Mozambique’s Prime Minister wraps up Vietnam visit

Prime Minister Nguyen Tan Dung and the high-ranking delegation of Vietnam attended summits between ASEAN and its dialogue countries, namely China, Japan, the Republic of Korea (RoK) and India, in Cebu, the Philippines on January 14. At the ASEAN+1 Summits, the leaders of ASEAN and dialogue countries unanimously agreed to push the implementation of cooperation plans within the framework of comprehensive or strategic partnership agreed upon by ASEAN and each dialogue country, for peace, stability and development in the region and the whole world at large. Dialogue countries were also committed to continuing their support for ASEAN's efforts in narrowing the development gap, linking the region and building the Community. In addition, they confirmed their support for ASEAN's key role in the regional cooperation mechanism and desire to continue coordinating their stance on regional and international matters with ASEAN. At the summits, the leaders of dialogue countries congratulated Vietnam on its official membership of the World Trade Organisation (WTO). Leaders of ASEAN and China confirmed their determination to effectively carry out the Declaration on the Conduct of Parties in the South China Sea (EastSea) (DOC) in order to early sign the Code of Conduct in the South China Sea (COC) for peace and stability in the region. They agreed to push up measures to develop an ASEAN-China comprehensive free trade area. The leaders witnessed the signing of the agreement on Trade in Services of the China-ASEAN Free Trade Area, the Plan of Action to implement the Beijing declaration on ASEAN-China…... [read more]

Vietnam has five airlines namely Vietnam Airlines, Jetstar Pacific Airlines, VietJet Air, Indochina Airlines and Mekong Airlines, along with 43 foreign airlines which are conducting flights to and from Vietnam. All these businesses are now facing a hard time. Falling into a declineThe International Air Transport Association (IATA) has warned that the global aviation industry will face the sharpest decline in revenues in 50 years as a result of the global financial crisis. Asia-Pacific airlines that transport nearly one third of all passengers and 45 percent of cargo in the world, are expected to face a loss of US$1 billion in 2009, double last year’s figure. According to IATA, global air transport will fall by around 3 percent – the second largest for the aviation industry since the September 11 terrorist attack on the US. In Vietnam, the number of passengers and the amount of transported cargo dropped by 11.1 percent and 13 percent respectively in the first four months of 2009. Do Duc Tu, an official from the Ministry of Planning and Investment (MPI), says the National Aviation Corporation (Vietnam Airlines) has suffered most with the number of passengers falling by 3.3 percent in the first quarter. The national flag carrier is forecast to grow by just 4.9 percent this year as compared to 15.8 percent last year. Jetstar Pacific Airlines grew at a rate of 28.7 percent in the first quarter of 2009, half its operation record in 2008. Meanwhile, Indochina Airlines – a private business that has…... [read more]

Deputy Prime Minister Trinh Dinh Dung said that the Vietnamese railway sector needs reforms to deal with the many problems it faces. On December 22, Deputy Prime Minister Dung visited Hanoi and Giap Bat stations and worked with Vietnam Railways on the sector’s development strategy. According to the Deputy PM, the railway sector is facing many difficulties, including outdated infrastructure. The railway network has not yet been linked to new economic zones and industrial parks, particularly sea ports. Railway projects have to date attracted only a modest private sector investment. At the meeting with the Deputy PM, Deputy Minister of Transport Nguyen Ngoc Dong, said Vietnam had 3,143km of railways, but large parts of this were very out of date. Some railway routes, including Yen Vien-Pha Lai-Ha Long-Cai Lan, have been delayed due to the capital shortfalls. In many places, railway safety corridors have been seriously encroached upon by local residents. “Only 40% out of the total capital of between VND1.7 trillion (USD80.9 million) and VND2 trillion has been used to repair and maintain railways every year. Actual railway investment accounts for only 2-3% of the transport sector’s total investment,” Dong added. Dong also mentioned the low competitiveness of the railway sector compared with road and aviation transport services. In 1995, the railway sector held up to 11.7% in the country’s total transport of passengers and 7.9% in cargo transport; and the rate fell to 3.2% and 1.9% respectively in 2014. Vu Ta Tung, Director of Vietnam Railways, said that…... [read more]

Under the newly-issued decree, conditional business lines of civil aviation include aviation transport business, aviation terminal business, airports; aviation business services at airports; designing, production, maintenance, and testing of aircrafts, airplane engines, propeller, and equipment; as well as aviation training business. The new decree also regulates the maximum charter capital for the establishment and operation of civil aviation business. Accordingly, with 10 airplanes, an airline must have at least VND 700 billion (US$ 31.33 million) of charter capital to serve for international services and VND 300 billion (US$ 13.43 million) for domestic services. With a fleet of 11-30 aircraft, an airline has to own a maximum charter capital of VND 1.3 trillion for international services and VND 700 billion for domestic aviation transport services. Air transport enterprises which have foreign investment must meet the two following conditions: (i) foreign party must not own over 30% of charter capital; (ii) at least one Vietnamese or legal person holds the largest proportion of charter capital. If a Vietnamese legal entity has foreign investment, foreign ownership is limited to 49%. The transferring of stocks for foreign investors will be implemented two years after getting aviation transport permits./. By Khanh Phuong... [read more]

The state visit to Vietnam by Namibian President Hifikepunye Pohamba from November 18-21, 2013 was considered a new impetus for lifting the traditional friendship relations and cooperation between two countries to a new development period of deeper and more effective cooperation with a focus on investment, trade, agriculture-forestry, aquatic products, education and aviation. During the talks with Namibian President Hifitkepunye Pohamba, State President Truong Tan Sang affirmed that Vietnam always pays much attention to expanding ties with African countries, including Namibia, an intimate friend that supported Vietnam throughout its struggle for national independence as well as its current national construction. He congratulated the Namibian people on impressive achievements obtained during the cause of national development and appreciated Namibia's active contribution to peace, stability, cooperation in the Southern African Development Community and in the whole continent. State President Truong Tan Sang and his wife welcome President Hifitkepunye Pohamba and his wife. In the Photo: Presenting flowers to Namibian President Hifitkepunye Pohamba. Photo: Nguyen Khang - VNAThe welcoming ceremony for Namibian President Hifikepunye Pohamba is held at the Presidential Palace. Photo: Nguyen Khang - VNAState President Truong Tan Sang and his Namibian counterpart Hifitkepunye Pohamba. Photo: Nguyen Khang - VNAState President Truong Tan Sang talks with his Namibian counterpart Hifitkepunye Pohamba. Photo: Nguyen Khang - VNAThe two leaders witness the signing of the Memorandum of Understanding on Agricultural Cooperation between the two countries. Photo: Nguyen Khang - VNAPrime Minister Nguyen Tan Dung talks with Namibian President Hifikepunye Pohamba. Photo: Duc Tam -…... [read more]

President Truong Tan Sang and Namibian President Hifikepunye Pohamba review the guards of honour of the Viet Nam People's Army in Ha Noi yesterday. — VNA/VNS Photo Nguyen Khang HA NOI (VNS) — Viet Nam and Namibia signed agreements to boost diplomacy and agriculture co-operation during Namibian President Hifikepunye Poha-mba's State visit from November 18-20. During their talks in Ha Noi yesterday, President Truong Tan Sang and his Namibian counterpart agreed to continue speeding up joint agricultural projects with tri-party co-operation models by strengthening bilateral connectivity and calling for the engagement of the private sector. They agreed to bolster exchanges of delegations at all levels, strengthen people-to-people contacts and accelerate the twinning of localities to further mutual understanding. Expressing their delight at the positive cooperation outcomes between the two countries over the past years, the two presidents pledged to direct relevant ministries and sectors to develop specific plans to foster co-operation across investment, trade, education and training, healthcare, tourism and aviation transport services. The Namibian leader officially announced his country's recognition of Viet Nam's full market economy regulations. He also invited President Sang to visit his country at a suitable time, which the Vietnamese leader accepted with pleasure. Congratulating Namibia on its impressive development achievements, Sang hailed the country's positive contributions to peace, stability and co-operation in the South African Development Community and in the continent as a whole. He confirmed that Viet Nam wanted to expand ties with African countries, including Namibia, an intimate friend that supported Viet Nam…... [read more]

Vietnam and Namibia have signed agreements to boost their cooperation in diplomacy and agriculture. The deals were reached during Namibian President Hifikepunye Pohamba's State visit to Vietnam from November 18-20, which was described by President Truong Tan Sang as a momentum to bring bilateral ties to a new period of development in a deep and result-oriented way. During their talks on November 19 in Hanoi, President Sang and his Namibian counterpart agreed to continue speeding up joint agricultural projects with tri-party cooperation models by strengthening bilateral connectivity and calling for the engagement of the private sector in the work. The leaders agreed to bolster exchanges of delegations at all levels, strengthen people-to-people contacts and accelerate the twinning of localities to further the mutual understanding of the two peoples. Expressing their delight at the positive outcomes between the two countries over the past years, the two Presidents pledged that they will direct relevant ministries and sectors to build specific plans to foster cooperation across investment, trade, education and training, healthcare, tourism, and aviation transport services. On this occasion, the Namibian leader officially announced his country's recognition of Vietnam's full market economy regulations. He also invited President Truong Tan Sang to visit his country at a suitable time, which was accepted with pleasure. Congratulating Namibia on the impressive development achievements, President Sang hailed the country's positive contributions to peace, stability and cooperation in the South African Development Community and in the continent as a whole. Vietnam wants to expand ties with African…... [read more]

The aviation market in Vietnam is going to be ruled by a new legal framework which stipulates stricter, but more flexible regulations which allow to ease difficulties for the airlines. After a lot of delays, the Ministry of Transport (MOT) has submitted to the government the draft decree which is expected to replace the Decree No 76 dated May 9, 2007, on aviation activities management. If the draft decree is approved by the government, the eight legal entities which have the licenses for providing aviation transport services and three institutions and individuals who have valid certificates on aviation activities, will be the subjects of the new decree. Of the 30 articles of the draft decree, the most expected one is the requirement on the chartered capital that foreign invested airlines must have. To date, there has been no regulation relating to the issue. Regarding the issue which is considered “sensitive”, MOT has suggested two options. In the first one, the foreign partners must not hold more than 49 percent of the chartered capital of the foreign invested airlines. One foreign individual or legal entity must not hold more than 30 percent of the chartered capital. One Vietnamese individual or legal entity must hold the highest proportion of chartered capital. With the second scenario, the foreign partners must not hold more than 30 percent of the chartered capital of the airlines. One foreign individual or legal entity must not hold more than 20 percent of chartered capital. One Vietnamese individual and…... [read more]

The Hanoi Times - The Civil Aviation Administration of Vietnam (CAAV) has suggested that Jetstar Pacific Airline would be better to change its logo in October 2010, the time when its temporary license o­n aviation transport expires. Local newspaper Thoi bao Kinh te Vietnam has quoted Vo Huy Cuong, Head of the Aviation Transport Division under CAAV as saying that the best choice for Jetstar Pacific Airline is to change the logo in October 2010. Cuong said that the temporary license o­n aviation transport granted to Jetstar Pacific which is valid for two years, will expire in October 2010. This means that the airline will have to register its business again to the government agencies by that time. If the airline has a new logo by that time, it will be able to submit the new logo to the government agencies at the same time when it follows registration procedures. If not, it will have to follow a lot of complicated procedures later to register its logo. The air carrier, which is now using the word 'Jetstar' or 'Jet' and orange star as its logo, has been told to stop doing this. Minister of Transport Ho Nghia Dung decided two days ago that the use of the logo may make people mistake the Vietnamese air carrier for Australian Jetstar Airways. Prior to that, in the report sent to the Ministry of Transport, CAAV wrote that Jetstar Pacific, while using 'Jetstar' logo, seems to be advertise for Jetstar Airways as well.…... [read more]

National flag carrier Vietnam Airlines signed a contract of over US$112 million Friday to buy six turboprop ATR 72-500 planes from European manufacturer ATR. The first plane will be delivered in June 2009 and the last one in the contract will arrive in February 2010, Vietnam Airlines CEO Pham Ngoc Minh said in the signing ceremony in Hanoi. He said, "Thanks to the substantial growth of Vietnam's domestic and within-Indochina aviation markets, the demand for aviation transport services from big cities Ha Noi, Da Nang and Ho Chi Minh City to such tourist destinations as Nha Trang, Da Lat, Phu Quoc, Siem Reap, Phnom Penh and Luang Prabang is accelerating rapidly." "We strongly believe that with today's purchase deal of six further ATR 72-500s, we will satisfy the increasing demand for services on short-haul routes." The flag carrier is using these aircraft for short-haul flights. It will expand its ATR 72-500 fleet up to 14 aircraft by 2010, including 11 ones on order between 2009 and 2010. The aircraft will also be equipped with the "Elegance" cabin, according to the corporation. Vietnam Airlines started operating ATR aircraft in 1992, and made previous orders for '-500 series' in 2001 and 2007. ATR CEO Stéphane Mayer said, "The success of the regional operations of Vietnam Airlines plays an important role in the expansion of the ATR aircraft fleet in Southeast Asia." Vietnam Airlines currently operates a fleet of 50 aircraft and plans to expand its fleet to 104 and 150 aircraft by…... [read more]




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