID-19: Two more cases detected, Vietnam has 812 in total
Nguyen Quoc Ky, chairman of leading tourism company Vietravel, said that leaving the market will make it almost impossible to come back. Companies need to do all they can to survive and to keep their brands alive, otherwise they will have no chance when the situation improves, he said. … [Read more...] about Second Covid-19 wave tougher for business: corporate leaders
Unlike many expats or tourists, I’m quite comfortable with the heat as I grew up in Queensland and lived in Malaysia as a kid. I can still remember getting dropped off at the bottom of the hill in Kuala Lumpur in the early afternoons, watching the clouds piling up endlessly high. I trudged home, covered in sweat, while witnessing Mother Natures’ spectacle until the sky got dark enough to burst into crackling cascades of thunder and heavy rain drops belted down around me just as I raced home. … [Read more...] about Is it raining yet?
According to Euromonitor, tea and coffee chains in Vietnam have revenue of $1 billion a year, but mid- and high-end chains only make up 15-20 percent. According to Euromonitor, tea and coffee chains in Vietnam have revenue of $1 billion a year, but mid- and high-end chains only make up 15-20 percent. … [Read more...] about High-end brands target mid, low-end market to offset revenue losses