Vietnam carriers reopen multiple international routes
Vietnamese airlines Vietjet Air and Vietnam Airlines have reopened multiple international routes since the beginning of the year.
In the latest instance, budget carrier Vietjet Air on Monday officially reopend direct routes connecting Danang city and Phu Quoc island with Hong Kong, responding to the needs of people and touristm demand.
The route connecting Phu Quoc with Hong Kong will have three return flights per week every Tuesday, Thursday and Saturday with tickets priced from only VND90,000 ($3.82) each way. The route connecting Danang with Hong Kong will have return flights per week every Monday, Wednesday, Friday and Sunday with tickets priced from only VND70,000 ($2.97) each way.
On February 10, Vietjet reopened a direct route connecting Ho Chi Minh City with Hong Kong. With two return flights every Monday and Friday, and taking only three hours, residents and visitors can easily move between HCMC and Hong Kong.
Meanwhile, the national flag carrier Vietnam Airlines resumed five routes between Vietnam and China in March and April 2023.
This March, the carrier resumed flights between Hanoi and Beijing with three flights per week. It will also increase the frequency of flights connecting Hanoi and HCMC with Guangzhou and Shanghai. Each of these routes will be increased from 1-2 flights per week to four flights per week.
In April, the carrier restored four routes including Danang with Guangzhou, Shanghai and Chengdu, and Hanoi with Chengdu, with two flights per week on each route.
In September 2023, Vietnam Airlines plans to operate wide-body Airbus A350 and Boeing 787 aircraft on routes between Hanoi and Beijing, and between Hanoi, HCMC and Shanghai.
A Vietnam Airlines representative said that the reopening and exansion aimed to meet travel and tourism demand between the two countries.
Between January 1 and February 16, Vietnam Airlines announced the resumption of 24 routes to 15 countries and territories including the U.S., Britain, France, Germany, Russia, Australia, Japan, South Korea, Taiwan, Hong Kong, Thailand, Malaysia, Singapore, Laos, and Cambodia.
Vietnam fully reopened its tourism doors on March 15, 2022, with international flights restored following the pandemic.
The country received 3.66 million international arrivals in 2022, up 23.3 times year-on-year, but down 79.7% compared to pre-pandemic 2019.
The number of foreigners visiting Vietnam in January-June this year was nearly 5.6 million, up 9.3 times year-on-year, but just 66.7% of the same period in pre-pandemic 2019.
- Read More
Invest in Vietnamese stocks with strong fundamentals amid downward trend, experts advise
Investors should maintain a reasonable portfolio to mitigate risks or selectively invest in leading stocks with strong fundamentals as Vietnam’s benchmark VN-Index may continue to decline in the upcoming sessions, say experts.
Finance - Sun, January 12, 2025 | 6:57 pm GMT+7
MobiFone proposed to be transferred to Ministry of Public Security
State-owned telecom giant MobiFone might be managed by the Ministry of Public Security as per a plan recently submitted to the government by the Ministry of Home Affairs (MoHA).
Companies - Sun, January 12, 2025 | 2:05 pm GMT+7
Stock, real estate investment channels rated higher than gold: Dragon Capital exec
Real estate and stock investment channels score 3.5 to 4 out of 5 compared to gold, which scores only 2 to 2.5, says Le Anh Tuan, head of investment at Dragon Capital Group, a leading foreign-run asset management firm in Vietnam.
Finance - Sun, January 12, 2025 | 9:58 am GMT+7
AI to be widely applied in electronic contracts: Viettel exec
The application of AI in electronic contracts is expected to reduce costs, streamline work processes, and boost business efficiency, according to Nguyen Ai Lien, director of customer service at Viettel Group in Ho Chi Minh City.
Companies - Sun, January 12, 2025 | 9:00 am GMT+7
Japan retailer Aeon Mall earns $22 mln in Vietnam from Mar-Nov 2024, up 19%
Aeon Mall reported an operating income of JPY3,434 million ($21.8 million) in Vietnam in March-November 2024 (first three quarters of fiscal year 2024), up 19.3% year-on-year.
Companies - Sun, January 12, 2025 | 8:00 am GMT+7
Samsung Vietnam earns $31.4 bln in 2024, down 10%
Samsung Vietnam, under South Korean chaebol Samsung, earned a revenue of $31.4 billion in 2024, down 10% year-on-year, the firm reported.
Companies - Sat, January 11, 2025 | 10:52 pm GMT+7
VinFast sets new monthly EV delivery record in Vietnam
VinFast, an electric vehicle manufacturer under Vietnam's conglomerate Vingroup, delivered over 20,000 electric cars in December 2024, a 20% increase from the previous month and the highest monthly delivery for a car brand in the local market.
Companies - Sat, January 11, 2025 | 6:36 pm GMT+7
Russian PM’s visit to lift Vietnam-Russia relations
Russian Prime Minister Mikhail Vladimirovich Mishustin will pay an official visit to Vietnam from January 14-15, over six months after the state visit by President Vladimir Vladimirovich Putin.
Politics - Sat, January 11, 2025 | 10:42 am GMT+7
Half of Military Bank credit earmarked for retail banking, SMEs: CEO
At least 50% of Hanoi-based Military Bank’s (MB) credit expansion in 2025 will go to retail banking and small and medium enterprises, while the rest to large enterprises.
Banking - Sat, January 11, 2025 | 10:02 am GMT+7
Vietnam conglomerate Vingroup to set up robotics company
Vingroup, the largest private conglomerate in Vietnam, plans to establish VinMotion, a company specializing in research, development, and application of multifunctional robots.
Companies - Sat, January 11, 2025 | 9:44 am GMT+7
S Korea’s SK to sell part of stake in Vietnam conglomerate Vingroup
South Korean chaebol SK Group plans to sell about 50.86 million VIC shares of Vietnam’s conglomerate Vingroup as part of its investment portfolio restructuring strategy.
Companies - Sat, January 11, 2025 | 9:25 am GMT+7
Primary apartment sales in HCMC, surrounding areas rise 24% in 2024: report
Sales of primary apartments in Vietnam’s southern metropolis of Ho Chi Minh City and surrounding areas reached 12,506 units in 2024, up 24% year-on-year, according to a report by real estate service provider DKRA Group.
Real Estate - Sat, January 11, 2025 | 8:00 am GMT+7
Shares of Vietnam's leading developer Novaland sink to record low
Shares of Vietnam’s leading real estate developer, Novaland, fell below par value to VND9,920 ($0.39) apiece on Friday, marking their lowest level since the company’s listing in late 2016.
Companies - Fri, January 10, 2025 | 10:49 pm GMT+7
Vietnam’s Big 4 banks post record profits in 2024
The four largest banks in Vietnam by total assets - BIDV, VietinBank, Agribank, and Vietcombank - reported record profits totaling an estimated VND126 trillion ($4.97 billion) in 2024, marking an all-time high.
Banking - Fri, January 10, 2025 | 10:34 pm GMT+7
BRICS membership opens door for Indonesia to access Russia’s crude oil
Indonesia’s recent entry to the BRICS bloc could provide the nation with potential economic advantages, particularly in addressing trade deficit in the oil and gas sector, according to state news agency Antara.
Southeast Asia - Fri, January 10, 2025 | 9:22 pm GMT+7
Philippines' rice imports hit record high in 2024
The Philippines' rice imports in 2024 rose to a new all-time high of almost 4.7 million metric tons as the country turned to foreign supplies to plug its shortfall in domestic stocks and temper retail prices of the staple.
Southeast Asia - Fri, January 10, 2025 | 9:14 pm GMT+7
- Opinion
-
Vietnam embraces new wave of investments: HSBC exec
-
Chinese e-commerce giant Temu's Vietnam entry: unfair competition or market economy norm?
-
Vietnam's economy: positive changes but concerns persist
-
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