However, tough challenges are ahead for the city’s industry and trade sector. They come from the curtailment of industrial production as most of the large production facilities move out of the central city, and limited investment in high-tech industry and weak development of supporting industry. Besides, attracting investments in local industrial parks is not an easy task since industrial land leasing costs in Hanoi are higher than those in localities in the vicinity such as Ha Nam, Hoa Binh and Hung Yen. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20
Vietnam airline business
Thousands of flights planned for Tet Holiday
Despite Covid-19, local airlines plan to operate about 1,000 flights a day, an increase of 28% compared to the previous Tet Holiday. The busiest days will have 1,200 flights, an increase of 25.3% on the previous Tet Holiday. According to the Civil Administration of Vietnam, Tet flights will be the focus from January 27 to February 26. Because of Covid-19, the airlines will not operate usual international flights but pour resources into domestic flights. Vietnam Airlines and Vasco will operate 379 flights a day and 504 flights on busy days, an increase of 35.5% and 31% respectively compared to the same period last year. Vietjet Air plans to operate 371 flights a day and 375 flights on busy days, an increase of 17% and 28% on last year. Bamboo Airways reported that they will operate 180 flights a day, increased by 27.5% and 190 flights on busy days, increased by 34% on last year. Pacific Airlines will have an average of 124 flights a day and 130 flights a day during the peak of the … [Read more...] about Thousands of flights planned for Tet Holiday
Earning VND10 trillion within two months, ‘boss Thuy’ enters top list of billionaires
This was a record loss in the history of Vietnam Airlines. The loss is expected to decrease by VND2.8 trillion when the carrier completes the procedures to adjust depreciation, and allocation of expenses on repair and maintenance in accordance with the government’s policy to help it overcome current difficulties. … [Read more...] about Earning VND10 trillion within two months, ‘boss Thuy’ enters top list of billionaires