Vietnam new year 2017

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has signed a resolution to promote the development of support industries with the aim of having 2,000 enterprises capable of directly supplying parts for multinational corporations in ten years. These companies provided essential, high-quality parts for larger enterprises to allow them to carry out business in Vietnam. According to Resolution 115/NQ-CP, Vietnamese enterprises will be able to produce highly competitive supporting industrial products, meeting 45 percent of the essential needs for domestic production and consumption, accounting for about 11 percent of industrial production value by 2025.   About 1,000 enterprises are expected to be capable of supplying directly to assembly enterprises and multinational corporations, of which domestic enterprises account for about 30 percent by 2025. By 2030, supporting industrial products will meet 70 percent of the demand; accounting for about 14 percent of industrial … [Read more...] about Vietnam aims to have 2,000 supporting businesses

Vietnam Airlines outgoing chairman Pham Ngoc Minh said the airline was in finalizing procedures seeking a VND4 trillion loan from the government and a VND8 trillion ($344 million) increase in charter capital. The government owns an 86.19 percent stake in the airline. … [Read more...] about Covid-19 resurgence clips Vietnam Airlines wings again

In late July, the World Bank forecast the country's GDP growth could reach 2.8 per cent in 2020 and will recover to 6.7 per cent in the next year. In the latest report, the bank forecast Viet Nam to rank fifth in the global growth this year. — VNS  … [Read more...] about Việt Nam faces lowest growth in 35 years

Bamboo Airways’s charter capital in April was increased by 73 percent to VND7 trillion ($299 million), and Hien said that FLC does not plan to pour more money into the airline this year. The company maintains its target to achieve 30 percent of the aviation market share this year. … [Read more...] about FLC denies selling Bamboo Airways stake

With domestic flights allowed to go back to their normal schedule, FLC is sticking to its target of claiming a 30 percent domestic market share this year, and also plans to fly to more destinations in East Asia, Europe and the Americas. … [Read more...] about Conglomerate FLC reconciles to $84 mln loss in 2020 due to pandemic