The Hanoitimes - As if meeting technical requirements to fly to the US is not hard enough, Vietnam Airlines has to ensure the profitability of those flights. Vietnam Airlines, the country's national flag carrier, is having a headache to make non-stop flights to the US profitable, Thanh Nien newspaper reported. Illustrative photo. As if meeting technical requirements to fly to the US is not hard enough, the air carrier has to ensure the profitability of those flights. Practices from major world air carriers have shown that they have to compensate for the losses incurred by the US route with earnings from other lucrative ones or from sales and leaseback. Vietnam Airlines estimated that three to five flights per week to the US would result in a loss of between US$30-50 million per year (according to the exchange rate of 10 years ago) for the carrier. Sources from Boeing also said that 90% of air routes from Asia to the West Coast of the United States cannot earn … [Read more...] about How hard is it for Vietnamese air carriers to fly to the US?
Vietnam’s real estate business engages the interest of Singaporean investors According to a Singapore Business Federation (SBF) survey, the Singaporean business community listed Vietnam as its top market of interest. Last month, the SBF and the Enterprise Singapore led a delegation of 36 Singaporean companies to Vietnam to explore cooperation opportunities. According to the Vietnamese Ministry of Planning and Investment, Singapore was Vietnam’s third largest foreign investor and largest ASEAN investor in 2018, with more than 2,200 investment projects in the services, manufacturing and processing sector, as well as real estate, for total capital of about US$49 billion. As of July 30, 2019, Singapore remained Vietnam’s third largest foreign investor, after the Republic of Korea and Japan, with total capital of US$50.65 billion for 2,295 projects. Singaporean investors, among them big corporations such as Armstrong S.E. Clean Energy Fund, SHS Holdings … [Read more...] about Singaporean investment in Vietnam on the rise
The Hanoitimes - Vietnam remains huge opportunities for foreign investors, while Jardine Matheson would continue to explore investment options in the country’s priority sectors, said the UK-based conglomerate’s executive. Hanoi targets priority markets for trade and investment promotion Real estate sector makes up 34% of corporate bond investment in Vietnam Investors expect positive changes in Vietnam’s PPP investment law Vietnam Politburo requests foreign investments to ensure national security Vietnam’s disbursement of public investment sluggish in recent years Majority of Chinese firms consider Vietnam preferred investment destination UK-based Jardine Matheson is committed to expanding investments in Vietnam, which has been maintaining high economic growth in recent years, according to Ben Keswick, chairman and managing director of Jardine Matheson. Overview of the meeting. Source: VGP. Vietnam remains huge opportunities for … [Read more...] about Jardine Matheson plans investment expansion in Vietnam
(VEN) - The dependence of the Vietnamese economy on the foreign-invested sector is a matter of concern. Associate Professor Nguyen Duc Trung, deputy rector of the Banking University, said Vietnam’s economy expanded 6.76 percent in the first half of 2019, lower than the 7.08 percent rate in the same period last year, but still higher than first-half figures during the 2011-2017 period. The Vietnamese economy is facing the impact of the escalating US-China trade war. Aggregate demand decreases as an inevitable response when risk factors increase. In the first seven months of the year, Vietnam’s exports reached an estimated US$145 billion, a year-on-year increase of 7.5 percent. The domestic economic sector accounted for US$44 billion, comprising 30.3 percent of total export turnover, while the foreign-invested sector (including crude oil) exported goods and services worth US$101 billion, accounting for 69.7 percent of Vietnam’s export turnover. The results reflect … [Read more...] about Vietnam seeks to ease dependence on foreign invested firms
Held by the Australian Chamber of Commerce in Vietnam (Auscham) in collaboration with the Cushman & Wakefield company, the symposium, held September 12 in Ho Chi Minh City, will be themed, "What's next". This is the 7th time Auscham is organizing this event, bringing together industry leaders to collaborate and share their insights. According to the symposium organizing committee, the commercial real estate and residential market in the biggest cities in Vietnam and neighboring provinces has become more and more attractive in recent years, attracting a lot of domestic and foreign investment, especially in luxury and class A properties. As one of fastest growing and globalizing economies in the world, Vietnam attracts investors with its stability. Vietnam’s property market has steadily recovered since the difficulties of 2009-2013, particularly within the residential sector. A surging demand for residential property has led to a high absorption rate of 70-80% of new supply … [Read more...] about Auscham to host real estate symposium on ‘What’s Next’