Vietravel Airlines plunges into cargo transport
Vietravel Airlines, Vietnam’s first carrier operated by a travel agency, will team up with HCMC-headquartered Asean Cargo Gateway to offer air cargo services focused on regional markets.
VUAir Cargo will be a 51-49% joint venture between the two partners.
Vietravel Airlines launched its first commercial flight in January 2021, linking HCMC and Hanoi. In addition to domestic services, it also flies on several international routes, connecting with South Korea, Taiwan, Thailand and Singapore.
Vietravel Airlines CEO Vu Duc Bien said that the regional air cargo markets still have a lot of room for development, in particular with the current production shift to Southeast Asia from mainland China and Vietnam being a favored destination.
At present, the passenger carrier has a fleet of three A321 aircraft, which will be doubled next year, he said, adding that the fleet expansion would also serve its cargo transport service.
Bien said VUAir Cargo would initially operate a fleet of two to four B737-800F aircraft, with some expansion expected later. The joint venture will focus its services on Vietnam, Malaysia, Indonesia, Thailand, and China.
Vietravel Airlines is the fifth commercial airline in Vietnam.
In the air cargo sector, national flag carrier Vietnam Airlines, seriously hit by the Covid-19 pandemic, has converted some passenger planes into cargo aircraft. It has also mentioned its interest in building a cargo fleet.
Imex Pan Pacific Group chairman Johnathan Hanh Nguyen has said they are in the final steps to launching IPP Air Cargo as Vietnam’s first cargo airline. He expects it to start operations this November after being fully licensed.
Construction commenced Tuesday on the $38.5 million GNP Nam Dinh Vu industrial center project in Nam Dinh Vu Industrial Park, Hai Phong.
Industrial real estate - Wed, September 28, 2022 | 11:23 am GTM+7
Finnish company Valmet will provide Cheng Loong Binh Duong Paper Co. with key process technology for its new containerboard machine 23 at the company’s Ben Cat mill in Binh Duong province, southern Vietnam.
Companies - Wed, September 28, 2022 | 10:36 am GTM+7
The National Assembly, Vietnam’s parliament, is scheduled to pass seven draft and amended laws at its October-November session, including an amended oil & gas law and one on money laundering.
Politics - Wed, September 28, 2022 | 8:38 am GTM+7
The Ministry of Transport has asked the Prime Minister for permission to grant a license to the country’s first cargo airline, IPP Air Cargo.
Industries - Tue, September 27, 2022 | 10:45 pm GTM+7
Son Kim Real Estate Investment JSC planned a private placement of bonds worth VND500 billion ($21 million) late this month to purchase The METT office project in Ho Chi Minh City's Thu Thiem new urban area.
Finance - Tue, September 27, 2022 | 10:27 pm GTM+7
Vietnam's economic expansion can hit 7.2% this year and 6.7% next year, the highest in Southeast Asia, the World Bank says Tuesday.
Economy - Tue, September 27, 2022 | 9:45 pm GTM+7
Nguyen Quang Linh, assistant to Standing Deputy Prime Minister Pham Binh Minh, was arrested Tuesday for allegedly accepting bribes related to repatriation of Vietnamese citizens during the pandemic crisis.
Politics - Tue, September 27, 2022 | 5:06 pm GTM+7
Becamex IDC and the Confederation of Indian Industry (CII) have signed an agreement on partnership in the areas of IT, medical care, electronics, sustainable development and innovation.
Companies - Tue, September 27, 2022 | 3:27 pm GTM+7
BCG Land and Helios have signed strategic agreements with 13 top realty consultants to distribute properties of their King Crown Infinity project in both domestic and foreign markets.
Companies - Tue, September 27, 2022 | 3:26 pm GTM+7
The government has proposed to the National Assembly unique tax incentives for businesses in some prioritized sectors in Buon Ma Thuot, the biggest town in Vietnam's Central Highlands.
Industries - Tue, September 27, 2022 | 2:45 pm GTM+7
U.S. renewable energy developer Vesper Energy has signed a deal to buy 861-megawatt solar modules from Vietnam-headquartered manufacturer Boviet Solar.
Energy - Tue, September 27, 2022 | 11:34 am GTM+7
The disbursement of public investment reached VND243,148 billion ($10.25 billion) in the first nine months of the year, or 46.7% of the government's nine-month plan.
Economy - Tue, September 27, 2022 | 11:12 am GTM+7
Several Ford, Hyundai and Toyota dealers in Vietnam are shocking customers by charging them thousands of dollars more than the sticker price, citing cost of accessories.
Companies - Tue, September 27, 2022 | 10:05 am GTM+7
Typhoon Noru, one of the biggest to hit Vietnam in 20 years, has forced five airports in the central region to suspend operations for at least 24 hours, starting Tuesday.
Travel - Tue, September 27, 2022 | 9:22 am GTM+7
The Central Inspection Committee has proposed the Party Central Committee’s Secretariat considers disciplining Deputy Foreign Minister To Anh Dung and Nguyen Quang Linh, assistant to the Standing Deputy Prime Minister.
Politics - Mon, September 26, 2022 | 8:06 pm GTM+7