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National carrier Vietnam Airlines remained in the red in the first quarter of this year, with losses of nearly US$113 million, despite its revenue rising to a two-year high. The airline posted a loss of VND2.621 trillion ($112.9 million) over the first three months of 2022, according to its Q1 consolidated financial statements issued on Friday. The loss was recorded even though the flag carrier logged revenue of more than VND11.6 trillion ($500 million) in the period, up 55 percent year on year, the highest performance since the second quarter of 2020, when COVID-19 began to severely affect Vietnam’s aviation industry. The impressive revenue failed to cover the total cost that was higher than expected, leading to the firm’s ninth consecutive quarterly loss, the carrier said. Vietnam Airlines’ fuel expense in the quarter was VND465 billion ($20 million) more than projected given rising world oil prices, VnExpress cited the company as saying. The Q1 result has brought the … [Read more...] about Vietnam Airlines suffers $113mn Q1 loss despite revenue surge

This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3 - 18. “The Vietnamese economy is expected to grow at 6.3 percent in 2022 and 6.5 percent in 2023. Inflation is projected to remain contained,” said AMRO Group Head and Lead Economist Kalra. “This positive outlook rides on strong external demand, a recovery in domestic consumption and healthy investments inflows, bolstered by an appropriate macroeconomic policy stance.” The domestic outbreak of the Omicron variant receded sharply in April 2022, and border restrictions and domestic containment measures were eased. The aggregate output gap is expected to narrow significantly by the end of this year. The recovery is, nevertheless, uneven across sectors. While both the manufacturing and service sector outputs have surpassed their 2019 levels, the service sector still has pockets of distress, especially in the tourism, hospitality and … [Read more...] about AMRO forecasts Vietnam’s strong recovery amid external headwinds

Vietnam's men's football team defended their gold medal with a 1-0 victory against Thailand. They kept the clean sheet throughout the Games. Indonesia won the men's football bronze by beating Malaysia in penalty shootout. Muay and diving each won five gold medals on Sunday. Vietnam also won three boxing gold during the day in three women's events. Aerobic gymnastics brought two gold medals in mix pair and group events, and esports another two. Le Hoang Phong (L) and Tran Ngoc Thuy Vi competes in aerobic gymnastics at the 31st SEA Games, May 22, 2022. On Sunday, there are 61 sets of medals, of which boxing has the most with 13. Tennis ace Ly Hoang Nam defended his gold medal after beating Trinh Linh Giang, also from Vietnam, in the final. World's number three cueist Tran Quyet Chien beat Nguyen Duc Anh Chien, also from Vietnam, in the 3-cushion carom event final to win a gold medal. Vietnam also won a gold medal each in shooting and vovinam. In the … [Read more...] about SEA Games: Vietnam reach 200 gold medals

Vietnamese representative Phung Truong Tran Dai officially unveiled an outfit that she will wear during the National Costume Competition at the Miss International Queen 2022 pageant set to take place in June in Thailand. The outfit has been designed by Nguyen Minh Triet and draws inspiration from the motifs of rice, storks, cranes, sun, and Ao Dai, the nation’s traditional long dress Most notably, the highlight of the design is the headdress which takes its inspiration from the sun. The costume is primarily comprised of silk and aims to honour the beauty of Vietnamese women. This marks the third time that the nation has sent contestants to the transgender pageant, one of the world's leading beauty pageant for transgender women. This comes after Vietnamese representative Nguyen Huong Giang won Miss International Queen 2018 the first time the nation sent a competitor to the pageant. … [Read more...] about Vietnam unveils national costume for Miss International Queen 2022

Tran Quyet Chien claims a SEA Games gold medal in three-cushion carom on May 22. (Photo: VNA) Hanoi (VNS/VNA) — Tran Quyet Chien proved why he’s the world No. 3 in three-cushion carom after beating Nguyen Duc Anh Chien in an all-Vietnamese final of the ongoing 31st Southeast Asian Games (SEA Games 31) on May 22. Despite being one of the best carom players, this is the first SEA Games gold medal for Quyet Chien as this category is rarely held at the SEA Games. The final got off to a very even start with both players closely following each other on every point. However, against one of the world’s best, Anh Chien couldn’t keep his momentum and missed a few tough shots when the match was getting more intense. And that Quyet Chien left his compatriot far behind as the 38-year-old showed his class, scoring consecutive points to take a big 31 -16 lead. Anh Chien’s massive late effort helped the world top 20 player to narrow the gap to 35-24 before Quyet Chien sealed … [Read more...] about Vietnam triumph in SEA Games 31 three-cushion carom

Noise-proof panels are being urgently installed at the 3rd ring road, in Mai Dich-Nam Thang Long section. According to the Tokyu-Taisei contractor, about 4,500 aluminum-clad polycarbonate sheets will be installed on a total length of 5.3 km by the end of December. At the construction site, dozens of workers are rushing to complete the work on schedule. Before this installation, the Ministry of Transport assigned the Institute of Transport to test and monitor noise in this area of the road. All must be based on scientific data and then the authority would come to a decision to install noise barriers or not. From the monitoring results, the authority decided that noise has affected the lives of people living next to the 3 rd ring road. The purpose of the noise barrier installation is to eliminate noise for people living next to the ring road./. VNA … [Read more...] about Hanoi installs noise barrier system for the 3rd ring road