Flag carrier Vietnam Airlines strives to reach break-even this year
Loss-making national flag carrier Vietnam is aiming to offset its operating costs and approach the break-even mark this year with government support, said its chairman Dang Ngoc Hoa.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major Vietnamese firms call for stable exchange rate
Major Vietnamese companies, including energy giant Petrovietnam, real estate developer Sun Group and national carrier Vietnam Airline, have asked the central bank to keep the VND/USD rate stable amidst global financial turbulence.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam budget airline Vietjet launches Melbourne-Hanoi direct air link
Private carrier Vietjet announced the launch of direct flights between Melbourne and Hanoi at the Vietnam-Australia Business Forum 2024 held Tuesday in Melbourne.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM orders plan to assist Vietnam Airlines' survival
Prime Minister Pham Minh Chinh has asked the Commission for the Management of State Capital at Enterprises (CMSC) to submit a plan this month for resolving problems facing Vietnam Airlines.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
National carrier Vietnam Airlines’ loss-making streak extended to 4th year
National flag carrier Vietnam Airlines posted a consolidated net loss of VND5.81 trillion ($237.8 million) in 2023, marking its fourth consecutive year of unprofitability.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam gov’t urges six agencies to help Bamboo Airways stay afloat
Deputy Prime Minister Le Minh Khai has asked six government agencies to support Bamboo Airways to overcome its hardships and successfully restructure its operations.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese carriers open new routes as year-end tourism heats up
Vietnam’s largest carriers - Vietnam Airlines and Vietjet Air – have launched new routes to international tourist hubs to cash in on growing demand during the year-end travel season.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Aeroflot approved to launch Vietnam-Russia direct flights
The Civil Aviation Authority of Vietnam (CAAV) has permitted Aeroflot, the flag carrier and biggest airline in Russia, to conduct Vietnam-Russia direct flights.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM Chinh invites Turkish conglomerate Hayat to expand Vietnam presence
Vietnamese Prime Minister Pham Minh Chinh has suggested that Turkish conglomerate Hayat Holding expand its Vietnam presence with continued investment and cooperation with local partners.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign ownership limit in Vietnam budget carrier Vietjet goes up to 30%
Vietnam’s State Securities Commission has allowed Vietjet Air to lift its foreign ownership limit (FOL) to 30%, the budget airline announced Wednesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Struggling Bamboo Airways suspends routes to Asian, European destinations
Vietnam's privately-run carrier Bamboo Airways has started halting a series of international routes to South Korea, Japan, Thailand, Australia and Germany from October 29 in its latest effort to stay afloat.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Airways has third CEO in 5 months
Bamboo Airways has appointed aviation veteran Luong Hoai Nam as its new CEO, the third in five months and the fourth in more than a year, as the carrier is undergoing tough reshuffles following a change in owners.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Four Vietnamese carriers win top regional honors at World Travel Awards
Vietnam Airlines, Vietjet, Vietravel Airlines and Hai Au Aviation have been honored in different categories at this year’s World Travel Awards for the Asia and Oceania regions.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Mega business deals signed between Vietnam, US during Biden’s visit
Businesses from Vietnam and the U.S. signed deals and announced investments worth billions of USD during U.S. President Joe Biden’s visit to Vietnam on September 10-11.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietjet secures $550 mln aircraft funding from Carlyle Group
Vietnamese budget airline Vietjet and Carlyle Group, a US-based leading financial group, signed an aircraft finance agreement worth $550 million on Monday during U.S. President Joe Biden’s visit to Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines signs $10 bln deal to buy 50 Boeing aircraft
National flag carrier Vietnam Airlines has signed a $10 billion deal with Boeing to buy 50 737 Max jets, with handover scheduled for the period 2027-2030.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, US firms to strike deals during President Biden's Hanoi visit: White House
A string of deals is set to be signed between major businesses of Vietnam and the U.S. during President Joe Biden's visit to Hanoi from September 10-11, according to the White House.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Restructuring delays Vietnam Airlines financial statements: company
Vietnam Airlines has blamed the delay in announcing its audited financial statements for 2022 on “comprehensive restructuring and stabilizing production and business activities.”
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines shares grounded onto restricted list
The Ho Chi Minh Stock Exchange (HoSE) on Wednesday announced it will switch the status of HVN shares in national flag carrier Vietnam Airlines from controlled to restricted trading from July 12, due to the late submission of its 2022 audited financial statement.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam carriers reopen multiple international routes
Vietnamese airlines Vietjet Air and Vietnam Airlines have reopened multiple international routes since the beginning of the year.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam private carrier Bamboo Airways reports $748 mln loss in 2022
Vietnamese private carrier Bamboo Airways reported a loss of VND17.6 trillion ($748 million) in 2022, about $84 million higher than the combined figure of Vietnam Airlines and Vietjet Air.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines among world's top 25 airlines for 2023
National flag carrier Vietnam Airlines was named among the world's top 25 airlines for 2023 on Wednesday by Australia-based AirlineRatings.com.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines shares placed under control for late submission of financial reports
The Ho Chi Minh Stock Exchange (HoSE) has decided to put shares of national flag carrier Vietnam Airlines (HVN) under control from May 12 due to late submission of its 2022 audited financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietjet profits down 29% in Q1, Vietnam Airlines reports losses
Budget carrier Vietjet Air recorded an after-tax profit of nearly VND173 billion ($7.37 million) in the first quarter of 2023, down 29% year-on-year, while national flag carrier Vietnam Airlines made a loss of VND37.3 billion ($1.59 million).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Phu Bai airport in central Vietnam launches new terminal
Phu Bai International Airport in the central province of Thua Thien-Hue inaugurated its second terminal on Friday, welcoming travelers in a flight operated by national flag carrier Vietnam Airlines.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines shares put on warning
The Ho Chi Minh Stock Exchange (HoSE) has decided to put the HVN shares of national flag carrier Vietnam Airlines on warning from April 25 due to delaying its 2022 audited financial statements by more than 15 days compared to the deadline.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese airlines take to the skies on new international routes
Vietnamese carriers Vietnam Airlines and Vietjet Air have opened or reopened multiple international routes since the beginning of the year.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines hits turbulence over financial statement submission
The State Securities Commission (SSC) has instructed national flag carrier Vietnam Airlines to complete its accounts and information disclosure for 2022 as regulated and without delay.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines staff suspected of drug trafficking released
Ho Chi Minh City Police's investigative agency on Wednesday decided to release four Vietnam Airlines flight attendants as there is "not enough basis" to accuse them of drug trafficking.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines staff investigated for drug trafficking
Ho Chi Minh City police are investigating four flight attendants working for national flag carrier Vietnam Airlines for transporting 11 kilograms of drugs from France to Vietnam on Thursday.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Five Vietnam firms join World Logistics Passport initiative
Five Vietnamese firms have joined the World Logistics Passport (WLP) as part of the addition of Vietnam as a hub into the United Arab Emirates-led initiative, according to agreements signed on Tuesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines plans to lease eight A320neo aircraft
National flag carrier Vietnam Airlines has announced plans to dry lease eight Airbus A320neo aircraft for 143 months, with delivery scheduled for 2024.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines reopens 5 routes to China
National flag carrier Vietnam Airlines will resume five routes between Vietnam and China in March and April 2023.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines has highest delay rate in 2022
National flag carrier Vietnam Airlines had the highest delay rate in 2022, involving 12.5% of flights.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Airlines warned of delisting
The Ho Chi Minh City Stock Exchange (HoSE) on Thursday continued to warn of the risks of delisting Vietnam Airlines shares if its 2022 audited consolidated financial statement continues to record negative profits or equity.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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