Transport ministry promotes flights to Mekong Delta
The Ministry of Transport has requested the Civil Aviation Authority of Vietnam (CAAV) to direct Vietnamese airlines to open new international and domestic routes to Can Tho city, the heart of Mekong Delta.
Can Tho is Mekong Delta's tourism, agricultural, and industrial production hub, with significant economic, cultural and social influence, serving as the gateway to the lower Mekong region. It is also one of five centrally managed cities in Vietnam, together with Hanoi, Hai Phong, Danang, and Ho Chi Minh City.
Increased flights to Can Tho International Airport will effectively integrate aviation with tourism in the delta, in line with the Prime Minister's 2019 project to "strengthen aviation connectivity with tourist markets," the ministry stated.
A proposal on new routes to Can Tho must be submitted by CAAV to the ministry within June.
"The CAAV needs to encourage airlines to deploy favorable pricing policies on routes operating to/from Can Tho, as well as prioritize slot confirmation for aircraft traveling to/from Can Tho airport."
The ministry also assigned Airports Corporation of Vietnam (ACV) to ensure Can Tho airport's 24/7 operation so that it could receive international flights during evening hours.
"Authorities should organize workshops on promoting tourism to the city and other provinces in the region," it added.
The document was also sent to Vietnamese carriers Vietnam Airlines, Pacific Airlines, Vietjet Air, Bamboo Airways, and Vietravel Airlines.
Vietnam Airlines, Vietjet Air, and Bamboo Airways are scheduled to operate seven routes between Can Tho and Hanoi, Danang, Hai Phong, Vinh, Thanh Hoa, Phu Quoc and Con Dao, with a frequency of 125 flights per week (from 16-18 flights per day) from March 27 to October 29, according to CAAV.
Besides aviation, the government has been focusing on the development of roads, waterways, and maritime transport infrastructure in Mekong Delta to synchronize and modernize its transport system.
These moves are in line with the government’s orientation of socio-economic development and maintenance of security and defense of the Mekong Delta region until 2030, with a vision to 2045.
- Read More
Vietnam currency to strengthen towards year-end: UOB analysts
Vietnamese dong (VND), the local currency, is expected to appreciate against the greenback in H2/2024, with the U.S. Federal Reserve likely to cut interest rates twice this year.
Banking - Fri, May 3, 2024 | 7:58 pm GMT+7
Most Vietnamese tourists feel guilty about less sustainable travel choices: Booking.com
A majority of Vietnamese survey respondents (56%) feel guilty about less sustainable travel choices and almost all of them (94%) want to travel more sustainably over the next 12 month.
Travel - Fri, May 3, 2024 | 5:32 pm GMT+7
Former Bank Central Asia senior executive becomes Techcombank independent board member
Eugene Keith Galbraith, a world-class banking veteran, is expected to help Techcombank achieve its vision of becoming a leading bank in the region and the partner of choice for customers by drawing on his vast experience with Indonesia's Bank Central Asia (BCA).
Banking - Fri, May 3, 2024 | 3:51 pm GMT+7
Korea industrial giant Doosan's Vietnam unit earns $29 mln profit in 2023
Doosan Enerbility Vietnam Co., Ltd., the Vietnamese unit under South Korean industrial giant Doosan, earned a net profit of KRW39.65 billion ($29.11 million) in 2023.
Companies - Fri, May 3, 2024 | 3:19 pm GMT+7
PM requests urgent action to prevent cross-ownership, manipulation of credit institutions
Prime Minister Pham Minh Chinh has ordered the Ministry of Public Security to coordinate with the State Bank of Vietnam (SBV) to take urgent action to prevent and deal with cross-ownership and manipulation at credit institutions, ensuring system safety and financial-monetary security.
Banking - Fri, May 3, 2024 | 2:46 pm GMT+7
Samsung Electro-Mechanics to build new factory in Vietnam
Samsung Electro-Mechanics (SEM), the semiconductor and camera module arm of South Korea chaebol Samsung, is set to build a new factory in Vietnam.
Industries - Fri, May 3, 2024 | 10:19 am GMT+7
Stock market liquidity forecast to pick up at end-Q2
Real estate investment cash flow remains limited, but money flowing into stocks is likely to be positive at the end of the second quarter, said Dinh The Hien, director of the Institute of Informatics Research & Applied Economics.
Finance - Fri, May 3, 2024 | 10:14 am GMT+7
Ca Mau company director faces legal proceedings for illegal invoice trading
Police in the southernmost province of Ca Mau have launched legal proceedings against Dang Quoc Viet, who established three companies to illegally trade 350 invoices for VND130 billion ($5.12 million).
Society - Fri, May 3, 2024 | 9:00 am GMT+7
IMF makes new recommendations for Indonesia’s economy
The International Monetary Fund (IMF) has given some comments on Indonesia’s economy as the country is undergoing a government transition from President Joko Widodo to President-elect Prabowo Subianto.
Southeast Asia - Fri, May 3, 2024 | 8:40 am GMT+7
Indonesia aims at three-fold increase in EV sales this year
The Indonesian government has set a target for the sales of battery-based electric cars to reach 50,000 units in 2024.
Southeast Asia - Fri, May 3, 2024 | 8:36 am GMT+7
Thailand's economy grows 1% in first quarter
The Bank of Thailand estimates that the country grew by just 1% in the first quarter on both a quarterly and annualised basis, reported the Bangkok Post.
Southeast Asia - Fri, May 3, 2024 | 8:35 am GMT+7
Thailand aims for 5% growth in future food exports
Thailand is targeting future food export growth of 2-5% this year, driven by the global economic recovery and sustainability trends.
Southeast Asia - Fri, May 3, 2024 | 8:34 am GMT+7
Malaysia asserts pioneering role in halal industry
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Southeast Asia - Fri, May 3, 2024 | 8:33 am GMT+7
Indonesia, Malaysia step up defence cooperation
Indonesian Defence Minister Prabowo Subianto and his Malaysian counterpart, Mohamed Khaled Nordin, discussed opportunities for stronger defence cooperation between the two countries at their meeting on Wednesday in Jakarta.
Southeast Asia - Fri, May 3, 2024 | 8:08 am GMT+7
HCMC needs 50,000 apartments per year to meet demand: Savills
Ho Chi Minh City will need about 50,000 new apartments each year to meet demand, with 60-70% in the affordable segment, but current supply is falling way short, according to Savills Vietnam.
Real Estate - Fri, May 3, 2024 | 8:00 am GMT+7
Vietnamese retail majors set for prosperous year after robust Q1
Vietnamese retail majors have reported Q1/2024 profits several times higher year-on-year or turned losses into profit after purchasing power recovered significantly during Tet (Lunar New Year) holiday, market observers say.
Companies - Thu, May 2, 2024 | 10:21 pm GMT+7
- Opinion
-
Abundant real estate opportunities surround HCMC
-
Bonds essential capital source for real estate market
-
Hanoi metro projects a thorn in the flesh
-
Vietnam banking system needs serious shake-up: expert
-
Cultural due diligence critical to nurturing foreign bank 'marriages'
-
High costs, uncertain returns deterring AI investment in Vietnam