Vietnam airlines upgrade cost

Passengers on Vietnam Airlines ' flight were welcomed with a cloth bag and card conveying the message of environmental protection, all made from environment lly-friendly materials. (Photo courtesy of Vietnam Airlines) Hanoi (VNA) – The national flag carrier Vietnam Airlines has participated in "The Sustainable Flight Challenge" (TSFC) programme, launched by SkyTeam Airline Alliance, with the first flight from Hanoi to the Republic of Korea’s Seoul. The programme aims to encourage ideas for aviation sustainable development , further reduce aviation’s impact on the environment and spur breakthrough ideas that can be shared across the industry. It has drawn the participation of 16 airlines from many countries including the United States, France, Italy, the Netherlands, Spain, China and the Republic of Korea. Participating carriers will be judged across 14 categories by an international panel of judges with members who are experts from related fields. The winners … [Read more...] about Vietnam Airlines joins SkyTeam’s Sustainable Flight Challenge programme

TSFC is a program to boost initiatives of developing the aviation industry which was launched by SkyTeam, a global airline alliance with members being the world's large airlines. The program aims to find airlines operating the most eco-friendly commercial flight along with the most sustainable development. The airlines will be assessed on 14 items by International Examiner Council, experts, leaders of the aviation sector. The winner shall be honored at a special event in this June. The Sustainable Flight Challenge has attracted participation of 16 airlines from different countries, including the United States, France, Italy, the Netherlands, Spain, China, the Republic of Korea and so on. In the first activity, the airlines will perform flights with a long distance of over 5,000 kilometers, 1,500-to-5,000-kilometer medium distance to receive assessment on effective exploitation and environment protection on the flight routes. As for Vietnam Airlines, the national flag carrier … [Read more...] about Vietnam Airlines, 15 other airlines to take part in Sustainable Flight Challenge

Patrick Lenain-Former assistant director Organisation for Economic Co-operation and Development Pressures on global supply chains are also a key headwind in the recovery. Supply chain disruptions are not new: health precautions imposed over the last two years have already caused major bottlenecks. Major shipping hubs such as Los Angeles and Shanghai have operated with reduced capacity, with long waiting times to get shipments processed across the borders. With the pandemic fading away, congestion in international supply chains has eased a bit since December 2021. In the United States, government agencies have worked with shippers, retailers, and port authorities to speed up the movement of goods. For instance, ships waiting to unload containers in US ports have declined by 35 per cent, thanks to 24/7 operations and large recruitment of workers. However, the lack of US truck drivers has emerged as a new problem. Action was taken to hire 30,000 additional truck drivers, … [Read more...] about Will international stress disrupt Vietnam’s economic recovery?

Prime Minister Pham Minh Chinh speaks at the conference (Photo: VNA) San Francisco - Prime Minister Pham Minh Chinh on May 17 (local time) attended a Vietnam-US trade, investment and tourism promotion conference themed ‘Rediscovering Vietnam’ in San Francisco. The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigon Tourists and Thien Minh Group – to boost the cooperation between enterprises of the two countries and to introduce Vietnam to US friends and partners. Addressing the event, PM Chinh highlighted the development of the Vietnam-US ties, benefiting both countries and contributing to peace, cooperation and development in the world. The Government leader affirmed that economic, investment, trade and science-education cooperation is an important pillar in the bilateral relationship. In the very challenging year of 2021 due to the COVID-19 pandemic, two-way trade still reached 112 billion USD, accounting for nearly … [Read more...] about PM urges US businesses to invest in tourism and trade in Vietnam

"Vietnam has brought the pandemic under control and resumed tourism and aviation activities. The first group of foreign travelers returning to Vietnam after the country reopened its borders from March 15 was from the U.S.," Chinh told a conference on trade, investment and tourism promotion between Vietnam and the U.S. in San Francisco on May 17. Before the pandemic, the U.S. was among the 10 largest source markets of Vietnam's tourism. In 2019, there were over 746,000 American tourists visiting Vietnam and the average growth rate during the 2014-2019 period was 11 percent. A Vietnam Airlines spokesman told the conference the national flag carrier now operates four weekly flights between San Francisco and Ho Chi Minh City, using Airbus A350 and Boeing 787 craft and it plans to operate daily flights between both cities from next year. A representative of hospitality group Thien Minh said the company is ready to operate luxury tours to the U.S. for Vietnamese travelers from this … [Read more...] about PM calls for American investors to boost tourism cooperation with Vietnam

The Vietnamese Prime Minister calls on US investors to continue cooperating with the Vietnamese partners to promote business activities. Economic cooperation between the US and Vietnam has the potential to develop further, with a priority given to capital market development, digital transformation, energy transformation, climate change response, tourism and trade. An overview of the conference. Photos: Vietnam Airlines Prime Minister Pham Minh Chinh gave the remarks at a trade-investment-tourism promotion conference with the theme “Rediscovering Vietnam” on May 17 in San Francisco, the US. The event took place within the framework of the Prime Minister’s official visit to the US. At the event, the Vietnamese Prime Minister wished the US partners to support Vietnam in policy consultation, capital sources, the development of human resources and infrastructure systems, technology, and governance. With the topic “Rediscovering Vietnam”, the conference … [Read more...] about Vietnam, US look to boost economic cooperation

The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigon Tourists and Thien Minh Group – to boost the cooperation between enterprises of the two countries and to introduce Vietnam to U.S. friends and partners. Addressing the event, PM Chinh highlighted the development of the Vietnam - U.S. ties, benefiting both countries and contributing to peace, cooperation and development in the world. The Government leader affirmed that economic, investment, trade and science-education cooperation is an important pillar in the bilateral relationship. In the very challenging year of 2021 due to the COVID-19 pandemic, two-way trade still reached 112 billion USD, accounting for nearly one-third of the total U.S. - ASEAN trade turnover. The U.S. is Vietnam’s second largest trade partner while Vietnam is the U.S.’ 9th largest, he noted, adding that trade between the two countries has contributed to making Vietnam one of the 20 largest import-export countries … [Read more...] about PM urged U.S. businesses to invest in tourism and trade in Vietnam

Aiming to become one of the top 10 banks in ASEAN, Vietnam’s Techcombank is prioritizing sustainable growth over the long term, even as the bank delivered another year of sizzling hot growth in 2021. The rate of Techcombank’s rise within the Vietnamese banking industry was highlighted last year when it became the first non-state-owned bank to join Vietnam’s “billion-dollar profit” club. “Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us to deliver stellar performance year after year,” said Jens Lottner, CEO of Techcombank. Last year, the lender continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a “stable and cheap” source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 percent in 2020 to 50.5 percent last … [Read more...] about Vietnam’s Techcombank is on track for seat at top table of ASEAN banks

Institutions have become a major impediment to the nation’s aspiration to reach high income by 2045. Vietnam needs to shift its economic growth model and improve the government’s capacity to implement economic policy reforms and public investments, realizing its aspiration of reaching high-income status by 2045, a World Bank Group report says. Overview of the report launch. The World Bank Group’s Systematic Country Diagnostic Update, themed "How Will Vietnam Blossom? Reforming Institutions for Effective Implementation,” emphasizes that Vietnam's traditional growth model faces major challenges from the Covid-19 pandemic, slowing globalization, and the country’s increasing vulnerability to external shocks, especially climate risks. After identifying a series of policy responses and reform priorities, many of which are not new, the report argues that adapting institutions will be the key to success. “Vietnam’s GDP per capita has increased fivefold over the … [Read more...] about Effective policy implementation crucial for Vietnam to reach high-income status by 2045: WB

An overview of the event to launch the report (Photo: WB) Hanoi (VNA) - For Vietnam to realise its aspiration for reaching high income status by 2045, the country will need to shift its economic growth model and sharply improve the government’s capacity to coordinate and implement economic policy reforms and public investments, a World Bank Group report says. The World Bank Group ’s Systematic Country Diagnostic Update , entitled "How Will Vietnam Blossom? Reforming Institutions for Effective Implementation”, emphasises that Vietnam's traditional growth model faces major challenges from the COVID-19 pandemic, slowing globalisation, and the country’s increasing vulnerability to external shocks, especially climate risks. After identifying a series of policy responses and reform priorities, many of which are not new, the report argues that adapting institutions will be the key to success. Vietnam’s GDP per capita has increased five fold over the past three … [Read more...] about Vietnam should shift economic growth model for further development: WB report