Fifteen airlines are expected to operate international flights connecting numerous destinations with Da Nang from now until the end of the year, promising ample opportunities for the promotion and development of local tourism. These airlines will operate international routes from such countries as South Korea, Thailand, Singapore, Japan, and Malaysia, among others, to Da Nang with a total frequency of up to 90 flights per week, Ho Ky Minh, vice-chairman of the municipal People’s Committee, said on Monday. The Vietnamese coastal city recently collaborated with budget carrier Vietjet Air in opening five air routes to major cities in India and Singapore. In the first six months of this year, Da Nang has welcomed 286 international flights carrying 35,000 passengers, according to vice-chairman Minh. On June 24, the city received a record of 120 domestic and international flights, the official added. The local tourism sector has had a positive and breakthrough recovery with a … [Read more...] about 15 airlines to operate more intl’ flights to, from Vietnam’s Da Nang
Alaska airlines carry on measurements
Stock market faces bumpy ride in second half of 2022
The Ministry of Finance is working on amending and supplementing Decree No. 153/2020/ND-CP on private offering and trading of corporate bonds in the domestic and international markets. — Photo baogiaothong.vn The Vietnamese stock market has gone through nearly half of 2022 with turbulence and remarkable events, especially the Government's crackdown on illegal activities manipulating the market. At the moment, the market is struggling as both liquidity and the benchmark index fall sharply. Experts said that monetary policy tightening from the US Federal Reserve (Fed), prolonged Russia-Ukraine conflict and China's zero COVID policy will indirectly affect the country's stock market. Stock market crackdown In the first half of 2022, many big business owners such as Do Thanh Nhan, Chairman of the Board of Louis Holdings Group and Le Anh Dung, President of Tan Hoang Minh Group, were arrested for illegal activities in the stock and corporate bond market. These cases showed the … [Read more...] about Stock market faces bumpy ride in second half of 2022
EU supporting comprehensive implementation of the EVFTA
Peter Bernhardt, team leader of the ARISE+ Vietnam project Since coming into force in August 2021, the EU - Vietnam Free Trade Agreement (EVFTA) has become an effective tool for boosting trade ties between the EU and Vietnam. What should Vietnam pay attention to in order to benefit more from this deal? I agree that the overall picture of EVFTA performance in this starting period, where exporters and government authorities from both sides have to adapt to the new situation, looks definitely promising. The EVFTA is the most ambitious FTA that the EU has ever signed with a developing country. The deal will mutually lift about 99 per cent of the tariffs within 10 years. Duty was lifted from 65 per cent of EU exports to Vietnam and 71 per cent of Vietnamese exports to the EU, immediately after the EVFTA came into effect. As most Vietnamese exporting products are consumer products, the real challenge Vietnam exporters will face to comply with EU consumer protection regulations is … [Read more...] about EU supporting comprehensive implementation of the EVFTA