Vietnam’s dollar billionaire Pham Nhat Vuong did not succeed with his plan to take over LG’s smartphone production division in Vietnam and Brazil, but has taken new moves in the US market. Vingroup failed to take over LG’s smartphone production division Vingroup share prices have stayed firmly in the highest level in one year, which allowed the assets of the billionaire to reach $7.3 billion and help him remain the top billionaire in Vietnam. The Korea Times reported that the negotiation between LG Electronics and Vingroup on the transfer of mobile phone manufacturing factories in Vietnam and Brazil has collapsed because of disagreement about price. The information about the negotiations caught special attention from the public. South Korean media commented that Vingroup was a suitable client for LG because the Vietnamese group now wants to expand its business to hi-tech manufacturing. It has capability and ambitions to develop in the field. LG wanted to sell its mobile phone production division to Vingroup because the South Korean group has faced financial difficulties in recent years, and it plans to gather strength in other divisions, including making electric vehicle parts. Meanwhile, Vuong’s plan to scale up his production and business in the field has been going smoothly, with the number of Vsmart phones sold in the domestic market increasing steadily though it only joined the smartphone market in 2018. Vingroup has become the third largest mobile phone manufacturer in Vietnam, just after Samsung Electronics and Oppo. The information about the prices of Vingroup’s first smartphone products recently appeared at AT&T, the US’ leading network operator. Analysts say that this is proof of Vuong’s plan to enter the US smartphone market. Three smartphone models, Fusion Z (V340U), Motivate (V341U) and Maestro Plus (V350U) manufactured by VinSmart, have officially hit AT&T’s shelves. Many analysts said that the purchase of LG’s …
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Vietnam to resume air travel to Japan and South Korea with 8 flights per week
The Hanoitimes - The flights between Vietnam and Japan, South Korean are expected to be resumed from September 15. The Civil Aviation Authority of Vietnam (CAAV) has proposed conducting four round-trip flights per week to South Korea and Japan, which are expected to start from September 15. The flights between Vietnam and Japan, South Korean are expected to be restored from September 15. Photo: Vietnam Airlines Under the agreement with Japanese and Korean partners, the Vietnamese air carriers will conduct two flights and each partner from Japan and South Korea will fly the two others. However, Dinh Viet Thang, director of CCAV, said that the reopening of international routes is still pending approval from the Ministry of Health and the Ministry of National Defense, taking into consideration the domestic quarantine capacity and quarantine fees for arriving passengers as well as safety measures applied to passengers on entry. Air carriers will start selling tickets only after the relevant agencies reach a consensus on the above-mentioned issues. Domestic airlines look forward to resuming daily international air services, and Japanese and Korean partners also expect to reconnect with Vietnam, said Thang. According to the conclusions of a government meeting on Covid-19 prevention and control last week, Prime Minister Nguyen Xuan Phuc stressed the importance of resuming air flights to Japan and South Korea to restart sending Vietnamese workers to those countries. The prime minister agreed to the proposal of the Ministry of Planning and Investment to allow the entry of business executives of South Korean enterprises who make short business trips in Vietnam according to the list submitted by the South Korean Embassy in Hanoi, as well as for other specific investors. The Ministry of Foreign Affairs is assigned to handle the flights to bring Vietnamese citizens back home as well as to facilitate the entry of experts, investors, and …
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Vietnam to reopen commercial air routes to Japan, South Korea
The Hanoitimes - Each flight must have a specific plan to ensure safety, including isolation, suitable for each group of arrivals. Prime Minister Nguyen Xuan Phuc has asked relevant agencies to study the reopening of commercial routes between Vietnam and Japan, South Korea and other places with a high safety factor. Vietnam will study the reopening of commercial routes between Vietnam and Japan, South Korea. Photo: Vietnam Airlines According to the conclusions of the prime minister at a government meeting on Covid-19 prevention and control last week, Mr. Phuc stressed the importance of resuming air flights to Japan and South Korea to restart sending Vietnamese workers to those countries. The PM agreed to the proposal of the Ministry of Planning and Investment to allow the entry of business executives of South Korean enterprises who make short business trips in Vietnam according to the list submitted by the South Korean Embassy in Hanoi, as well as for other specific investors. The Ministry of Foreign Affairs is assigned to handle the flights to bring Vietnamese citizens back home as well as to facilitate the entry of experts, investors, and skilled workers. Each flight must have a specific plan to ensure safety, including isolation, suitable for each group of arrivals. The head of the government agreed to expand paid quarantine and all incoming people must pay quarantine fees from September 1 while the state budget will still bear the cost of medical examination and treatment under the Law on Infectious Diseases Prevention and Control. From late March, Vietnam stopped all inbound and outbound commercial flights. Recently, a number of foreign airlines have resumed air travels to Vietnam, but only for taking goods in and passengers out of Vietnam. Vietnam continues to conduct repatriation flights according to the plan of the Ministry of Foreign Affairs, with priority given to passengers who are in difficult circumstances, experts, …
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