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The first, Vinpearl Quang Nam, will be built by Vinpearl JSC, the resort arm of Vingroup, Vietnam’s largest private conglomerate, in central Quang Nam province over an area of 70.35 hectares. The project, planned to operate for 50 years, will cost VND500 billion ($21.51 million), and is expected to complete construction within 12 months. The second golf course will be built in the northern province of Lao Cai over an area of 80 hectares, by the Fansipan Sapa Cable Car Co., Ltd., which operates aerial cable cars on Fansipan mountain, the highest peak in Indochina. The project will cost VND550 billion ($23.66 million), of which around three-fourth, or VND400 billion ($17.21 million), will be borrowed, and the builder will contribute at least VND110 billion ($4.73 million), according to the project’s approval license. This golf course is expected to operate for 70 years, and come into operation within two years. Both golf courses have been added to the government’s Golf … [Read more...] about Government okays two new multimillion dollar golf courses

The private airline had in March proposed to increase its fleet from maximum 10 to over 30 in order to meet rising travel demand in the country. But the Civil Aviation Authority of Vietnam (CAAV) has said that permission for this proposal should be considered carefully, based on market demand, Bamboo Airways’ capability to operate that many aircraft, as also the CAAV’s own ability to manage them. As Bamboo Airways has announced plans to expand its fleet, the CAAV has asked the airline to explain where it gets the budget for purchasing them, and its plans to employ enough personnel for the expansion. The CAAV also said that with its current resources, it can only manage 256 aircraft belonging to Vietnamese carriers. If Bamboo Airways begins operating 40 aircraft this year, the CAAV will have to manage a total of 277 aircraft, exceeding its capability by 21 units. The CAAV is waiting for Bamboo Airways’ explanation before reporting to the Ministry of Transport its … [Read more...] about Bamboo Airways fleet expansion plan runs into overreach concerns

The delay of three months over the original schedule was required as they awaited investment approval from Prime Minister Nguyen Xuan Phuc, Thien Minh Group chairman Tran Trong Kien told VnExpress Monday. The Transport Ministry had in September voiced support for the establishment of KiteAir, but required that it be more specific in its plans to make profits, as the airline had envisaged a loss of VND350 billion ($15 million) in the first three years of its operations. KiteAir is set to be headquartered in the central province of Quang Nam with a charter capital of VND1 trillion ($43 million), entirely invested in by Thien Minh Group. It plans to operate six short-haul ATR-72 aircraft with a capacity of 78 seats in the first year of operation, and expand the fleet to 30 jets by the fifth year, including 15 narrow-body Airbus A320/321 aircraft. The Transport Ministry has also supported the establishment of two other airlines, Vinpearl Air, a unit of private conglomerate … [Read more...] about New carrier KiteAir plans June takeoff

The national flag wants to buy 50 Airbus A3210/321 or Boeing 737 MAX 8/9/10 aircraft in 2021-2025 at a cost of VND88.13 trillion ($3.83 billion). It seeks to replace its 26 existing aircraft and expand the fleet by 24, with four or five airplanes delivered every year. But the ministry said the airline needs to furnish information about the routes it plans to use the new aircraft on and detailed plans about hiring more staff to operate them. It warned against the purchase of Boeing 737 MAX 8 saying it is still unclear whether the grounding of the model would be reversed. The carrier also needs to consider that technical issues have been reported in some Pratt Whitney engines used in Airbus A320/321 NEO by some airlines, the ministry said. Vietnam’s surging travel demand has caused airlines to expand their fleets. Bamboo Airways has inked a deal with Airbus to buy 50 aircraft, while Vietjet last month signed a $140 million loan with foreign banks to finance its Airbus … [Read more...] about Vietnam Airlines asked to spell out details of plan to buy 50 jets

  Japanese guitar artist Kozo Tate. He  will perform with two Vietnamese artists Lê Hoàng Minh and Phan Xuân Trí in Đà Nẵng Guitar Concert 2019 at the city's Nguyễn Hiễn Dĩnh Theatre on Friday. Photos courtesy Culture and Cinema Centre. ĐÀ NẴNG – Japanese guitarist Kozo Tate and two Vietnamese artists Lê Hoàng Minh and Phan Xuân Trí will perform at the Đà Nẵng Guitar Concert 2019 – Three centuries of Guitar Masterpiece – at the Nguyễn Hiễn Dĩnh Theatre on Friday. The city’s culture and cinema centre said the three guitarists will show off solo and trio performance at the one-night event from 8pm to 9.30pm. Kozo, who started his international guitar course in 1976, will play Sonatina by Federico Moreno Torroba, and Baden Jazz Suite in his solo, while Trí will display Fantasia, Prelude Op BWV 998 of J.S. Bach; Lob Der … [Read more...] about Guitar Concert planned in Đà Nẵng