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.
Budget airline Vietjet Air on Thursday launched a new route connecting Sydney with Ho Chi Minh City with three return flights per week.
Flights will take off from Sydney on Mondays, Thursdays and Saturdays, and return from HCMC on Wednesdays, Fridays and Sundays.
In January, the carrier opened a new direct route connecting HCMC and Melbourne.
In mid-March, Vietjet said it will launch the first ever direct flights connecting Vietnam to the Australian state of Queensland. The airline will operate services between HCMC and Brisbane Airport from June 16 every Monday and Friday.
In March, national flag carrier Vietnam Airlines has resumed regular flights on the Hanoi-Beijing (China) route after being grounded for three years due to Covid-19.
Vietnam Airlines said that in the immediate future, it will operate the Hanoi-Beijing route with three return flights per week, but that is expected to increase from mid-2023. At the same time, the airline plans to open more routes connecting Beijing Daxing International Airport.
Vietnam fully reopened to tourism on March 15, 2022 with international flights restored in the post-pandemic period.
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 levels in 2019.
International visitors to Vietnam in the first quarter of the year reached nearly 2.7 million arrivals, expanding by 29.7 times year-on-year, according to the General Statistics Office.
South Korea was the biggest source market with more than 810,000 arrivals, up 55% and equal to 81% of pre-pandemic levels. Second was China (including Hong Kong and Taiwan), with more than 270,000 arrivals.
The U.S. ranked third among the top international tourist markets with more than 200,000 arrivals, up more than 200% over the same period in 2022.
- Read More
2025 a turning point for Vietnam stock market: broker
Vietnam's stock market has struggled to capture the attention of both domestic and foreign investors in recent months, reflected by persistent foreign capital outflows and a steady decline in market liquidity, according to Chen Chia Ken, CEO of Phu Hung Securities JSC.
Finance - Wed, November 20, 2024 | 7:07 am GMT+7
Construction trio keen on building $1.5 bln expanded expressway in southern Vietnam
Three construction majors in Vietnam are interested in building an expanded expressway connecting Ho Chi Minh City with the Mekong Delta provinces of Long An and Tien Giang for an estimated VND38.6 trillion ($1.52 billion).
Infrastructure - Tue, November 19, 2024 | 8:18 pm GMT+7
Singapore, Germany upgrade relations to strategic partnership
Singapore and Germany have decided to elevate their ties to a Strategic Partnership to promote closer cooperation in areas of mutual interest such as security, artificial intelligence (AI) and clean energy.
Southeast Asia - Tue, November 19, 2024 | 8:01 pm GMT+7
Thailand’s rice shipment up 20% in 10 months
Thailand exported 8.37 million tons of rice in January-October, a year-on-year increase of 20%, according to the Ministry of Commerce.
Southeast Asia - Tue, November 19, 2024 | 8:00 pm GMT+7
Vietnam’s inconsistent legal framework poses problems for FDI sector: Deep C exec
Vietnam’s legal framework lacks consistency and the foreign direct investment (FDI) sector will soon face challenges related to the Law on Environmental Protection, says Bruno Jaspaert, CEO of Deep C Industrial Zones.
Economy - Tue, November 19, 2024 | 6:30 pm GMT+7
Vietnam shares sink on extended foreign selloffs
Vietnamese equities fell for a fourth consecutive day on Tuesday as foreign traders extended their selling spree.
Finance - Tue, November 19, 2024 | 5:10 pm GMT+7
Germany’s household product firm QuickPack to invest $32 mln in Vietnam
Germany’s QuickPack, a specialist for household goods and hygiene products, will invest €30 million ($31.8 million) in Vietnam’s Mekong Delta province of Long An.
Industries - Tue, November 19, 2024 | 4:24 pm GMT+7
Malaysian millionaire willing to invest in convicted Vietnamese tycoon’s property project: lawyers
Malaysian millionaire Vincent Tan has evinced investment interest in a residential project owned by convicted tycoon Truong My Lan, chairwoman of Van Thinh Phat Group, lawyers for the latter have disclosed.
Real Estate - Tue, November 19, 2024 | 4:17 pm GMT+7
‘Bottleneck of bottlenecks’ continues to dog Vietnam's property, infrastructure projects
Limited consultations between state agencies and the parliament’s primary focus on wording are issues with Vietnam’s legal framework adversely affecting property and infrastructure projects, say experts and corporate leaders.
Economy - Tue, November 19, 2024 | 3:40 pm GMT+7
President Xi Jinping 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
- 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