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The airline is set to receive its 22nd narrowbody Airbus A321 jet and fourth widebody Boeing B7s87 this quarter, CEO and chairman Dang Tat Thang told shareholders at the recent extraordinary shareholders’ meeting of its parent company FLC. The airline currently has 29 jets, comprising 21 narrowbody aircraft, three Boeing B787s and five Embraer 190 regional aircraft, according to aviation data website Planespotters. Its competitors Vietnam Airlines operates 99 aircraft, and Vietjet 77. Thang became the new chairman of Bamboo Airways and FLC in March to replace Trinh Van Quyet who was arrested for alleged stock manipulation. The airline saw revenues rising 150 percent between the first and second quarter this year as travel resumed, Thang said. Bamboo Airways now operates nearly 200 flights a day on 60 domestic routes and 12 international routes, he added. It has recently increased pilot wages by 20 percent, he said. While FLC is set to experience a complete restructure … [Read more...] about Bamboo Airways to triple fleet size in 6 years

Businesses are discovering new ways to separate, contain, and re-use the waste they produce, Le Toan SCG Packaging (SCGP) under Thai industrial conglomerate SCG impressed at last week’s exhibition on the circular economy in Vietnam with a number of environmentally-friendly products, one of which was paper beds. These beds, easily installed and transported, are made entirely of recycled paper and have been provided for many hospitals in Vietnam in recent times. “This is one of the products demonstrating the responsibility of SCG in the role of a citizen enterprise. We stand ready to bring innovative solutions to Vietnam to help authorised agencies and people,” said Sompob Witworrasakul, general director of Vina Kraft Paper Co., Ltd., a member of SCGP. Over past years, SGC has also applied high technology to its cement production. Its cement products are energy-saving, with technology helping reduce greenhouse gas emissions by about 115,000 tonnes a year. Additionally, the … [Read more...] about Sustainable products stimulating business

Vietnam attaches importance to the Mekong – Lancang Cooperation (MLC) and wishes to make a practical contribution to the mechanism to bring real benefits to the people. The Foreign Ministers of Cambodia, Laos, Myanmar, Thailand, China and Vietnam pose for a group photo at the seventh Mekong - Lancang Cooperation Foreign Ministers’ Meeting in Myanmar on July 4. (Photo: baoquocte.vn) Foreign Minister Bui Thanh Son made the remarks while addressing the seventh MLC Foreign Ministers’ Meeting that opened in Bagan, Myanmar, on July 4. He shared the view with his counterparts of Cambodia, Laos, Myanmar, Thailand and China that despite the impact of the COVID-19 pandemic two-way trade turnover between Mekong River basin countries and China reached nearly US$400 billion last year, up 23% compared to 2020. Many large infrastructure projects have been completed, while hundreds of technical assistance projects have been implemented. The ministers especially welcomed the … [Read more...] about Vietnam proposes measures to foster Mekong – Lancang cooperation

This is the first time that the number of newly-established enterprises in the first six months has exceeded 70,000. Data from the Business Registration Management Agency under the Ministry of Planning and Investment showed that 116,900 enterprises were entering or re-entering the market in the first half of 2022. The capital city of Hanoi and the southern largest economic hub of Ho Chi Minh City continued to record a significant increase in newly-established enterprises . Meanwhile, the number of enterprises returning to operation in the first six months of this year was 40,667, an increase of 55% over the same period last year and 1.9 times higher than the average in 2017-2021./. VNA … [Read more...] about Newly-established businesses exceed 70,000 in first half