Vietnamese airlines to resume regular flights to China
Vietnamese airlines will resume regular flights to China from January 8, similar to the pre-pandemic period, as the northern neighbor lifts Covid-19 restrictions.
In late December last year, the Civil Aviation Administration of China (CAAC) announced that starting January 8, both Chinese and foreign airlines could resume flights as per their bilateral Air Service Agreements, indicating that temporary restrictions on the number of international passenger flights as well as the limitation on passenger load factors will be lifted.
The CAAC added that some airports might be understaffed and urged carriers to contact them in advance to avoid difficulties.
However, it would be difficult for Vietnamese airlines to resume flights to China to pre-pandemic levels for the summer season 2023 (March 26-October 28), said the Civil Aviation Authority of Vietnam (CAAV) at a meeting with five Vietnamese airlines.
The CAAV analyzed that demand for Vietnam-China flights in the coming time would mainly come from businesspeople, family visits, and students, so the aviation market would not instantly rebound to pre-pandemic levels.
In reply, Vietnam Airlines, Vietjet Air, Bamboo Airways, Pacific Airlines, and Vietravel Airlines, urged the CAAV to continue working with its Chinese counterpart to guarantee easier rules for flight slots. They also urged the CAAV to work with relevant authorities to apply suitable visa policies for Chinese visitors, as this group plays a key role in Vietnam’s tourism industry.
Vietnam Airlines will continue operating flights linking Hanoi to Nanjing and Shanghai; and HCMC to Shenzhen, Hangzhou, Shanghai, Sichuan, and Guangzhou with six flights a week. The carrier plans to increase flight frequencies from March, from three to five flights a week on the routes to Shanghai, Beijing, and Guangzhou, prioritizing regular flights.
Vietjet Air is running six flights per week connecting HCMC to Shenzhen, Hangzhou, Shanghai, Sichuan, and Wuhan. It plans to launch flights from Cam Ranh in the central province of Khanh Hoa to Changsha, Chengdu, and Hefei later this month. For the summer of 2023, the Vietnamese budget carrier has 60 out of 85 routes with allocated flying slots.
Pacific Airlines is flying from Hanoi to Hangzhou and Nanning with two flights per week and eyes more Chinese destinations like Guangzhou and Fuzhou from the summer.
Prior to the announcement by the CAAC, some Vietnamese airlines had already announced the resumption of trips to China.
On December 6, 2022, Bamboo Airways debuted its Hanoi-Tianjin route with two flights carrying nearly 400 passengers.
On December 9, 2022, national flag carrier Vietnam Airlines ran a flight from Ho Chi Minh City to Guangzhou, the first regular flight to China to take off by the carrier after nearly three years. After that, the airline resumed its Hanoi-Shanghai, HCMC-Shanghai, and Hanoi-Hong Kong routes.
In 2019, prior to the Covid-19 pandemic, China was the biggest source of foreign visitors to Vietnam with 5.8 million, followed by South Korea with 4.29 million, and Japan with 952,000, according to the General Statistics Office. The country attracted 18 million foreign tourists that year.
- Read More
Vietnam, France should partner in deep processing of strategic metals, minerals: Deputy PM
French and Vietnamese enterprises should pilot cooperation in mining and deep processing of strategic minerals and metals, said Deputy Prime Minister Tran Hong Ha.
Economy - Tue, January 21, 2025 | 9:30 pm GMT+7
Bamboo Capital Group redeems over $15.7 million worth of bonds before maturity
Bamboo Capital Group (HoSE: BCG), a Vietnamese private multi-sector corporation, has completed the first phase of redeeming bonds worth VND397.16 billion ($15.72 million), in line witth its roadmap to buy back VND500 billion worth of bonds two years before maturity.
Bamboo Capital - Tue, January 21, 2025 | 8:02 pm GMT+7
Central Vietnam province Khanh Hoa seeks growth momentum from FDI
The south-central coastal province of Khanh Hoa is diversifying approaches to attract foreign direct investment (FDI), with several major projects to be launched, according to the provincial mayor.
Industries - Tue, January 21, 2025 | 4:33 pm GMT+7
Two leading Vietnamese brokers report steep profit declines in Q4/2024
Saigon Securities Inc. (HoSE: SSI) and VnDirect Securities (HoSE: VND), the two largest brokerage firms in Vietnam by charter capital, experienced a sharp decline in net profit in the fourth quarter of 2024.
Companies - Tue, January 21, 2025 | 3:39 pm GMT+7
More M&A deals expected in Vietnam’s plastics industry: association chairman
Foreign companies will face challenges acquiring land and making greenfield investments in plastic factories in Vietnam, prompting them to enter the market via acquisitions, says Nguyen Quoc Anh, chairman of the Ho Chi Minh City Rubber and Plastics Association.
Companies - Tue, January 21, 2025 | 3:12 pm GMT+7
New rules on securities, banking ownership limitations in Vietnam
Vilaf law firm analyzes the newly-promulgated rules related to the amendments and supplements to the Law on Securities 2019; the roadmap to ensure compliance with ownership limitations of the Law on Credit Institutions 2024; and the amendments of regulations on certificates in insurance sector.
Consulting - Tue, January 21, 2025 | 1:52 pm GMT+7
Vietnam, Czech elevate ties to strategic partnership
Vietnam has become the first Southeast Asian country to have a strategic partnership with the Czech Republic.
Politics - Tue, January 21, 2025 | 10:34 am GMT+7
Vietnam seaport firms report strong profits in 2024
Many seaport companies in Vietnam have logged significant profit increases for 2024 compared to the previous year.
Companies - Tue, January 21, 2025 | 8:17 am GMT+7
ASEAN members agree to build safe digital environment
Thai Deputy Prime Minister and Minister of Digital Economy and Society Prasert Jantararuangtong said that participants at the 5th ASEAN Digital Ministers Meeting (ADGMIN) have agreed that online fraud and call center gangs are urgent issues that require a collective effort to address.
Southeast Asia - Mon, January 20, 2025 | 8:20 pm GMT+7
Thailand to have first FTA with Europe’s trade bloc EFTA
A free trade agreement between Thailand and the European Free Trade Association (EFTA), including Switzerland, Norway, Iceland and Liechtenstein, will be signed in Davos on Thursday, becoming the first pact of its kind between the Southeast Asian country and the trade bloc.
Southeast Asia - Mon, January 20, 2025 | 8:16 pm GMT+7
Suntory Pepsico to up output of northern Vietnam factory by 65%
Suntory Pepsico Vietnam Beverage (SPVB) is seeking permission to increase the output of its factory in Vietnam’s northern province of Bac Ninh by 65%, from 500 million to 825 million liters a year.
Industries - Mon, January 20, 2025 | 7:35 pm GMT+7
State utility EVN signs feasibility study contract for $2.1 bln LNG power plant
Power Project Management Board 2, under state utility Vietnam Electricity (EVN), has signed a consulting contract for the $2.1 billion Quang Trach II LNG-fired power plant's feasibility study report.
Energy - Mon, January 20, 2025 | 4:43 pm GMT+7
Vietnamese lender SeABank reports $239 mln profit in 2024
Vietnamese private creditor SeABank recorded VND6,039 billion ($238.5 million) in pre-tax profit in 2024, up 31% year-on-year.
Banking - Mon, January 20, 2025 | 4:07 pm GMT+7
Vietnam to add biomass power to DPPA: draft decree
Vietnam’s Ministry of Industry and Trade plans to add biomass power to the direct power purchase agreement (DPPA) mechanism, according to its draft decree to replace Decree 80/2024 on DPPA mechanism.
Energy - Mon, January 20, 2025 | 12:39 pm GMT+7
Dairy giant Vinamilk contributes $70 mln to shareholder Fraser and Neave's profit in fiscal year 2024
Vinamilk, one of the biggest dairy firms in Vietnam, contributed SGD95 million ($69.5 million) to the profit before interest and tax (PBIT) of shareholder Fraser and Neave (F&N) in fiscal year 2024 (October 2023-September 2024).
Companies - Mon, January 20, 2025 | 11:49 am GMT+7
Korean bank Shinhan, Vietnam insurer PJICO ink strategic cooperation deal
South Korea’s Shinhan Bank Vietnam Limited and Petrolimex Insurance Corporation (PJICO) have signed a strategic cooperation agreement to leverage the potential of both sides.
Banking - Mon, January 20, 2025 | 11:17 am 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