Safest global airline partner in 2021

TSFC is a program to boost initiatives of developing the aviation industry which was launched by SkyTeam, a global airline alliance with members being the world's large airlines. The program aims to find airlines operating the most eco-friendly commercial flight along with the most sustainable development. The airlines will be assessed on 14 items by International Examiner Council, experts, leaders of the aviation sector. The winner shall be honored at a special event in this June. The Sustainable Flight Challenge has attracted participation of 16 airlines from different countries, including the United States, France, Italy, the Netherlands, Spain, China, the Republic of Korea and so on. In the first activity, the airlines will perform flights with a long distance of over 5,000 kilometers, 1,500-to-5,000-kilometer medium distance to receive assessment on effective exploitation and environment protection on the flight routes. As for Vietnam Airlines, the national flag carrier … [Read more...] about Vietnam Airlines, 15 other airlines to take part in Sustainable Flight Challenge

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

Bui Ngoc Tuan-Partner, Deloitte Vietnam The aim is to prevent tax base erosion and profit shifting, limit the race to the bottom on tax rates, and create a fair competitive environment in attracting investment among countries. It is hoped Pillar 2 would take effect from 2023. The regime would be applied to multinational corporations (MNCs) with a global consolidated turnover exceeding $778.5 million. Therefore, there would be a number of large MNCs in Vietnam in the scope of Pillar 2. When applying Pillar 2, if the effective tax rate of the subsidiaries of those MNCs in Vietnam is less than the GMT rate of 15 per cent, they would incur additional tax liabilities in the country of their headquarters, equal to the difference between the 15 per cent rate and the effective tax rate in Vietnam. Although the standard tax rate in Vietnam is 20 per cent, currently many foreign-invested enterprises (FIEs) that are subsidiaries of MNCs have projects eligible for investment incentives … [Read more...] about Assessing impact of global corporate tax rate on multinational companies

Illustrative image This has led to a new consensus from different development economies for the need to reduce dependency on one source and improve integration among various countries. However, the process of reducing dependency has led to rising inflation, labor shortages, more regional protectionism, and fluctuating shocks in the global financial world. Under such an unpredictable scenario in global trade it would be surprising if countries such as Vietnam will participate in a monetary system that would be chosen for a global trade chain. New global trends It was not until the 19th century that global integration began to develop. However, this trend of globalization eventually waned and collapsed during World War I, and was followed by postwar protectionism, the Great Depression, and finally the long and brutal World War II. When World War II ended in the mid-1940s, the United States led the efforts to restore international trade and investment under several set ground … [Read more...] about Vietnam has choices under new global trends

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

Two local beauties have been named in the list of the leading 50 candidates of Miss Grand Slam 2021, as announced by Global Beauties. Nguyen Thuc Thuy Tien, the first-ever Vietnamese beauty queen to claim the title of Miss Grand International, is one of two Vietnamese beauties to make the list. The other local beauty queen among the 50 most beautiful girls on the planet is Nguyen Huynh Kim Duyen, who is notable for claiming a Top 16 finish in Miss Universe 2021. Duyen will represent the nation by competing at Miss Supranational 2022 this July. Global Beauties selects 100 outstanding contestants from the world’s leading beauty pageants of Miss World, Miss Universe, Miss Grand International, and Miss Supranational for its annual prize, with the winner ultimately being awarded the Miss Grand Slam title. Back in Miss Grand Slam 2018, Vietnamese beauty H’Hen Nie made the Top 10 finalists, marking the best ever achievement for Vietnamese beauty in the process. … [Read more...] about Two Vietnamese beauties among Top 50 of Miss Grand Slam 2021