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National carrier Vietnam Airlines remained in the red in the first quarter of this year, with losses of nearly US$113 million, despite its revenue rising to a two-year high. The airline posted a loss of VND2.621 trillion ($112.9 million) over the first three months of 2022, according to its Q1 consolidated financial statements issued on Friday. The loss was recorded even though the flag carrier logged revenue of more than VND11.6 trillion ($500 million) in the period, up 55 percent year on year, the highest performance since the second quarter of 2020, when COVID-19 began to severely affect Vietnam’s aviation industry. The impressive revenue failed to cover the total cost that was higher than expected, leading to the firm’s ninth consecutive quarterly loss, the carrier said. Vietnam Airlines’ fuel expense in the quarter was VND465 billion ($20 million) more than projected given rising world oil prices, VnExpress cited the company as saying. The Q1 result has brought the … [Read more...] about Vietnam Airlines suffers $113mn Q1 loss despite revenue surge

Passengers on the first Vietjet Air flight from Seoul to Nha Trang. (Photo: vietjetair.com) Hanoi (VNA) – Celebrating a vibrant summer and welcoming life back to Vietnam's famous paradise beaches, budget carrier Vietjet has officially reopened flights connecting Seoul and Nha Trang, Phu Quoc and Hai Phong. The first flight back to Nha Trang from Seoul on May 20 was greeted with a water cannon salute, flowers and gifts, showing Vietnam’s warm hospitality to visitors. Vietjet plans to relaunch services from Seoul to Phu Quoc and Hai Phong and vice versa this May, raising the total routes linking Vietnam and the Republic of Korea to six, given that the two countries are expecting a new wave of tourists from both sides, after the RoK announced the resumption of short-term tourist visas for foreigners from June 1. There are currently three Nha Trang - Seoul (Incheon) round-trip flights weekly, on Wednesdays, Fridays and Sundays. Starting from May 21, Vietjet … [Read more...] about Vietjet reopens flights between Seoul and Vietnam’s beach destinations

An employee passes electronic boards showing share prices inside Hồ Chí Minh Stock Exchange in HCM City. — VNA/VNS Photo Hữu Khoa HÀ NỘI — An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts. Recently, the Government has directed to purge the market and improve the trading system’s capacity, showing its determination to enhance the quality of the stock market. The refinement is to protect investors and open a door for the Vietnamese stock market to be upgraded from a frontier to an emerging market. Prime Minister Phạm Minh Chính has taken an interest in the development of the capital market and the stock market, including the matter of upgrading the market. During a trip to attend the ASEAN-US Special Summit, on May 16, the PM visited the New York Stock Exchange (NYSE) – the largest stock exchange in the world – hoping it supports and shares experience to … [Read more...] about Upgrading the market for the sake of all participants

In the letter, PM Chinh wrote, “I am very pleased that our country’s women’s football team has successfully defended the “queen” for the 7th time at SEA Games 31, including 3 times in a row. More than 2 months ago, when I met to congratulate and reward the women’s football team for their first excellent performance at the World Cup 2023, I wished “diamond girls” and “diamond coaches” of Vietnamese sports to achieve the highest results at the SEA Games 31 as their immediate goal. The medals of the women’s football team, as well as other sports, reflected the great sacrifice and their determination of overcoming difficulties. When the national flag is being raised, the national anthem is being played in the medal awarding moment, each of us is proud and wants to express our deep gratitude to the athletes, the coaches… Along with the Party and State, I call on organizations, individuals and businesses to pay attention to and support our country’s sports teams. I will have a meeting … [Read more...] about SEA Games 31: PM sends letter to congratulate Vietnamese women’s football team

Nguyễn Tiến Linh (9) and Nhâm Mạnh Dũng (17) celebrate after Dũng scored the only goal for Việt Nam. VNA/VNS Photo Quốc Khánh Peter Cowan HÀ NỘI – Việt Nam retained their SEA Games men’s football title on Sunday night, with a late, golden goal enough to see off bitter rivals Thailand by a goal to nil. The party began at Mỹ Đình Stadium in Hà Nội and surely went long into the night as the whole country celebrated their latest group of young heroes. The latest piece of silverware is yet another vindication of coach Park Hang-seo’s pragmatic methods, as while Việt Nam failed to entertain with their quality of play, he U23s still came away with the gold medal. Coach Park made three changes to the starting 11 that defeated Malaysia in the semi-final on Thursday, with Nguyễn Văn Tùng, Huỳnh Công Đến and Phan Tuấn Tài coming into the team. The passion of the rabid home crowd ensured the match was played in an atmosphere befitting of a final, but the quality of play in … [Read more...] about Golden Việt Nam defeat Thailand for SEA Games crown

HOÀNG HỒ HÀ NỘI — Trần Quyết Chiến proved why he’s the world number 3 in three-cushion carom after bettering Nguyễn Đức Anh Chiến in an all-Vietnamese final at Hà Đông Gymnasium on May 22. Despite being one of the best carom players, this is the first SEA Games gold medal for Chiến as this category is rarely held at the SEA Games. The final got off to a very even start with both players closely following each other on every point. However, against one of the world’s best, Anh Chiến couldn’t keep his momentum and missed a few tough shots when the match was getting more intense. And that Quyết Chiến left his compatriot far behind as the 38-year-old showed his class, scoring consecutive points to take a big 31-16 lead. Anh Chiến’s massive late effort helped the world top 20 player to narrow the gap to 35-24 before Quyết Chiến sealed the final with five world-class shots to be crowned the champion. With his first SEA Games title, Trần Quyết Chiến became the second Vietnamese … [Read more...] about Việt Nam triumph in three-cushion carom

Vietnamese players celebrate their victory. VNA/VNS Photo Bảo Ngọc HÀ NỘI — State leaders have congratulated the Vietnamese women's football team on winning the gold medal on May 21. President Nguyễn Xuân Phúc praised Huỳnh Như and her teammates for their successful competition, which brought endless joy to fans throughout the country. President Phúc also praised coach Mai Đức Chung, the coaching staff, and the players for their accomplishments. He thanked the sports fans for bringing the love of sport and national pride together at Cẩm Phả Stadium and across the nation, creating spiritual strength for the "female warriors" to go through each match, especially the final, to bring glory to the country, and pride for Vietnamese women's football. Shortly after the final match, Prime Minister Phạm Minh Chính sent a letter of congratulations to the Vietnamese women's soccer team. PM Chính expressed his delight that the players successfully … [Read more...] about PM congratulates Vietnamese women’s football team

Phạm Thị Kim Thương wins the women’s 800m surface, making her time of 7:19.18 a new height. VNS Photo Đoàn Tùng Thanh Hà Athletes broke five records in six events of finswimming at the SEA Games 31's last competition day in Hà Nội on May 22. Indonesian Janis Rosalita Suprianto won gold and set a record in the women's 50m surface at 18.24sec. She was followed by Vietnamese duo Nguyễn Thị Thảo (18.49) and Phạm Thị Thu (18.39) The remaining four records went to Việt Nam, the most powerful team in Asia. Veteran Nguyễn Thành Lộc finished first in the men's 50m surface, setting a record of 15.60sec. Indonesian Wahyu Anggoro Tamtomo was second (15.83) and Thai Khet Chamnanwat third ( 16.120) Phạm Thị Kim Thương overcame all other rivals in the women's 800m surface, making her personal best of 7:19.18. Indonesian Andhini Muthia Maulida (7:28.67) and her compatriot Katherina Eda Rahayu (7:31.72) were second and third respectively. … [Read more...] about Finswimmers set new heights at Games

Nguyễn Ngọc Diễm Phương (in white) competes with Myat Neo Wai Chu of Myanmar in the mixed event at the SEA Games 31 on May 22. VNA/VNS Photo Quang Quyết Thanh Nga HÀ NỘI — The Thai judokas brought home the gold medal in the mixed event on May 22. The event was held at Hoài Đức Gymnasium in Hà Nội. In the final, Thailand competed with Indonesia with six pairs of athletes in six weight classes. Thailand defeated Indonesia 4-2 to take the gold. The Indonesian team won silver. The bronze medal went to Việt Nam as they defeated Myanmar 4-2. The Vietnamese team had Hà Thị Nga competing in the women's +70kg category, Nguyễn Châu Hoàng Lân in the men’s +90kg, Nguyễn Ngọc Diễm Phương in the women -57kg, Nguyễn Hải Bá in the men’s -73kg, Nguyễn Thị Hường in the women’s -70 kg and Lê Anh Tài in the men’s -90kg. Although it rained heavily, many fans came to the gymnasium to cheer for the martial artists. After five days of competition, Việt Nam topped … [Read more...] about Thai judokas take top spot in mixed event

Lê Thị Hiền celebrates winning the women's 60kg event. VNA/VNS Photo Tuấn Anh Thanh Nga HÀ NỘI — Việt Nam's vovinam proved their strength at the SEA Games 31 as the team topped the rankings after the final day of competition on May 22. The Vietnamese team won a total of six gold, six silver and two bronze medals to take the lead. Lê Thị Hiền brought home the only gold medal on May 22 in the women's 60kg event. In the qualifying round, the central province of Thanh Hóa-born player overcame Pech Chomno of Cambodia, and then defeated Zephania Ngaa Paga of the Philippines in the semi-finals. The final match between Hiền and Kesinee Tabtrai of Thailand was dramatic and fierce. With better skills and experience, Hiền won 5-2. Head coach of the national vovinam team, Nguyễn Tấn Thịnh, said that the big success that vovinam gained at the Games 31 was to widely promote its image to the public and international friends. Vovinam is now being received more and more actively … [Read more...] about Vietnamese vovinam tops team rankings