Major airlines news

Airlines in Vietnam are increasing the number of flights to serve high demand during the coming summer holiday. Vietnam Airlines Group, which operates Vietnam Airlines, Pacific Airlines, and VASCO has said they will conduct some 36,000 flights with more than 7.1 million seats, including 32,400 flights and 6.3 million seats on domestic routes between June 1 and August 15. The figure showed an increase of 10 percent compared to the same period in 2019 before the Covid-19 pandemic. Vietnam Airlines Group will operate approximately 430 domestic flights daily during the peak summer days. Some of the busiest flight routes include Hanoi-Danang/HCM City and HCM City-Danang with nearly 160 flights daily between these three cities. There will also be hundreds of flights conducted to other popular tourist destinations including Phu Quoc, Cam Ranh, Dalat, Hue, Quy Nhon, Dong Hoi, Tuy Hoa, and Con Dao. Meanwhile, Vietnam Airlines Group is planning to operate over 3,600 international … [Read more...] about Vietnamese airlines to serve high summer demand

A bondholder shows her ABOND bonds. Photo mns.com HÀ NỘI — Bond issuers have become more cautious amid the authorities tightening control of the market, leading to issuance shrinkages. The Ministry of Finance reported that the total issuance volume of privately-placed bonds plunged to around VNĐ30 trillion (US$1.3 billion) in April, down 33 per cent year-on-year. In the first two weeks of May, the issuance figure reached VNĐ5.2 trillion, equaling one-third of the figure last year. Notably, realty bonds fell sharply to about VNĐ820 billion in April, far less than their average monthly volume of VNĐ26 trillion in 2021. The market experienced not only decreasing bond issuances but also a buyback spree. Specifically, premature bond buybacks in April alone stood at VNĐ11.9 trillion, comparable to the figure of VNĐ12.8 trillion in the previous three months combined. The securities firm SSI underlined the Tân Hoàng Minh Group's cancellation of issuance of nine … [Read more...] about Bond issuance slows amid tightening controls

A roundtable on workplace safety and the quality of meals provided to workers was held by the HCM City Federation of Labour on Thursday. VNA/VNS Photo Thanh Vũ HCM CITY — Trade unions at all levels need to take drastic measures to improve workers’ meals at companies by ensuring employers pay at least VNĐ20,000-25,000 (US$0.85-1.07) for them, a roundtable held by the HCM City Federation of Labour heard on Thursday. With the rising cost of living, the meals procured for workers at an average price of VNĐ15,000 do not provide nutrition, safety or hygiene requirements, delegates said. Decent meals are essential to ensure health as well as productivity, Trần Đức Tài, deputy head of the Tân Bình District Labour, Invalid and Social Affairs Office, said. Trade unions need to work with employers to develop workplace meal programmes that provide decent food to employees, he said. Activities to raise awareness of food quality need to be frequently carried out, he said. Lê … [Read more...] about Trade unions urged to improve quality of workers’ meals at factories

Party General Secretary Nguyen Phu Trong (R) and then US President Donald Trump witness the signing to increase the order to 200 aircraft in 2019. (Photo courtesy of Vietjet Air) Hanoi (VNA) – Chairman of the National Assembly Vuong Dinh Hue has congratulated Vietjet Air and Boeing on their agreement on the restructuring and continuation of the contract to purchase 200 Boeing 737 aircraft, at the meeting with Boeing’s Senior Vice President Michael Arthur. The agreement was reached during Prime Minister Pham Minh Chinh’s official visit to the US and United Nations for the ASEAN-US Special Summit held in Washington D.C. Vietjet’s contract with Boeing is one of the significant deals contributing to the countries’ bilateral trade balance and has been forged through three US Presidencies with important strides following diplomatic and economic development milestones between the two countries in the recent years. In 2016, Vietjet Air ordered 100 Boeing aircraft in the … [Read more...] about Vietjet, Boeing reach agreement on 200-aircraft contract

The administration of Binh Duong province, in collaboration with the Vietnamese Consulate General in Sydney and Becamex IDC Corporation, organized an investment promotion seminar in Sydney on May 27. Binh Duong promotes investment opportunities in Australia. (Photo: baobinhduong.vn) In his remarks, Consul General Nguyen Dang Thang introduced to Australian officials and businesses the potential for expanding trade and investment in Vietnam, affirming that the two countries have treasured a close relationship in various fields, including politics, diplomacy, trade and investment. Despite the impact of the COVID-19 pandemic, he said, two-way trade turnover between Vietnam and Australia reached a record high of more than US$12.4 billion in 2021, a year-on-year rise of 49.45%. The first four months of this year alone also saw bilateral trade grow impressively, reaching US$4.8 billion, up 32.37% compared to the same period of last year. With regard to investment, as … [Read more...] about Vietnam seeks Australian investment opportunities in Sydney

US stocks rally again as China premier warns on Covid-hit economy, illustration photo source: freepik.com After a positive session in Europe, the S&P 500 finished Thursday's session up two percent, positioning the broad-based US index to potentially snap a seven-week losing streak depending on Friday's session. "The market was very oversold, and way overdue to bounce," Adam Sarhan of 50 Park Investment said shortly before the market closed. "And what's happening now, the market is bouncing pretty strong." Stock markets have taken a beating this year as central banks have begun to raise interest rates in order to curb the highest consumer price rises in decades. But US stocks pushed higher on Wednesday after investors took a positive view of the Federal Reserve minutes, which raised hopes that while the central bank would move aggressively to lift interest rates, it might be able to halt additional rate hikes as soon as this summer if inflation recedes. Wall Street kept … [Read more...] about US stocks rally again as China premier warns on Covid-hit economy

Asian markets track Wall St higher, tech fuels Hong Kong rally- illustration photo source: freepik.com The positive mood put the region on course to end the week on a healthy note, and came after Federal Reserve minutes indicated the US central bank could take a breather in hiking interest rates if inflation shows signs of easing later in the year. Still, confidence on trading floors remains at a premium owing to a range of crises including soaring prices, tighter monetary policy, China's Covid-19 lockdowns and the war in Ukraine. Investors were in a buying mood Friday as Hong Kong jumped more than two percent, with market heavyweight Alibaba piling on more than 11 percent and search engine Baidu advancing 15 percent. The two firms posted better-than-expected sales growth in the January-March quarter, soothing fears about the impact of Covid and inflation on their bottom lines. Hong Kong's tech index jumped nearly three percent, with other giants also enjoying buying … [Read more...] about Asian markets track Wall St higher, tech fuels Hong Kong rally