Vietnam Airlines Group said it plans to provide 32,400 domestic flights between June and August during the peak summer travel season, up 10 percent against the same period in 2019, the year before the onset of the Covid-19 pandemic. There would be 160 daily flights connecting Vietnam’s three biggest cities Hanoi, Ho Chi Minh City and Da Nang. It will also operate over 3,600 international flights during the period, 40 percent of pre-pandemic time. Vietravel Airlines said it will increase the frequency of flights from Hanoi to HCMC and Da Nang by two a day from June. Air tickets for domestic routes between June and August are nearly fully booked. The carrier also plans to launch charter flights from HCMC to Jakarta and Can Tho to Bangkok, but the schedule has not been determined. A representative of Vietravel Airlines, which was launched in December 2020 amid the turbulence created by the pandemic, said the carrier is facing many difficulties like personnel and aircraft … [Read more...] about Carriers add flights to summer holiday roster
Tet holiday 2018
Trung has not upheld ethical standards and lifestyle, has violated regulations by engaging activities prohibited for Party members and violated the Law on Marriage and Family, said the Secretariat which is in charge of personnel issues of Party members. His violations have upset the community and affected the reputation of the Party and state authorities, it added. On Thursday, a woman employed at a high school in Da Nang posted a picture with Trung on Facebook, saying she has a child with him despite his marriage to another woman. The incident is being verified by authorities. Trung, 46, used to be the headmaster of the Da Nang Political School. He became the deputy chairman of the Da Nang People’s Council, the city's legislature, in 2018. The Secretariat has requested local authorities to take follow up action on Trung’s violations. … [Read more...] about Da Nang top official loses Party positions over extramarital affair
Real estate bonds shackled by rules - illustration photo At last week’s conference on corporate bonds held by the Vietnam Chamber of Commerce and Industry, experts discussed ways to develop an efficient and sustainable corporate bond market. One of the common recommendations regarded appropriate approaches to credit ratings. According to Can Van Luc, BIDV’s chief economist, there should be clear regulations on credit ratings to help investors easily determine business quality and the risk level of the issued bonds. “It is necessary to identify where a credit rating is mandatory and where a credit rating is encouraged. High-risk businesses should go through compulsory credit rating before bond issuance,” Luc said. “On the other hand, for businesses that have been audited and internationally rated with a long-standing history, a credit rating might not be necessary.” In recent years, the State Bank of Vietnam (SBV) has steadily redirected loan flows towards industry, services … [Read more...] about Real estate bonds shackled by rules
Kevin Coppel, Asia-Pacific managing director (left ) and Christine Li, Asia-Pacific head of research for Knight Frank in Singapore When the US-China trade tensions bubbled over in 2018, corporates found it increasingly difficult to carry out business in China due to sourcing uncertainties and rising costs. This trend only worsened in the face of the pandemic and resulting border closures. Businesses responded by pursuing opportunities to set up bases outside of China while still retaining a stake in one of the world’s strongest economies. The China+1 strategy thus emerged. It is based on diversifying its supply base into other countries in order to minimise the risk of disruptions arising from geopolitical tensions, trade wars and tariffs, as well as rising labour costs. These companies are not abandoning China but rather giving themselves options, enjoying the best of what China and other economies have to offer. In pursuit of the China+1 strategy, the spotlight is naturally … [Read more...] about Will Vietnam become a big geopolitical beneficiary?
An air plane of national flag carrier Vietnam Airlines, a member of Vietnam Airlines Group . (Photo: VNA) Hanoi (VNA) – All airline members of Vietnam Airlines Group – Vietnam Airlines, Pacific Airlines and VASO – will offer more than 7.1 million seats on both domestic and international routes during the peak summer travel season. It is estimated that a total of over 36,000 flights will be made available for summer travellers from June 1 to August 15. The three carriers will provide nearly 6.3 million seats on more than 32,400 domestic flights, up 10 percent compared to the same period of 2019 before the COVID-19 broke out. The busiest routes are those among major cities of Hanoi, Da Nang and Ho Chi Minh City with close to 160 flights per day. Hundreds of flights will be also operated to fly vacationers to popular tourist destinations across Vietnam, including Phu Quoc, Cam Ranh, Da Lat, Hue, Quy Nhon, Dong Hoi, Tuy Hoa and Con Dao. Vietnam Airlines Group … [Read more...] about Vietnam Airlines Group to offer 7.1 mln seats during summer