Budget revenue

The Vietnam Air Traffic Management Corporation (VATM) held a ceremony on the morning of December 7 to welcome the flight coded VN216 from Tan Son Nhat airport to Noi Bai airport, the 900,000th safe flights operated by VATM in 2019. Deputy Minister of Transport Le Anh Tuan said that the 900,000th flight is an important milestone, demonstrating the maturity of the Vietnam aviation. “In the coming years, the VATM should apply advanced aviation technology and science to enhancing the management capacity and the safe handling of flights to meet the increasing air transport demand,” Anh said. VATM Chairman Pham Viet Dung said that approximately 963,000 flights are estimated to be operated by VATM by the end of 2019, up 7% compared to 2018, bringing about VND4.1 trillion (US$176.38 million) in revenue, up 6.23% compared to 2018. Dung noted that more than 2,500 flights are operating in the skies of Vietnam every day. Vietnam’s aviation market is one of the fastest growing … [Read more...] about 900,000 safe flights handled in 2019

Damaged sea dyke in Phu Loc district (Photo: VNA) Thua Thien-Hue (VNA) – Authorities of the central province of Thua Thien – Hue on March 26 approved a Luxembourg-funded climate change adaptation project in the locality. The project costs about 2.3 million EUR. Of the sum, 2 million EUR is sourced from the Luxembourg government’s non-refundable aid via the Global Climate Partnership Fund, while the remaining comes from the local budget. The project will be carried out in 30 months in 29 communes in Quang Dien, Phu Vang, and Phu Loc districts, aiming to enhance local capacity to respond to climate change. Its first component, “capacity”, focuses on raising public awareness of climate change response. Infrastructure facilities to cope with climate change in targeted areas will be set up in the second component, while management measures will be promoted in the third one to preserve natural resources and develop markets for organically-cultivated … [Read more...] about Thua Thien – Hue to run 2.3 million EUR climate project

How about the first time you went to a supermarket in your new country overseas only to discover a favourite food item had a price tag that nearly knocked you off your feet? Or you visited accommodation while apartment hunting that was expensive yet missing what you consider to be basic features? When we move abroad we have to decide which toys, trinkets, and habits we’ll keep in our adoptive country and which we’ll let go. I recently wrote an article about the cost of living for an expat retiree in Vietnam and discovered during research that I was spending money on things out of habit, not need, and that I could save a fair amount by tweaking priorities:  How much does it cost an expat retiree to live in Vietnam? - Tuoi Tre... Part of that exercise was a sanity check on where money was going because the cost structure is quite different in Vietnam, so simply converting prices from a foreign currency to Vietnamese dong (VND) only tells part of the story. Some … [Read more...] about Out of sight…

Farmers of Hoang Anh Gia Lai Agricultural JSC (HNG) (Source: haagrico.com.vn) Hanoi (VNS/VNA) - Truong Hai Auto Corporation (Thaco) has registered to buy five million shares of Hoang Anh Gia Lai Agricultural JSC (HNG). HNG is the business arm of farming group Hoang Anh Gia Lai Joint Stock Company (HAG). Thaco expects to spend 73 billion VND (3.2 million USD) for the acquisition. The transactions will be conducted via agreement or order matching method, from December 4 this year to January 2 next year. After the purchase, Thaco will hold 296.4 million HNG shares, 26.7 percent of the firm. Thaco currently holds 291.4 million HNG shares. Thaco and HAG signed a cooperation contract in August 2018. Thaco Chairman Tran Ba Duong pledged to pour capital into HNG, help implement the HAG Myanmar project and arrange HNG’s loan structure. In the first nine months of this year, HNG recorded net revenue of 1.27 trillion VND (54.9 million USD), down 54 percent from the same period … [Read more...] about Thaco to buy five million shares of Hoang Anh Gia Lai Agricultural JSC

Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA) Hanoi (VNA) – Trade cooperation was a spotlight of the Vietnam-Laos relationship in the first ten months of this year, with revenue reaching 940 million USD. The figure was unveiled at a meeting of permanent Cabinet members in Hanoi on December 7 under the chair of Prime Minister Nguyen Xuan Phuc. The two-way trade is projected to hit 1.1-1.2 billion USD in 2019, up 12.6 percent year-on-year, surpassing the targets of 1 billion USD and 10 percent set by the Government. Vietnam has become the third biggest investor in Laos with 413 projects valued at 4.22 billion USD, with the most outstanding a joint venture of Viettel Military Industry and Telecoms Group (Viettel), projects of Vietnam Rubber Group, Muong Thanh Hotel, Crow Plaza, LaoViet Bank and Xekaman 1 hydropower plant. Besides, Vietnam has committed to providing 3.25 trillion VND (139.8 million USD) in non-refundable aid for Laos during the 2016-2020 … [Read more...] about Vietnam-Laos trade hits 940 million USD in ten months