A rendering of the proposed Long Thanh International Airport in the southern province of Dong Nai, which is still in the preparation process, with the first stage set to be completed in 2025. - Photo courtesy of Airports Corporation of Vietnam With double-digit growth over the last five years, the sector is under pressure because of the rising number of airlines and aircraft now operating in the market. The five airlines that operate in Vietnam are Vietnam Airlines, VietJet Air, Jetstar Pacific Airlines, Vasco and Bamboo Airways. However, Vietnam will need about 10 airlines in the near future to meet demand, according to economists. Another airline, Vietstar Airlines, recently received approval from the Civil Aviation Authority of Vietnam (CAAV) for an air operator’s certificate (AOC. CAAV has also confirmed AOC applications submitted by Vinpearl Air and Vietravel Airlines. Vinpearl Air said it expected to have a fleet of six aircraft by July and 30 more by 2025 for both … [Read more...] about Aviation industry seeks private investment
Positive investment inc
Foreign investors are clearly interested in partnership strategies to minimize risks from their investment into the education sector. Of this figure, M&A activities, particularly buying shares were in the majority with a proportion of 37 percent. Foreign investors are clearly interested in partnership strategies to minimize risk, Deputy Managing Director of Savills Vietnam Troy Griffiths said. The decree which came into effect from August 1, 2018 aimed to boost the setup of international schools, as there was limited new development in recent years. Before the decree was issued, foreign investors encountered many difficulties, including the cap on local students of 10 percent (primary school) and 20 percent (secondary school). The international school business relies on foreign students' enrollments that highly correlate to FDI attraction. Since the decree took effect, many other international schools have made the most of the … [Read more...] about Decree leverages foreign investment in education
Nhip Cau Dau Tu quoted its sources as reporting that the deal began half a year ago and LINE is now holding a controlling stake in the Tre Tho Information Service JSC, which runs webtretho.com. Established in 2002, and receiving investment capital from IDG Ventures, webtretho.com is now a forum for women with the highest number of visits. According to similarweb, there are over 13 million visits to webtretho each month and the forum ranks 91st out of 100 most visited websites in Vietnam. Webtretho.com has annual revenue of US$2 million. IDG Ventures once planned to use webtretho.com as a ‘springboard’ to join the e-commerce market with beyeu.com (products for mothers & kids), lamdieu.com (cosmetics) and foreva.com (underwear), but the projects failed. LINE, a subsidiary of Naver, is a familiar name to Vietnamese. It appeared in Vietnam in 2012-2013, when messaging apps boomed. LINE was one of the apps, competing fiercely with Kakao Talk, Viber, Zalo and … [Read more...] about LINE app to return to Vietnam?
PV Gas commends and rewards outstanding individuals PV Gas’ liquefied petroleum gas (LPG) production reached 119,900 tonnes in October, equal to 136 percent of the monthly plan, resulting in total output of nearly 1.425 million tonnes in the first 10 months of the year. PV Gas supplied to the market with the LPG amount of 139,700 tonnes in October, bringing in a total of more than 1.646 million tonnes in the first 10 months of the year. In addition, the corporation also produced and supplied 5,200 tonnes of condensate in October, equivalent to 96 percent of the monthly plan, leading to a total of 57,300 tonnes in the first 10 months of the year. PV Gas received 849.9 million cu.m of wet gas in October, equal to 116 percent of the monthly plan, resulting in a total of more than 8.671 billion cu.m in the first 10 months of the year. The corporation also produced and supplied 824.8 million cu.m of dry gas in October, equal to 118 percent of the monthly plan, bringing in a … [Read more...] about PV Gas completes trade and production targets
For 15 years, lecturer and pianist Nguyen Thuy Uyen and her colleagues have held a programme of regular concerts for young audiences in HCM City in which she gives lectures on classical music and provides real-time demonstrations on the stage. The music programme on September 28 was expanded to Can Tho. Uyen spoke with Tuổi Trẻ (Youth) newspaper and shared insights about her unique journey. Over the past 15 years, lecturer and pianist Nguyen Thuy Uyen and her colleagues have scheduled music programmes geared toward the young crowd. Photo courtesy of tuoitre.vn Why did you introduce the programme in Can Tho’s Cai Rang District? As a programme co-founder more than 15 years ago, what does the activity mean to you? The concert on September 18 in Can Tho was not an official concert like the previous ones for young listeners at the HCM City Conservatory of Music. Though having similar content and format like the previous ones, this time the programme was … [Read more...] about Pianist brings classical music closer to youth