Vietjet continues overseas network expansion as tourism recovers
Vietnam’s low-cost carrier Vietjet has announced two new routes to South Korea and China as tourist arrivals from those two markets have surged, giving a boost to the domestic tourism industry.
The carrier on Monday announced a new route connecting Vietnam’s coastal city of Nha Trang to Daegu, South Korea’s fourth-largest city.
The new route is scheduled to commence operation on October 27, 2024, with seven round-trip flights per week, affirming the airline’s largest flight network between Vietnam and Korea.
The announcement was made at the Vietnam-South Korea Tourism Promotion and Cultural Cooperation Forum in the presence of Vietnam’s Prime Minister Pham Minh Chinh during his four-day official visit to Seoul.
Since its inaugural flight linking the two capitals Hanoi and Seoul in July 2014, Vietjet has continually expanded its flight network, transporting ten million passengers across over 37 regular and charter services between Vietnam and South Korea.
Vietjet is flying between Vietnam’s major tourist attractions namely Ho Chi Minh City, Hanoi, Hai Phong, Danang, Nha Trang, Phu Quoc, and Da Lat and Korea’s Seoul, Busan, and Daegu.
The airline on Monday inaugurated its new route connecting HCMC to Xi'an, the capital of Shaanxi province in China, renowned for its rich historical and cultural heritage, following the launch of services to Shanghai and Chengdu.
The route, operating four round-trip flights weekly, aims to foster deeper cultural and economic ties between the two cities as well as the two neighboring countries.
The new routes expand Vietjet's network across Vietnam and internationally to destinations in Australia, India, Northeast Asia, and Southeast Asia, creating more opportunities for cultural exchange, education, economic development, and tourism between nations.
In the first six months this year, Vietnam welcomed 8.8 million foreign tourist arrivals, reaching nearly half of its inbound tourism target of 18 million this year – the pre-pandemic level.
South Korea made up the biggest share of 2.28 million in H1, or 30%; followed by mainland China with 1.89 million (25%).
In the six-month period, air travel was the most popular mode of transportation for foreign visitors to Vietnam, with 7.4 million passenger arrivals, up 51.6% year-on-year.
- Read More
‘Bottleneck of bottlenecks’ continues to dog Vietnam's property, infrastructure projects
Limited consultations between agencies and the parliament’s primary focus on wording are issues with Vietnam’s legal framework adversely affecting property and infrastructure projects, experts and business representatives have commented.
Economy - Tue, November 19, 2024 | 3:40 pm GMT+7
Xi hastens construction of 3 Vietnam-China rail routes
Chinese President Xi Jinping has called for more substantial cooperation between China and Vietnam, including the pacier implementation of three railway routes linking the two nations.
Infrastructure - Tue, November 19, 2024 | 3:08 pm GMT+7
Vietnam developers offer deferred principal payments, interest support to boost year-end sales
Vietnamese housing developers are offering several incentives including deferred principal payments and interest support to stimulate demand and boost liquidity as the year nears its end.
Real Estate - Tue, November 19, 2024 | 2:29 pm GMT+7
Australia's EQ Resources acquires TMG Group with Vietnam-based ferrotungsten factory
Australia-based EQ Resources Limited has acquired its fellow firm Tungsten Metals Group (TMG), which owns and operates the largest ferrotungsten (FeW) factory outside China.
Companies - Tue, November 19, 2024 | 11:00 am GMT+7
Techcom Securities becomes largest broker in Vietnam by capital base
Techcom Securities JSC (TCBS) has become the largest securities company in Vietnam by charter capital after finishing a rights offering last week.
Finance - Tue, November 19, 2024 | 9:11 am GMT+7
Vietnam airport operator ACV looks to better exploit non-aviation service potential: exec
Vietnam's airports operator ACV expects to earn $145 million from non-aviation services this year, accounting for around 18.83% of its total revenue, which is modest compared to other countries, said deputy general director Nguyen Duc Hung.
Companies - Tue, November 19, 2024 | 7:45 am GMT+7
The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment
A seminar themed “Removing legal bottlenecks for infrastructure and property investment” will be organized by The Investor in Hanoi on Tuesday.
Companies - Tue, November 19, 2024 | 7:00 am GMT+7
Indonesia promises Asia-Pacific investors more incentives
Indonesian President Prabowo Subianto recently told the press that he will create more incentives and expand special economic zones (SEZs) so as to lure investors from Asia-Pacific.
Southeast Asia - Mon, November 18, 2024 | 11:01 pm GMT+7
Indonesia, Brazil enhance aviation cooperation
Indonesia's state-owned aircraft manufacturer, Dirgantara Indonesia (DI), and Brazilian aerospace company Embraer have signed a memorandum of understanding (MoU) to expand collaboration in the commercial aviation sector.
Southeast Asia - Mon, November 18, 2024 | 11:00 pm GMT+7
Indonesia eyes to become member of BRICS
Indonesian President Prabowo Subianto has shown his country’s desire to become a member of the BRICS - the alliance of major emerging economies initiated by Brazil, Russia, India, China, and South Africa.
Southeast Asia - Mon, November 18, 2024 | 10:57 pm GMT+7
Former Party chief, chairman of Vinh Phuc province face disciplinary action
Vietnam’s Central Inspection Committee has proposed disciplining Pham Van Vong, former Party chief of Vinh Phuc, and Phung Quang Hung, former chairman of the northern province, for violations related to Phuc Son Group.
Politics - Mon, November 18, 2024 | 9:17 pm GMT+7
Shaping a waterway into a key shipping channel: Viconship gets dredging nod
A major dredging project will allow safer ship navigation and increased cargo transportation capacity on the Hai Phong shipping channel, thereby enhancing competitiveness of Vinconship’s port system, says the company.
Companies - Mon, November 18, 2024 | 7:08 pm GMT+7
Former assistant to State President appointed general director of state-owned financial firm HFIC
Truong Tuan Anh, an official at the State President Office and former assistant to a state president, has been appointed general director of Ho Chi Minh City Finance and Investment Stated-owned Company (HFIC).
Companies - Mon, November 18, 2024 | 5:35 pm GMT+7
MBBank’s takeover of weak OceanBank to have limited impact on its credit profile: Fitch
Military Commercial Joint Stock Bank's (MBBank) takeover of Ocean Commercial Bank Limited (OceanBank) will have limited financial impact on the former’s credit profile, Fitch Ratings said Monday.
Banking - Mon, November 18, 2024 | 5:06 pm GMT+7
Win-win philosophy indispensable for sustainable growth: Bamboo Capital founder
A win-win cooperation strategy is not just desirable, but a necessary condition for sustainable development, says Nguyen Ho Nam, founder of Vietnam’s private conglomerate Bamboo Capital Group.
Bamboo Capital - Mon, November 18, 2024 | 4:46 pm GMT+7
Vietnam central bank resumes selling gold after 1-month hiatus
The State Bank of Vietnam (SBV), the country's central bank, on Monday announced that it will reactivate the sale of SJC-branded gold bars to meet market demand.
Banking - Mon, November 18, 2024 | 4:02 pm GMT+7
- Opinion
-
Vietnam embraces new wave of investments: HSBC exec
-
Vietnam's economy: positive changes but concerns persist
-
Chinese e-commerce giant Temu's Vietnam entry: unfair competition or market economy norm?
-
Slow administrative procedures hinder Korean investments in Vietnam: KoCham chair
-
Abundant real estate opportunities surround HCMC
-
Vietnam needs to modify FDI incentives to stay competitive amid global minimum tax application: expert