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The Emirates Group has released its 2021-22 Annual Report, which shows a strong recovery across its businesses.— Photo courtesy of Emirates The Emirates Group has released its 2021-22 Annual Report, which shows a strong recovery across its businesses. dnata returned to profitability, and significant revenue improvements were reported across Emirates and dnata as the group rebuilt its air transport and travel-related operations, which were previously cut back or curtailed by the pandemic. For the financial year ended 31 March 2022, the Emirates Group posted a loss of AED 3.8 billion (US$ 1.0 billion) compared with an AED 22.1 billion (US$ 6.0 billion) loss for last year. The group’s revenue was AED 66.2 billion (US$ 18.1 billion), an increase of 86 per cent over last year’s results. The group’s cash balance was AED 25.8 billion (US$ 7.0 billion), up 30 per cent from last year, mainly due to strong demand across its core business divisions and markets, triggered by the easing … [Read more...] about Emirates Group reports strong recovery in 2021-22

The local aviation market experienced a strong recovery in April. — VNA/VNS Photo The aviation market in Viet Nam is vibrant and recovering with the number of international visitors increasing five-fold, according to experts. According to the Civil Aviation Authority of Viet Nam (CAAV), in April, Viet Nam's airports handled 6.6 million passengers, down 14.3 per cent compared to the same time last year but the number of foreign visitors reached more than 230,000 in April, an impressive increase of 502 per cent over the same period last year when COVID-19 was developing in a complex fashion. CAAV said Vietnamese airlines transported 3.28 million passengers, including 80,000 foreigners. Compared to the same period last year, the number of international passengers choosing services of Vietnamese airlines rose 214.7 per cent, while the number of domestic passengers dropped 18.2 per cent. As for cargo transport, in April, 140,700 tonnes of cargo were transported through Viet … [Read more...] about Local aviation market sees strong recovery

The aviation market in Vietnam is vibrant and recovering with the number of international visitors increasing five-fold, according to experts. The local aviation market experienced a strong recovery in April. VNA/VNS Photo According to the Civil Aviation Authority of Vietnam (CAAV), in April, Vietnam's airports handled 6.6 million passengers, down 14.3 per cent compared to the same time last year but the number of foreign visitors reached more than 230,000 in April, an impressive increase of 502 per cent over the same period last year when COVID-19 was developing in a complex fashion. CAAV said Vietnamese airlines transported 3.28 million passengers, including 80,000 foreigners. Compared to the same period last year, the number of international passengers choosing services of Vietnamese airlines rose 214.7 per cent, while the number of domestic passengers dropped 18.2 per cent. As for cargo transport, in April, 140,700 tonnes of cargo were … [Read more...] about Local aviation market sees strong recovery

China's withdrawal from hosting the 2023 Asian Cup could see the showpiece shift west to the Gulf, where new infrastructure and voracious demand for major events has made the region a magnet for international tournaments. Having planned to hold the Asian Cup across 10 cities in June-July next year, China dropped the 24-team tournament due to "exceptional circumstances caused by the COVID-19 pandemic", the Asian Football Confederation (AFC) said over the weekend. The AFC said it would name a new host in due course but provided no detail and declined to provide immediate comment to Reuters . AFC member nations were in the dark on Monday about the next steps. "This is quite an unusual situation and so there’s no specific process that we are aware of on how things could go," a spokesperson for the Korean Football Association (KFA) told Reuters . "We just know that China has given up." The AFC has little time to appraise candidates and may not have a diverse set to choose … [Read more...] about China withdrawal could see 2023 Asian Cup heading west

Strong impression at Seafood Expo Vietnam’s clam products recently drew international attention at the 2022 Global Seafood Expo from April 26 to 28 in Barcelona (Spain), the center of the EU’s fisheries industry. The boldly designed pavilion showcasing Vietnamese clams drew some 100 importers from Spain, Italy, France, the United States, Portugal, the UK, Turkey, the Netherlands, the United Arab Emirates, the Republic of Korea, Egypt, Israel, the Czech Republic, and Denmark. Clam products are introduced to buyers at the 2022 Global Seafood Expo On display were clam meat, steamed white/brown clams, processed products steamed clams with garlic and butter, and clams cooked with tom-yum sauce. Three of Vietnam's leading seafood companies, Go Dang Joint Stock Company (GODACO), Ben Tre Seafood Joint Stock Company (BESEACO), and Ben Tre Aquaproduct Import-Export Joint Stock Company (AQUATEX), were selected to participate in the exhibition due to their deep involvement in … [Read more...] about No need to clam up about Vietnam’s bivalve exports to EU

The event will connect businesses and promotes the development of the blockchain in the world. The 10th Global Blockchain Conference - Version for Southeast Asia will be held in Vietnam by Agora in collaboration with V2B Labs and the Vietnam Blockchain Union (VBU) in the coming time, according to Vietnam Digital Media Association. The event is considered an important and meaningful milestone for the development of the blockchain industry in Vietnam and Southeast Asia in the years ahead. Experts have assessed that Vietnam is a country with impressive achievements in digital transformation and technology development. This is thanks to the breakthrough strategies and visions of the Vietnamese Government on digital transformation with a focus on promoting open policies, encouraging the development of new technologies, which improve people’s life quality, creating a favorable business environment for enterprises, and enhancing the efficiency of the Government’s management. … [Read more...] about Global Blockchain Conference to be held in Vietnam