Skyrocketing jet fuel prices have pushed airlines into difficulties as fuel costs accounted for 40-50 per cent of operating costs. — VNA/VNS Photo Vietnamese airlines are suffering losses amounting to hundreds of billions of dong each month due to a surge in fuel prices, according to the director of the Civil Aviation Authority of Viet Nam (CAAV) Dinh Viet Thang. At a conference of the transport ministry reviewing its work in the first half of the year earlier this week, Thang said that fuel costs accounted for 40-50 per cent of operation costs, and revenue increases were insufficient to compensate for high fuel prices. He said domestic aviation transport had recovered with higher growth than in the pre-pandemic period. However, Vietnamese carriers had not fully escaped difficulties due to the slow recovery of the international market. It was estimated that domestic carriers suffered a loss of nearly VND100 billion per month on skyrocketing jet fuel prices. Tran Thanh … [Read more...] about Airlines suffer losses due to rising fuel prices
Vietnam airlines singapore to hanoi
Vietnam hands over more remains of US soldiers missing in action
A handover of remains of missing US soldiers is held in Da Nang in September 2019. (Photo: VNA) Hanoi (VNA) – The Vietnam Office for Seeking Missing Persons (VNOSMP) handed over remains of American soldiers missing in action during the war in Vietnam to the US in a ceremony held at Da Nang International Airport on June 30. The US side included representatives from the US Embassy in Hanoi and the US Missing in Action (MIA) Office in Hanoi (DET2). The two sets of remains returned to the US side this time were the results of the two countries’ 146th and 147th joint searches from February to June. Examined by both Vietnamese and American forensic specialists in Da Nang, they were found to potentially link to missing US servicemen in Vietnam. They will be sent to Hawaii for further examination. The search for missing US soldiers' remains from the war in Vietnam has been an ongoing humanitarian activity jointly conducted by the Vietnamese and US Governments. This was the 158th … [Read more...] about Vietnam hands over more remains of US soldiers missing in action
UK multinationals pledge long-term presence in Vietnam
Vietnam expects to create the utmost favorable environment for foreign companies to be successful in the country. Chairman of the National Assembly Vuong Dinh Hue on June 29 held several meetings with executives of UK multinationals, including Prudential, Standard Chartered, Pacific Land, Pearson, and Enterprize Energy. All executives have expressed their good impression and pledged to commit long-term presence in Vietnam. NA Chairman Vuong Dinh Hue and President of Prudential Shriti Vadera. Source: VNA President of Prudential Shriti Vadera said the company's business performance was positive during the Covid-19 pandemic, expressing her delight to be part of Vietnam’s development. Vadera suggested Prudential could further contribute to the country’s economic growth by taking part in the long bond issuance. Chairman Hue welcomed Prudential’s successes in Vietnam, saying insurance corporations remain key partners of the State in Government bond issuance. … [Read more...] about UK multinationals pledge long-term presence in Vietnam
“Japan Street” to bolster Vietnam-Japan business cooperation: JETRO
More than 100 Japanese companies in the food industry and 30 in cosmetics are looking for partners and expanding business in Vietnam. Japan Street, an online catalog site, is expected to further enhance business cooperation between Vietnamese and Japanese enterprises and further contribute to bilateral relations. Deputy Head of JETRO in Hanoi Keisuke Kobayashi at the event. Photo: Hai Yen Project Manager at the Japan External Trade Organization (JETRO) in Hanoi Yutaka Yasunaga stressed the view during a press briefing on the platform held today [June 30]. According to Yasunaga, “Japan Street” would help connect Japanese suppliers with overseas buyers, including those from Vietnam. Yasunaga said that the Covid-19 pandemic and the restriction measures adopted by countries around the world have made it difficult to set up direct meetings between buyers and suppliers. “An online platform, therefore, is considered an effective solution to avoid disruption to … [Read more...] about “Japan Street” to bolster Vietnam-Japan business cooperation: JETRO
Son La mango and safe farm produce week launched in Hanoi
Son La's mangoes and longans are being sold in Big C Thang Long supermarket , Hanoi. (Photo: VNS) Hanoi (VNA) - Mango es and safe agricultural products from the northern mountainous province of Son La are being introduced at Big C Thang Long supermarket in Hanoi. The week-long event, organised by the Son La Provincial People’s Committee in collaboration with Central Retail Vietnam, is an effort to promote high-quality provincial products to the capital city’s consumers. The event has attracted 15 businesses and cooperatives, introducing both fresh fruits and vegetables such as mango, longan, avocado, guava, banana, Moc Chau pumpkin, cabbage and zucchini to processed foods. These products all meet food safety standards such as VietGAP, GolbalGAP and organic certification. With more than 400,000 hectares of fertile agricultural land and favourable climate condition, Son La is the largest fruit granary in the North with an annual output of over 450,000 tonnes. Son … [Read more...] about Son La mango and safe farm produce week launched in Hanoi
Hanoi to host hot air balloon festival “Colourful Hanoi”
Illustrative image (Photo: thethaovanhoa.vn ) Hanoi (VNA) - The Hanoi Department of Tourism will coordinate with relevant agencies to kick off a tourism programme themed “Get on Hanoi 2022” on March 25 with a series of attractive activities, including a hot air balloon festival "Colourful Hanoi". international tourists in the new normal in the capital city. Hanoi ", music and visual art "Charming Hanoi", visual art Love Hanoi, musical and art performance "Get on Hanoi 2022". hot air balloon festival on March 25- 27 , the municipal Department of Tourism will coordinate with VMG Media JSC to organise a programme to introduce three new tourism products with hot air balloons, and perform at the same time 22 hot air balloons. Visitors will experience flying up in hot air balloons to see Hanoi from above. VNA … [Read more...] about Hanoi to host hot air balloon festival “Colourful Hanoi”
Vietnam eyes stronger cooperation with Japan in crime combat
Nhập mô tả cho ảnhMinister of Public Security To Lam meets with Japan ese Minister of Justice Furukawa Yoshihisa in Hanoi on June 30. (Photo: VNA) Hanoi (VNA) – Minister of Public Security To Lam wishes Vietnam and Japan will step up negotiations and sign agreements for closer coordination in crime prevention during his meeting with visiting Japanese Minister of Justice Furukawa Yoshihisa in Hanoi on June 30. Lam highlighted Furukawa Yoshihisa’s visit, saying it is of significance as it sets the scene for Vietnam and Japan to resume judicial cooperation post-pandemic. Vietnam and Japan will be celebrating the 50th anniversary of their diplomatic relations next year. Minister Lam expressed his delight at achievements in the two countries' partnership in politics, diplomacy, economics, trade and culture, saying the bilateral relationship is at its best ever. The two ministries signed an agreement for the transfer of convicted persons in 2019 which took effect in August … [Read more...] about Vietnam eyes stronger cooperation with Japan in crime combat
Folding bikes allowed on Hanoi’s sky train
Folding bikes are compact and light and do not take up too much space. The management board of Hanoi's Cat Linh-Ha Dong metro line, the first in Vietnam, has allowed passengers to take folding bikes on trains, according to Vu Hong Truong, general director of Hanoi Metro Company, operator of the system. The move is aimed at providing commuters with more convenient and easier access to the public transport system because this is the only metro route in Hanoi for now, Truong said, adding that it has yet to be interconnected with other modes of public transportation. “Cat Linh-Ha Dong is the first metro line to be put into operation in Vietnam, thus, improvements still need to be made during the operation of the system. Folding bikes are usually compact and light and will not take up too much space,” Truong elaborated. He noted that, however, the operator will deny service to passengers carrying large and bulky bikes on the train. Passengers on a train of the … [Read more...] about Folding bikes allowed on Hanoi’s sky train
Vietnam transport ministry requires rectification following thousands of flight delays
The Vietnamese Ministry of Transport has requested that airlines improve their punctuality after more than 5,600 flights were delayed in June. Vietnamese airlines operated 30,808 flights between May 19 and June 18, a jump of 528.7 percent and 18 percent compared to the same period in 2021 and last month, respectively, according to statistics of the Civil Aviation Authority of Vietnam (CAAV). During this period, the overall punctuality of the entire industry was 81.8 percent, with only 25,206 flights taking off on time, down 15.9 percentage points and 9.4 percentage percentage points compared to the same period last year and in May, respectively. As many as 5,602 flights were delayed, about 18.2 percent, an increase of 15.9 percentage points and 9.4 percentage points year on year and from last month’s figure, respectively. Airlines canceled 65 flights, or 0.2 percent of the total flight number, up 4.8 percentage points, over the same period last year, but down 0.1 percentage … [Read more...] about Vietnam transport ministry requires rectification following thousands of flight delays
Vietnam proposes Japan help in law-making capacity building
Prime Minister Pham Minh Chinh (right) and Japanese Minister of Justice Furukawa Yoshihisa. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh asked Japan for further helping Vietnam improve capacity in law-making and develop a pool of skilled legal and judicial experts during his meeting with visiting Japanese Minister of Justice Furukawa Yoshihisa in Hanoi on June 30. The PM also proposed Japan support Vietnam in accelerating digital transformation in justice and capacity building in defending international legal cases, particularly in the fields of politics, trade and economy. He affirmed that the Government of Vietnam is providing all enabling conditions to strengthen legal and judicial cooperation between the two ministries of justice, which plays a part in stepping up the Vietnam – Japan extensive strategic partnership. Describing Japan as Vietnam’s long-term, trusted and leading partner which shares many common strategic benefits with Vietnam, PM Chinh … [Read more...] about Vietnam proposes Japan help in law-making capacity building