Vietnam Airlines had better net revenue in Q1. — Photo courtesy of the airline The national flag carrier Vietnam Airlines announced net revenue of VND11.6 trillion (US$504.3 million) in Q1, strong growth compared to the same period last year. The airline's revenue recovered, but its equity was still VND2.16 trillion as of March 31, 2022 In the revenue structure, domestic transportation revenue grew by 96.5 per cent and international transportation increased by 71 per cent. According to the financial report, the net revenue increased by 56 per cent over the same period last year, but Vietnam Airlines still suffered a gross loss of nearly VND1.6 trillion. Compared to the same period, gross losses decreased by 47 per cent. This year, the firm had a further income of VND121 billion dong from the liquidation of aircraft and the sale and leaseback of aircraft engines. Deducting expenses, Vietnam Airlines' net loss from business activities was VND2.7 trillion, the pre-tax loss … [Read more...] about Vietnam Airlines revenue recovers in Q1
Airline size carry on
Airlines sign co-operation agreement with Gia Lai Province
Bamboo Airways and leaders of Gia Lai Province signed the co-operation agreement. — VNA/VNS Photo Bamboo Airways and Vietnam Airlines have signed comprehensive cooperation agreements with the Central Highlands province of Gia Lai at the province’s investment promotion conference 2022 held in Pleiku City on Saturday. Accordingly, Bamboo Airways will co-ordinate and support Gia Lai Province to realise important goals, including strengthening the promotion of new direct flights to Gia Lai from key markets and maintaining available routes effectively; research and propose to develop potential international commercial routes to/from Gia Lai and pilot charter flights in the safe adaptation phase. Gia Lai will actively work closely with Bamboo Airways to regularly exchange information on tourism development plans, mechanisms and policies, creating favourable conditions for the airline to operate new routes to Gia Lai, supporting the promotion of tourism products and services as well … [Read more...] about Airlines sign co-operation agreement with Gia Lai Province
This year’s economic growth target of 6 percent-6.5 percent huge challenge
Deputy Prime Minister Le Van Thanh speaks at the third session of the 15th National Assembly On the morning of May 23, at the opening session of the third session of the 15th National Assembly, Deputy Prime Minister Le Van Thanh delivered a report on an additional assessment of the results of the implementation of the socio-economic development plan and the state budget in 2021 and that in the first months of 2022. Regarding additional results in 2021, the Government stated that 5/12 targets failed to meet the set goal. For instance, the gross domestic product growth rate reached 2.58 percent compared to the target of about 6 percent. Plus, GDP per capita reached US$3,680 against the target of $3,700, the contribution of total factor productivity to growth is about 37 percent compared with the target of 45 percent-47 percent, and the percentage of poor households with a multidimensional approach decreased by 0.52 percentage points compared to the target of 1-1.5 percentage … [Read more...] about This year’s economic growth target of 6 percent-6.5 percent huge challenge
Gia Lai seeks partnerships with Japan in agriculture, renewable energy, tourism
The Gia Lai Department for External Relations and the Japan - Vietnam Exchange Centre sign a cooperation deal at the workshop on May 22. (Photo: VNA) Gia Lai (VNA) – The Central Highlands province of Gia Lai held a workshop on May 22 to introduce its potential and seek chances for investment cooperation with Japan in agriculture, processing, renewable energy, and tourism. Ho Phuoc Thanh, Vice Chairman of the provincial People’s Committee, said Gia Lai is inviting investment to hi-tech agriculture, agricultural services, intensive processing, renewable energy, and tourism, which are among the pillars identified in its socio-economic development strategy for 2021 - 2030. Although most of local enterprises are of small or medium size, many are turning out products meeting European standards such as the Vinh Hiep Co. Ltd and the Dong Giao Foodstuff Export JSC, which were also the first of Vietnam to export to Europe under the EU - Vietnam Free Trade Agreement (EVFTA), he … [Read more...] about Gia Lai seeks partnerships with Japan in agriculture, renewable energy, tourism
Bulgarian Culture and Education and Slavic Language Festival observed in Vietnam
May 24 is one of Bulgaria’s most important days honoring the country’s traditional and modern cultural values, honoring teachers, students, and training institutions with great contribution to the establishment and development of Bulgarian education sector. The day is also to commemorate Bulgarian brothers Kiril and Metodi who created Slavic alphabet being used by around 20 countries in the world. Speaking at the ceremony, the Bulgarian Ambassador to Vietnam Marinela Petkova affirmed the significance of the celebration of the Bulgarian Culture and Education and Slavic Language Festival in Vietnam. She emphasized the important role of knowledge, education and cultural exchange in building long-lasting friendship among countries. Evaluating the bilateral relationship, the Bulgarian diplomat said that the efforts of leaders of the two countries in maintaining political dialogues and promoting the partnership in line with their potential, demand and strengths are clear proof of the … [Read more...] about Bulgarian Culture and Education and Slavic Language Festival observed in Vietnam
More favourable rule system urged for healthcare PPPs
Speakers at last week’s conference noted that dozens upon dozens of multinationals are interested in the healthcare PPP model in Vietnam. Photo: Chi Cuong At last week’s conference on the issue, hosted by VIR , Deputy Minister of Planning and Investment Tran Duy Dong said that Vietnam’s healthcare sector is facing a number of big issues, including rising infectious and non-communicable disease figures, hospital overload, and an ageing population. The pandemic has also revealed some weaknesses in the sector. “To further improve healthcare service quality and meet demand, mobilising financial resources for new development of infrastructure and medical equipment is a key requirement,” he noted. For the past five years, the government has looked to strengthen the implementation of a model for public-private partnerships (PPPs) for the public sector, including in healthcare services. However, according to VIR’s editor-in-chief Le Trong Minh, the picture of such investment in … [Read more...] about More favourable rule system urged for healthcare PPPs