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Cam Ranh International Terminal Company announced on May 19 that budget airline Vietjet Air of Vietnam will re-operate an air route connecting Cam Ranh airport (Khanh Hoa) and Incheon airport (Republic of Korea). According to the plan, VietJet Air will run two flights a week, every Wednesday and Friday, on the air route, starting on May 20. Cam Ranh airport is scheduled to receive plane coded VJ837 carrying approximately 160 passengers on board from Incheon at 13:15 on May 20, kick-starting the resumption of the route. Meanwhile, a Cam Ranh – Incheon plan is scheduled to take off at 02:55 on May 20, carrying 33 passengers on board. Vietnam announced a decision to reopen its borders to international travelers as of March 15, and the resumption of the Cam Ranh –Incheon air route is expected to support tourism recovery in Khanh Hoa province. … [Read more...] about VietJet Air resumes Cam Ranh – Incheon air route

A panel discussion at the conference on strengthening ‘Public-Private Partnership for sustainable healthcare transformation’ in Hanoi on May 18. (Photo: VNA) Opening the event, the newspaper's editor-in-chief Le Trong Minh said that Vietnam's health sector faced many challenges, such as increasing infectious and non-communicable diseases, hospital overcrowding, shortage of supplies and equipment, the ageing population as well as the disparity between regions and healthcare levels in terms of quality of medical services and standardisation of modern equipment. “For the health system to be capable and always ready to respond to future situations, towards a comprehensive and sustainable health care system, it is necessary to have new investment orientations in social resources for the health system, as well as stronger cooperation from the parties involved, including the Public-Private Partnership (PPP) method,” said Minh. At the event, MPI deputy minister Tran Duy Dong said it … [Read more...] about Conference discusses Public-Private Partnerships in healthcare

Gold is yet again becoming a safe haven asset, and some customers want more ways to get involved, Le Toan The World Gold Council (WGC) believes that the appetite for gold is often hampered by the interest rate, as when interest rates rise, gold loses its appeal. However, inflation is also a tailwind to gold demand as a common safe-haven asset. The USD tends to weaken when the Fed raises interest rates, which enhances gold’s demand. “Furthermore, what happens in China’s consumer market has had a big impact as it’s the world’s largest consumer market for gold. We expect China to start to emerge from the worst of the pandemic and that will support consumer demand,” the WGC noted last week. “It is difficult to predict how the geopolitical situation will play out. It depends on where inflation goes, but inflation is certainly the biggest driver at the moment, which will probably support institutional investment demand in the next quarter.” Meanwhile, the demand for gold in Vietnam … [Read more...] about Gold appeal sparkles amid rise of inflation

Flexibility is required in handling raw material issues for power plants and easing coal supply pressures, Photo: Shutterstock Thai Binh Thermal Power Plant under Electricity of Vietnam (EVN) has been in a coal shortage since the beginning of 2022. Ta Trung Kien, director of the plant, said that the volume of coal delivered “has been reduced significantly” compared to the signed contract. Vinacomin Group and Dong Bac Corporation – two of the coal suppliers for the Thai Binh Thermal Power Plant – delivered only just over 74 per cent of the monthly plan. “The two units of our plant need about 6,400 tonnes of coal per day. Due to a lack of coal, the plant was forced to use backup coal to maintain the operation. By the end of the first quarter, these reserves were at just about 14,000 tonnes, much lower than the required norm of 80,000 tonnes,” Kien said. Many other plants are facing similar problems, including Nghi Son 1, Vung Ang 1, Vinh Tan 2, and Duyen Hai 1, which currently … [Read more...] about Nation lacking coal supply for sufficient power generation

Nguyen Tuong Vy-Mai Thi Bich Tram bag a gold medal in women’s Katame No Kata event with 402.5 points (Photo: VNA) Hanoi (VNA) – The Vietnamese judo team had a good start at the 31st Southeast Asian Games (SEA Games 31) on May 18 with two gold, one silver and one bronze medals in the men’s Kodokan Goshin Jutsu and women’s Katame No Kata events. In the men’s Kodokan Goshin Jutsu, the couple of Tran Quoc Cuong-Phan Minh Hanh pocketed a gold medal with 550.5 points, while another couple of Nguyen Cuong Thinh-Ha Minh Duc came second with 534 points and won a silver medal. Meanwhile, Nguyen Tuong Vy -Mai Thi Bich Tram bagged a gold medal in women’s Katame No Kata event with 402.5 points. Fighter Nguyen Thuy Hai Chau injured her leg, which affected her performance with teammate Tran Le Phuong Nga and they only won a bronze medal. SEA Games 31 ’s judo comprises 13 events, including 10 for individuals, one for teams and two kata events. Competitions will continue on … [Read more...] about SEA Games 31: Vietnamese judokas win two gold medals in first competition day

Ho Chi Minh City transport authorities have requested that measures be taken to prevent commercial passenger transport companies from overcharging their passengers at Tan Son Nhat International Airport. In a dispatch sent to the airport authority and agencies concerned on Wednesday, the municipal Department of Transport asked that steps be taken to prevent passengers from being fleeced, including regular inspections of such vehicles. Strict punishments must be given to any firms which claim higher transport charges than their quoted rates, the department said. The move was made after passenger Dr. Le Dang Doanh, former head of the Central Institute for Economic Management, was asked by a commercial car driver to pay nearly VND200,000 (US$8.65) for his three-kilometer trip from the airport to a hotel. Dr. Doanh said he took a passenger car operated by the Southern Airport Transportation Joint Stock Company (SATSCO) for his trip after his flight touched down at the airport last … [Read more...] about Transport authorities request oversight of commercial cars at Saigon airport following overcharging accusation