Vietnam Airlines, Vietnam Post sign cooperation deal

Viet Nam Air Traffic Management Corporation (VATM) announced on Monday that it had conducted operational trials of the Distributed Multi-Nodal ATFM Operational Trail between Viet Nam and Singapore. Viet Nam Air Traffic Management Corporation (VATM) announced on Monday that it had conducted operational trials of the Distributed Multi-Nodal ATFM Operational Trail between Viet Nam and Singapore. - Photo vietnamnet.vn The programme was set up to test the weekly scenario, applicable to Vietnam Airlines flights that depart from Noi Bai International Airport to Singapore's Changi Airport. The air traffic will be managed based on a common principle among participants. Accordingly, the VATM, Airports Corporation of Viet Nam, Changi Airport and Vietnam Airlines will focus on balancing the air traffic demand-capacity by regulating the flight arrivals at the departure airport with the issuance of calculated take-off time (CTOT). “In simpler terms, the participants will check the CTOT, so that when the flight takes off, it can land on time, and does not have to hover in the air waiting for a landing slot,” a top official from the VATM said. The delay will take place on the ground, not in the air, he said. This will interest all participants, who could focus on enhancing the capacity, flying safety, cutting the exploitation costs, decreasing carbon dioxide emissions and reducing the volume of work for both the pilots and the air traffic staff. Once the operational…... [read more]

He said the CAAV is working with relevant agencies to review the situation comprehensively since the French Government has tightened security across the country. The authority is unable to make any decisions pertaining to the Vietnamese aviation sector’s flights to France at present, Thanh noted, adding that the Vietnam Airlines Corporation’s activities in the European nation are also connected with other airlines’ operations there. Earlier in the morning, Vietnam Airlines General Director Pham Ngoc Minh said his firm was waiting for the French Government’s official decisions and information from its partners so as to make appropriate responses. He emphasised the airline will ensure interests of passengers who have booked tickets to France, adding that it conducts 10 flights to the country every week.... [read more]

The Deputy Chairman of the Czech Chamber of Deputies, Vojtech Filip, made the remark at a meeting with Deputy Prime Minister and Foreign Minister Pham Gia Khiem in Hanoi on April 5The Czech legislator, in company with business representatives, stressed that the visit aimed to discuss with Vietnamese partners the implementation of several projects, including the opening of direct flights between Hanoi and Prague. Representatives of the Czech Airlines had a working session with the Vietnam Airlines Corporation and are also scheduled to work with the Ministry of Transport on the project, he said. The delegation also worked with the State Bank of Vietnam on the possibility of opening Czech-invested banks in Vietnam, Filip said, adding that the Czech Republic plans to invest in a 500 MW power plant in the country. Deputy PM Khiem affirmed that the Vietnamese Government always supports cooperation projects between the two countries. He hailed the delegation’s visit to northern mountainous Dien Bien province as a positive step towards cooperation at the grassroots levels. The Deputy PM expressed his hope that the Czech Republic will continue to train experts particularly specialists in bilateral cooperation projects for Vietnam.... [read more]

Accordingly, the project will be conducted under a build-operate-transfer (BOT) contract over 20 years with a total cost of US$210 million and will be upgraded every five years. Visual Defence will collect security fees, US$5.75 per international visitor and US$1.5 USD per domestic passenger, to pay back their construction investment. According to the firm, its airport security system has met strict security standards in many airports worldwide. It will transfer technology to and train human resources in Vietnam for the effective operation of the system. Minister Thang asked the company to discuss contract duration and additional security fees with the Vietnam Airlines Corporation.... [read more]

Vietnamese Businesses Seek to Invest Overseas in Next Five Years Businesses are optimistic about revenue, profit and general business development in the first three months of 2017, with expected outcomes better than or similar to the same period 2016. When asked about their business plans in the next two years, 76 per cent of respondents said they will scale up business, 19 per cent have plans to expand operations and only 5 per cent will keep their current scales. These positive signals are found in the latest survey in 500 biggest companies ranked in the VNR 500 rankings from 2007 to the present. VNR500 Rankings - The list of Top 500 businesses in Vietnam in 2016 - was made by Vietnam Report Joint Stock Company in close cooperation with VietNamNet Newspaper. This is the 10th edition of VNR 500 in honour of high performing businesses in fiscal year of 2015. A majority of respondents reported on better business performances in the first 10 months of 2016 than the same period in 2015. 16 per cent of respondents admitted revenue decline, while 15 per cent anticipated profit slump. Businesses had to face a lot of hurdles in 2016, ranging from economic growth challenges, global business and political fluctuations. Up to 47 per cent of respondents said their workforces are stable in the reviewed period. In the first quarter of 2017, 60 per cent of companies plan to keep employees unchanged. As the upcoming economic trend is extensive integration and expansive cooperation.…... [read more]

Vietnam Airlines boasts hefty profit, debuts on UpCoM Le Anh HCMC - Vietnam Airlines Corporation reported a 140% year-on-year pickup in last year's pre-tax profit at around VND2.5 trillion (US$110 million), or 7% higher than the full-year target. The company officially traded shares on the Market for Unlisted Public Companies (UPCoM) on January 3. A representative of Vietnam Airlines said the aviation market posted high growth, backing the airline's outstanding business performance last year. In particular, the corporation and its subsidiaries obtained consolidated revenue of VND76 trillion (US$3.3 billion), up over 10% year on year, and pre-tax profit of nearly VND2.5 trillion, a 140% year-on-year increase. Of this, the firm earned around VND59.1 trillion in revenue and VND1.6 trillion in pre-tax profit which is 5.6 times higher than in 2015. It paid around VND4.9 trillion to the State budget, an 11% rise from the previous year. The airline operated over 133,000 safe flights carrying 20.6 million passengers in 2016, up 18.7% over 2015. It transported 264,000 tons of cargo, beating its annual target by nearly 10%. The corporation has focused on offering four-star quality service on its major domestic and international routes to southeast and northeast Asian countries, Europe and Australia. Jetstar Pacific, majority-held by Vietnam Airlines Corporation, operates mainly on domestic routes, and offers highly competitive prices, as well as on short-haul international routes, while another offshoot of the corporation, Vietnam Air Services Company (VASCO), offers general aviation services. Upon equitization, Vietnam Airlines Corporation inked a cooperation agreement with…... [read more]

State-run Viet Nam Oil and Gas Group (PetroVietnam) remains on top of the 500 largest Vietnamese enterprises list (VNR500) in 2016 in terms of revenue. Truong Hai Auto Corporation is named the country's largest private enterprise. The Top 500 Largest Enterprises list from the Revenue Ranking Board follows the Fortune 500 model. It was released on Wednesday by the Viet Nam Report Company (VNR) and online news site VietnamNet. The 10th year of the VNR500 list has honoured firms with outstanding achievements in 2016. On the list, PetroVietnam is followed by Samsung Việt Nam, Viettel Group and the Electricity of Viet Nam (EVN). On the 500 largest private firms list, Truong Hai Auto Corporation is followed by Viet Nam Dairy Products Company (Vinamilk), Doji Gold, FPT Corporation and Vingroup Joint Stock Company. VNR's survey shows that the top 500 firms were optimistic about production and business in the first 10 months of the year. However, 16 per cent of the surveyed firms reported decreasing turnover, while 15 per cent expected reduced after-tax profit in the 10-month period compared to the same period last year. Local companies have been facing many hurdles because of fluctuations and changes in the world economy and politics. The report said the number of labourers employed by businesses was stable. In the first quarter of 2017, 60 per cent of the businesses are expected to maintain their labourers. It is also forecast that in the next quarter, business will remain stable or improve, in terms of…... [read more]

State-run Viet Nam Oil and Gas Group (PetroVietnam) remains on top of the 500 largest Vietnamese enterprises list (VNR500) in 2016 in terms of revenue. Truong Hai Auto Corporation is named the country's largest private enterprise. The Top 500 Largest Enterprises list from the Revenue Ranking Board follows the Fortune 500 model. It was released on Wednesday by the Viet Nam Report Company (VNR) and online news site VietnamNet. The 10th year of the VNR500 list has honoured firms with outstanding achievements in 2016. On the list, PetroVietnam is followed by Samsung Việt Nam, Viettel Group and the Electricity of Viet Nam (EVN). On the 500 largest private firms list, Truong Hai Auto Corporation is followed by Viet Nam Dairy Products Company (Vinamilk), Doji Gold, FPT Corporation and Vingroup Joint Stock Company. VNR's survey shows that the top 500 firms were optimistic about production and business in the first 10 months of the year. However, 16 per cent of the surveyed firms reported decreasing turnover, while 15 per cent expected reduced after-tax profit in the 10-month period compared to the same period last year. Local companies have been facing many hurdles because of fluctuations and changes in the world economy and politics. The report said the number of labourers employed by businesses was stable. In the first quarter of 2017, 60 per cent of the businesses are expected to maintain their labourers. It is also forecast that in the next quarter, business will remain stable or improve, in terms of…... [read more]

Cambodia Angkor Air to open new routes to Vietnam Le Anh By Le Anh - The Saigon Times Daily HCMC - Cambodia Angkor Air is preparing to launch Sihanoukville-HCMC and Siem Reap-Danang air routes this summer using ATR 72 aircraft. The Cambodian flag carrier said in a statement that it will start Sihanoukville-HCMC service on June 17, with five weekly flights on Tuesdays, Thursdays, Fridays, Saturdays and Sundays. Its aircraft will take off in Sihanoukville at 12:40 p.m. and land in HCMC at 1:40 p.m. The departure and arrival schedules of the return service will be 2:50 p.m. and 3:50 p.m. The Siem Reap-Danang route will be opened on July 1. Flights will depart from Siem Reap at 2:30 p.m. and touch down in Danang at 4:20 p.m. on Mondays, Wednesdays and Fridays. The return service will take off at 5:00 p.m. and land at 6:55 p.m. Last October, Cambodia Angkor Air commenced services linking Cambodian capital Phnom Penh and Lao capital Vientiane and Hanoi with three weekly flights on Wednesdays, Fridays and Sundays. The airline is a joint venture between the Cambodian government and Vietnam Airlines Corporation, with the latter holding a 49% stake worth US$200 million.... [read more]

Vietnam Airlines told to report on VietAir By Mong Binh - The Saigon Times Daily HCMC - The Government has ordered Vietnam Airlines Corporation to report on the establishment of a joint-stock airline company called VietAir by April. In January, 2008, PetroVietnam Insurance Joint Stock Corp. (PVI) disclosed a plan to team up with partners to form the airline VietAir and contribute 10% of the chartered capital that could mount to some VND1-1.2 trillion (more than US$54 million). PVI said at the time that approval from Prime Minister Nguyen Tan Dung was being sought for the new airline, which also involves other State-owned enterprises. But, the company did not reveal whether VietAir would fly within Vietnam only or also to overseas destinations. The Law on Civil Aviation requires capital of at least VND200 billion (just under US$11 million) for air carriers that want to have one to ten aircraft for domestic services, and over VND500 billion for international services. Vietnam Airlines Corp. formally proposed the establishment of VietAir to the Government in October. However, the Civil Aviation Administration of Vietnam told the Daily on Thursday it had not received a detailed dossier on the establishment. According to Document 2434/TTg-DMDN, three State-owned enterprises under the umbrella of Vietnam Airlines Corp. will be equitized between now and 2010 as approved by the Prime Minister. The candidates to go public in the period are the ground commercial services enterprises at Noi Bai, Danang and Tan Son Nhat airports. The Prime Minister also approves…... [read more]




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