Vietnam National Administration of Tourism, Vietjet sign MoU At the MoU signing ceremony (Photo: hanoimoi.com.vn) The Vietnam National Administration of Tourism (VNAT) and Vietjet Air signed in Hanoi on March 28 a Memorandum of Understanding on cooperation for 2019 – 2021. Under the MoU, the two sides will work together to increase promotion on mass media; introduce publications, documents and market researches; cooperate in an international tourism fair and Vietnamese tourism abroad; and organise domestic destination surveys and events. The MoU provides travel opportunities and convenience for Vietnamese people and international tourists, connecting Vietnam to destinations around the world, where Vietjet has direct flights. This is also a concrete effort to contribute to the implementation of the growth target plan assigned by the Prime Minister to welcome about 18 million international visitors to Vietnam in 2019. With a wide flight network of 39 domestic routes and 69 … [Read more...] about BUSINESS NEWS IN BRIEF 29/3
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BUSINESS NEWS IN BRIEF 21/2
Ninh Thuan greenlights tourism projects Ninh Thuan Province People’s Committee has granted principle approvals for two large-scale tourism projects, worth a total VND2.5 trillion (US$107.3 million). Financed by Royal Ninh Thuan development and investment joint stock company, the 87.5ha tourism complex will be developed at Phuoc Diem Commnue, Thuan Nam District. It will comprise a five-star hotel with 500 rooms, 100 high-end villas and a convention centre, restaurants and an entertainment area. The complex, worth VND2 trillion, is slated for completion in June, 2022. Meanwhile, the second project — invested by Ninh Thuan international tourism joint stock company — will cover 6.56ha at Khanh Hai Town, Ninh Hai District. Worth VND550 billion, the complex will include a five-star hotel providing between 200-300 rooms, villas and food streets. It is expected to be finished in December, 2021. Ninh Thuan is seeing rising interest from investors thanks to its potential for … [Read more...] about BUSINESS NEWS IN BRIEF 21/2
BUSINESS NEWS IN BRIEF 19/11
Vietnam Airlines receives first Airbus A321neo plane The national flag carrier Vietnam Airlines has received its first Airbus A321neo from US-based Aviation Capital Group (ACG) in Hamburg, Germany earlier this week. The new aircraft will be used for domestic flights and routes connecting destinations in Southeast Asia. It is among the 20 new-generation A321neo planes the airline plans to lease from the ACG, ICBC Leasing of China, and US-based Air Lease Corporation (ALC), expected to be fully delivered by the end of 2019. These planes will help expand its aircraft fleet to about 110 in 2020. Khanh T. Tran, president and CEO of ACG, expressed his delight at the delivery and stressed the company looks forward to Vietnam Airlines operating these highly fuel-efficient aircraft in their growing route network. For his part, Vietnam Airlines’ president and CEO Duong Tri Thanh said his firm selected the Airbus A321neo for its exceptional operational performance with 15-20 percent … [Read more...] about BUSINESS NEWS IN BRIEF 19/11
BUSINESS NEWS IN BRIEF 18/11
Edelweiss launches Zurich-HCMC air service Vinalines to auction shares of its subsidiary Viet Nam National Shipping Lines (Vinalines) will auction over 13.44 million shares of its holding in Viet Nam Transport and Chartering Joint Stock Company (Vitranschart) on December 5, the Ha Noi Stock Exchange has announced. The shares, accounting for a 22.03 per cent stake of Vitranschart, will be auctioned at the Ha Noi bourse at the starting price of VND1,200 (5 US cents) a share. Vinalines is currently Vitranschart’s parent shareholder with a total of 35.4 million shares, equivalent to 58 per cent of the firm’s voting shares in circulation. Currently, Vitranschart is trading at VND700 per share, and there is almost no matched stock in recent sessions. Vitranschart reported a loss of more than VND182 billion in the first nine months of 2018. Although this figure was VND40 billion lower than in the same period last year, the loss contributed to raising the accumulated … [Read more...] about BUSINESS NEWS IN BRIEF 18/11
BUSINESS NEWS IN BRIEF 21/10
Samsung concludes third training course for Vietnamese consultants Samsung Vietnam and the Ministry of Industry and Trade (MoIT) rounded off its third training course for Vietnamese consultants in the supporting industry with a ceremony in Ho Chi Minh City on October 19. Speaking at the ceremony, Truong Thanh Hoai, Director of the MoIT’s Heavy Industries Department, pointed out some of the industry’s weak points in terms of competitiveness and spare parts materials, attributing them to the limited management and investment capacity of local companies. He said the Government and other relevant ministries have issued many policies to support the growth of the sector, adding that Samsung’s courses are an important part of such efforts. Eight courses of this kind are scheduled to take place in 2018 and 2019, each lasting for three months, aiming to train 200 consultants in total. They are part of a memorandum of understanding (MoU) between the MoIT and Samsung … [Read more...] about BUSINESS NEWS IN BRIEF 21/10