Why airline industry is in loss

The factory of the Far Eastern New Apparel Vietnam Co. Ltd in Bac Dong Phu Industrial Park of Binh Phuoc province (Photo: VNA) Binh Phuoc (VNA) – Binh Phuoc , a province in the southern key economic region , recorded a trade surplus of nearly 700 million USD in first half of 2022, according to the provincial People’s Committee. The administration said thanks to proactive moves to ensure material supply for manufacturing and diversify export markets, local businesses have maintained the strong recovery trend and enjoyed good exports growth. They exported over 1.95 billion USD worth of goods in H1, rising 23.26% from a year earlier and equivalent to 50.74% of this year’s target. Meanwhile, the import turnover stood at 1.26 billion USD. The People’s Committee noted though there remain difficulties in export markets and goods flows, thanks to the experience gained during the long social distancing period in 2021, businesses have gradually ensured material supply … [Read more...] about Binh Phuoc posts nearly 700 million USD in H1 trade surplus

The Business Climate Index is the leading indicator of the European business and investment community in Vietnam. European businesses in Vietnam expressed their positiveness about Vietnam’s prospects for green growth, according to the latest Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and YouGov Vietnam. CEOs of European businesses gather an event in Ho Chi Minh City last April. Photo: EuroCham According to the BCI, nearly 80% of participants said their assessment of Vietnam’s green development potential improved from the first quarter of this year. About 44% of the respondents have good and excellent outlook regarding the potential for Vietnam’s green and sustainable development. Regarding the link between green growth and foreign-direct investment (FDI), nearly 90% of the respondents believed Vietnam should accelerate green sector development to attract more foreign investment. EuroCham Chairman Alain … [Read more...] about European businesses positive about Vietnam’s prospects for green growth

At the  HCMC Party Committee's 13 th  meeting (photo:SGGP) Tomorrow, the one-day conference will concentrate on the discussion and assessment of reports relating to implementation results of the socio-economic plan and the Party building work in the first six months of 2022, solutions that will be carried out in the second half of the year. According to the Ho Chi Minh City People's Committee, in the first six months of the year, Ho Chi Minh City's socio-economy continued to recover strongly with V-shaped growth and it has been maintained stably. HCMC continues to well control the Covid-19 pandemic situation, consolidate the conducted health strategy, and associate the health strategy with other strategic activities and plans. Many cultural, literary and artistic activities brought pervasiveness, especially programs to celebrate public holidays. As for the diplomatic task, political security and social order and safety have continued to be maintained. In the first six months … [Read more...] about 15th plenary conference of HCMC Party Committee to open on July 5

Chairman of the HCMC People’s Committee Phan Van Mai (R) and Frankfurt Mayor Peter Feldmann at the meeting. (Photo: VNA) Mai said HCMC views Frankfurt as one of the key foreign localities in its external relations. He noted as there remains much potential for bilateral cooperation, the two sides should step up partnerships in trade, investment, information technology, science, environmental protection, and tourism. Meanwhile, Feldmann expressed his hope that in the time ahead, the two cities will further intensify exiting relations and expand cooperation to the areas matching HCMC’s interest and Frankfurt’s strength such as information technology, education, and environmental protection. During their working trip, the Frankfurt delegation will attend the opening ceremony of the city’s representative office in HCMC and an international automotive industry exhibition. They will also visit some German enterprises operating in the southern economic hub of Vietnam. VNA … [Read more...] about HCMC hopes for stronger ties with Germany’s Frankfurt city

The Hanoi Opera House has been selected as a destination for culture and tourism. According to the Ministry’s plan, a 30-minute program and an hour-long program would be performed by actors and actresses at theaters such as Vietnamese Cheo, Vietnamese Tuong, Vietnamese Dance and Music. The Ministry expected that a combination of musical performance and a cultural tourism product with Vietnamese identity will attract more holiday-makers to the country. Moreover, artists can earn extra income and the tourism industry also has more experience products for visitors. After the initial enthusiasm, everything was confused because the performance was not as good as an expectation; hence, travel agencies were not interested in it and the project has been also gradually unsuccessful. After two years of the Covid-19 epidemic, when theaters reopened and the tourism sector revived with more travelers, artists returned to look for opportunities from tourists. However, leaders of the art … [Read more...] about Project of combination on theater and tourism unsuccessful

The administration said thanks to proactive moves to ensure material supply for manufacturing and diversify export markets, local businesses have maintained the strong recovery trend and enjoyed good exports growth. They exported over USD 1.95 billion worth of goods in H1, rising 23.26% from a year earlier and equivalent to 50.74% of this year’s target. Meanwhile, the import turnover stood at USD 1.26 billion. The People’s Committee noted though there remain difficulties in export markets and goods flows, thanks to the experience gained during the long social distancing period in 2021, businesses have gradually ensured material supply and kept supply chains uninterrupted, thus fulfilling export orders. Meanwhile, the index of industrial production increased 22% year on year in the six months, helping Binh Phuoc achieve a growth rate of 6.91% to rank second the southeastern region and 35th in Vietnam. In particular, the processing - manufacturing industry expanded by 23.4% and … [Read more...] about Binh Phuoc posts nearly USD 700 million in H1 trade surplus

Around 1 p.m., power went out in Hanoi’s inner districts like Ba Dinh, Cau Giay, Nam Tu Liem, Hai Ba Trung, and Hoang Mai. Nghia, manager of an office building in the Cau Giay District, stated that the power was restored after about 30 minutes. However the voltage spiked to more than 240 kilovolts (kV), causing some electrical equipment to be damaged. The damage is being assessed by building management. An employee of a media company in Hai Ba Trung District reported that while eating lunch at the office, power suddenly went out then came back on and then went out again. The loss of power recurred 10-15 minutes, causing many company equipment to be "turned on and off multiple times." Hanoi University of Science and Technology, located in Hai Ba Trung District, had to announce that "the entire school lost power due to a power grid failure in the city. We hope teachers and students understand for this inconvenience." The power was restored around 2:40 p.m., and normal … [Read more...] about Northern Vietnam hit by massive power outages

Thanh Cong Textile Garment - Investment – Trading JSC in Tan Phu District is in need of more than 1,000 workers. The employees are to make up for those that have already submitted their resignation and to serve the company’s plan to expand 20 of its branches in various cities and provinces. Yet the company has had trouble recruiting new employees unwilling to work on assembly lines and deal with the pressure of meeting product quality and quantity. Nguyen Huu Tuan, the firm’s human resource manager, said the textile-garment sector is no longer attractive to laborers. He said "a significant number" of staff at the company has either quit or is about to, without revealing the specific figure. In most cases, those employees switch to work in other industries that can guarantee them higher salaries or move back to their hometown now that the living cost in the city has grown increasingly expensive. "With a monthly income of VND8-9 million ($340-385), workers would not be able … [Read more...] about HCMC short of textiles, footwear labor

RECMA - a worldwide research company specializing in agency evaluation recently published a report about agencies in the Vietnam market. In this report, Brancher.X is rated first among the "Top 5 High Profile Agency" (Top 5 most capable agencies in Vietnam). RECMA is an independent research organization that makes assessments about the Agency market. Every year, RECMA publishes ranking of Media Agencies in 60 different markets around the world. In 2022, RECMA's market report assessed the major media agencies in Vietnam, and Brancher.X was selected as Agency with the highest business momentum and potential in the Vietnam market. Recma Ranking VietNam Market 2022 (Source: Report from RECMA 2022) This result is based on many evaluation criteria such as client portfolio growth, growth rates, expert staff, changes and stability of CEOs and head of expertise, competitiveness in pitches, market share, awards… With the rigorous survey of RECMA, Brancher.X was rated as the top Media … [Read more...] about Brancher.X rated the most capable Media Agency in Vietnam by RECMA

Winners of BCI top 10 Developers Award 2022 for Viet Nam. — Photo courtersy of BCI Viet Nam’s top ten property developers and architecture firms were recognised at the the BCI ASIA Award ceremony held in HCM City on June 30. The portfolios of the top developers for 2022 are valued at US$1.82 billion, while those of the 2022 elite architecture firms comprise $9.71 billion worth of properties scheduled to start construction in Viet Nam this year. These firms were chosen based on the greatest aggregate value of projects under construction during the last full calendar year. At the ceremony, the Top 10 Developers Award 2022 for Viet Nam was given to BCG Land Joint Stock Company, BRG Group, BW Industrial Development JSC, CapitaLand Development (Vietnam), Danh Khoi Joint Stock Company, Flamingo Holding Group, Hoang Huy Group, Hung Thinh Land Joint Stock Company, Nam Long Investment Corporation, and Vinhomes JSC. The BCI Asia Top 10 Architects Award 2022 was won by Alinco Ltd, … [Read more...] about BCI Assia Awards honors top architecture, real estate firms