The agreements were signed in Paris on March 26 by Trinh Van Quyet, Chairman of FLC Group and Eric Schulz, Chief Commercial Officer, Airbus during the official visit to France of Nguyễn Phú Trọng, General Secretary of the Central Committee of the Communist Party of Vietnam. Bamboo Airways is set to begin operations in 2019 with aircraft on lease from third party lessors before taking delivery of the aircraft covered by today’s MOU with Airbus. The carrier will focus on linking international markets to Vietnamese leisure destinations, as well as on selected domestic routes. "After evaluating carefully the competing products, FLC Group and Bamboo Airways have selected the A321neo as the most efficient option for our new operation,” said Trinh Van Quyet. “The A321neo will enable us to combine comfort, efficiency and the right capacity for our planned services, which will primarily serve fast growing leisure markets in Vietnam.” … [Read more...] about FLC Group selects A321neo for Bamboo Airways
The u s economy
Meanwhile, the Reuters reported that the OPEC members on July 1 agreed to extend oil supply cuts until March 2020 as the group's members overcame their differences in order to prop up the price of crude amid a weakening global economy and soaring US production. Benchmark Brent crude has climbed more than 25% so far this year after the White House tightened sanctions on OPEC members Venezuela and Iran, slashing their oil exports. Brent rose as much as US$2 on Monday towards US$67 per barrel as traders cited OPEC's resolve to curb output. The OPEC meeting on Monday will be followed by talks with Russia and other allies, a grouping known as OPEC+, on Tuesday (July 2). Russian President Vladimir Putin said on June 29 he had agreed with Saudi Arabia to extend existing output cuts of 1.2 million barrels per day, or 1.2% of global demand, until December 2019 or March 2020. Oil prices could stall as a slowing global economy squeezes demand and US oil floods the market, a Reuters poll of … [Read more...] about OPEC, non-OPEC oil producers agree to extend oil supply cut by 9 months
The leaders agreed that businesses play the decisive role in the city’s future sustainable development and sought their ideas and measures to address current problems facing the city. Representatives of businesses pointed out insufficient infrastructure at industrial parks, saying it has yet met the demand of investors, especially small and medium-sized ones. They also mentioned the lack of labour force in industrial production, inadequate investment in public transport, and the need to speed up the administrative procedures in the field of land, taxation and customs. They proposed developing specialized industrial clusters, attracting investment into hi-tech industrial park, boosting environmentally friendly tourism, and contributed ideas relating to healthcare, education, high technology, trade, hi-tech agriculture, and start-up. Truong Quang Duoc, Secretary of the municipal Party Committee, spoke highly of the business community’s contributions to … [Read more...] about Da Nang seeks to businesses’ ideas for growth
Hefty investments Among 70 countries and territories in which Vietnamese have investments, Laos, Cambodia and Myanmar are the three biggest target markets. Laos is the biggest FDI recipient from Vietnam, having accepted $5 billion worth of registered investments. In January 2017, Viettel received an investment license for setting up a telecom network in Myanmar – Mytel. BIDV in 2016 got a license to set up a branch in Myanmar – BIDV Yangon with charter capital of $85 million. The dairy factory Vinamilk built in Cambodia became operational in 2016, while the Vietnam Rubber Group began processing rubber latex in 2015. Hoang Anh Gia Lai Group is one of the biggest outward investors. In addition to a series of projects on agriculture production in Laos, in 2015 built the Attapeu international airport worth $36 million and HAGL Center worth $550 million in Myanmar. In 2016, it kicked off the second phase of HAGL Center and joined forces with Melia Hotel to run a … [Read more...] about How are Vietnamese businesses performing in Laos, Cambodia, Myanmar?
The event has seen several foreign businesses from 30 nations globally participate, showcasing their products across over 1,000 booths. SIAL InterFood is an annual event in Indonesia which aims to introduce a variety of global food products, beverages, processing additives, technological advances, raw materials, services, equipment, and machines used within the field of food processing. This year has seen a number of popular local brands showcase their goods at SIAL InterFood, including the Northern Food Corporation, Vietnam Cocoa Joint Stock Company, Tam Dao Bee Joint Stock Company, Sun House Group, Kangaroo Group, and Trung Nguyen Coffee Company. In addition, several domestic export enterprises such as the Vietnam Food Joint Stock Company, Duc Thinh Company, and Nghi Son Seafood Company have attended the event for the first time, leaving a positive impression on both importers and retailers worldwide. Also in attendance at SIAL InterFood was the Vietnamese Embassy in Indonesia who … [Read more...] about Vietnamese goods go on show at SIAL InterFood in Jakarta