Apart from the effort of the airline itself, the support of the government has also helped reduce the pressure and boost the aviation sector’s recovery. Following airlines’ proposal, the Government and industry authorities has considered support packages, including exemption of taxes, fees, aviation services, environmental tax exemptions for flight fuels, financial support, and extension of payment term./. … [Read more...] about Vietjet reports loss of over 2.1 trillion VND for H1
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Leading tour operator reports loss of $3.4 mln
The giant tour company suffered a loss of over VND38 billion ($1.63 million) in the second quarter, its third quarterly loss in a row, according to its latest consolidated financial statement. Revenues were down 90 percent year-on-year to VND206 billion ($8.85 million). … [Read more...] about Leading tour operator reports loss of $3.4 mln
Vietnam ratifies EU free trade agreement
Nicolas Audier, chairman of EuroCham, said in a press release issued Monday: "The EVFTA is now more important than ever, as trade wars and a global pandemic disrupt normal business operations on an unprecedented scale. Free, fair and rules-based trade is the best roadmap to economic growth, and Vietnam will now have privileged access to an EU consumer market of around 500 million people who will be keen to do business with and invest in a strong, secure, and prosperous nation at the heart of Asia." … [Read more...] about Vietnam ratifies EU free trade agreement
COVID-19: Another case detected, Vietnam has 621 cases
Da Nang is the first locality in Vietnam where the second wave of the coronavirus began more than a week ago. A total of 174 cases of community transmission have been confirmed since the first case was reported on July 25, mostly closely linked to the Da Nang hotspot. … [Read more...] about COVID-19: Another case detected, Vietnam has 621 cases
Vietnam Airlines, ACV suffer heavy losses due to COVID-19
The second-quarter losses have been offset by VND1.55 trillion in first-quarter post-tax profit before the coronavirus hit the aviation industry. In the first half of 2020, the airport operator posted more than VND1.19 trillion in post-tax profit. … [Read more...] about Vietnam Airlines, ACV suffer heavy losses due to COVID-19
