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Boeing seeks to meet with Vietnamese companies to build a global supply chain.

The same as top companies like Samsung, Intel, and Apple, Boeing is taking steps to get ready for a supply chain strategy in Vietnam’s manufacturing sector.

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7 months ago

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At a news conference on August 25, at the Boeing Aerospace Industry Forum, the country director for Boeing Vietnam Michael Nguyen reported their desire to find manufacturers and suppliers in Vietnam.

Mr. Nguyen said that Boeing currently has 7 suppliers headquartered in Vietnam, but only one Vietnamese company. In the long term, Boeing wants to work directly with Vietnamese suppliers Since the majority of Vietnamese suppliers are now connected to Boeing through Japanese and Korean.

Boeing purchased spare parts from suppliers all around the world, and discover that Vietnam is a prospective market with a highly capable labor force and professionals. In order to grow, Boeing wants to follow the ways of Samsung and Intel to expand in Vietnam.

About regional vice president of Asia Supply Chain for Boeing Craig Abler addressing at the conference, Boeing is working to improve its competitiveness in the face of intensifying international competition. In order to be successful, Boeing makes investments and utilizes the finest human resources and capacity, which results in the creation of the best goods and services that can compete in the market.

Boeing predicts that Southeast Asia will experience the world’s fastest development in the aviation industry. The area is predicted to require roughly 4,000 aircraft over the next 30 years, with Vietnam poised to set the trend.

Source: Vnbusiness

Source: https://e.nhipcaudautu.vn/companies/boeing-seeks-to-meet-with-vietnamese-companies-to-build-a-global-supply-chain-3347561/

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Travel giant Saigontourist expects $146 mln gross profit in 2023

Saigontourist Group, Vietnam’s leading travel company, is targeting a gross profit of VND3.43 trillion ($145.69 million), up 22.5% year-on-year.

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5 hours ago

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March 27, 2023

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The corporation is aiming for a revenue of VND14 trillion ($594 million) in 2023, up 22% year-on-year, according to data released at its business review meeting on Tuesday.

In 2023, Saigontourist Group expects to welcome 1.68 million visitors, up 62.3% compared to 2022.

Truong Duc Hung, deputy CEO of Saigontourist, said that in order to achieve those targets, the group will focus on synchronously and flexibly deploying solutions to recover domestic and international markets. 

“We will build a synchronous and unique ecosystem of products through its strengths in accommodation, travel, cuisine, entertainment, conferences, and seminars,” he said.

In 2022, Saigontourist served 1.12 million visitors, up 199% year-on-year and up 13% compared to the target. 

The group’s revenue reached VND12.2 trillion ($518.2 million), up 104.8% year-on-year and up 17.3% compared to the target. Its gross profit hit VND3 trillion ($127.43 million), up 368.7% and 48.1%, respectively.

Established in 1975, Saigontourist is managing more than 100 hotels, resorts, restaurants, tour operators, amusement parks, tourism training schools, exhibition areas, conference and seminar centers, golf courses, and cable TV etc.

Source: The Investor

Source: https://e.nhipcaudautu.vn/companies/travel-giant-saigontourist-expects-146-mln-gross-profit-in-2023-3351468/

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Vietnam Airlines restarts air services between Hanoi and Beijing

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7 hours ago

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March 27, 2023

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Vietnam’s national flag carrier Vietnam Airlines has resumed its regular flights linking Hanoi and Beijing after a three-year pause due to the COVID-19 pandemic.

The airline’s flight VN513 departed from Beijing at 3:30 pm and landed in Hanoi at 5.55 pm on Sunday.

Before the resumption of the Beijing-Hanoi flight, Vietnam Airlines held a welcoming ceremony for the passengers on board at Beijing International Airport, with the participation of Vietnam and China’s competent agencies and enterprises and over 100 passengers.

The air carrier is operating the Hanoi-Beijing air route with a frequency of three round-trip flights a week.

The airline will start increasing its frequency from mid-2023, while planning to open an air route connecting with Beijing’s Daxing International Airport.

China is one of Vietnam Airlines’ biggest international source markets. The air carrier has reopened most of its air routes linking Vietnam to China, said a representative of the airline.

The airline will resume four air routes connecting Da Nang in Vietnam’s central region with China’s Guangzhou, Shanghai and Chengdu, and between Hanoi and Chengdu in the coming months. 

Vietnam Airlines is set to use wide-body Airbus A350 and Boeing 787 aircraft for its routes with China.

The resumption of air services between the two countries will contribute to speeding up the post-pandemic tourism recovery and driving up bilateral trading activities, apart from helping fulfill Vietnam’s target of attracting international tourists in 2023.

Vietnam looks to serve 110 million tourists in 2023, with some eight million from abroad and 102 million domestic visitors. The country is also expected to earn about VND650 trillion (US$27.5 billion) in tourism revenue this year.

In 2022, over 3.66 million international tourists traveled to Vietnam, a year-on-year surge of 23.3-fold, according to data from the General Statistics Office of Vietnam.

Over 89 percent of the total arrived in Vietnam by air, up 29.5-fold against 2021, local media reported.

After China added Vietnam to its list of approved countries for group tours on March 15, Vietnamese airlines are racing to transport passengers between the two destinations. 

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Vietnam’s national flag carrier Vietnam Airlines has resumed its regular flights linking Hanoi and Beijing after a three-year pause due to the COVID-19 pandemic.

The airline’s flight VN513 departed from Beijing at 3:30 pm and landed in Hanoi at 5.55 pm on Sunday.

Before the resumption of the Beijing-Hanoi flight, Vietnam Airlines held a welcoming ceremony for the passengers on board at Beijing International Airport, with the participation of Vietnam and China’s competent agencies and enterprises and over 100 passengers.

The air carrier is operating the Hanoi-Beijing air route with a frequency of three round-trip flights a week.

The airline will start increasing its frequency from mid-2023, while planning to open an air route connecting with Beijing’s Daxing International Airport.

China is one of Vietnam Airlines’ biggest international source markets. The air carrier has reopened most of its air routes linking Vietnam to China, said a representative of the airline.

The airline will resume four air routes connecting Da Nang in Vietnam’s central region with China’s Guangzhou, Shanghai and Chengdu, and between Hanoi and Chengdu in the coming months. 

Vietnam Airlines is set to use wide-body Airbus A350 and Boeing 787 aircraft for its routes with China.

The resumption of air services between the two countries will contribute to speeding up the post-pandemic tourism recovery and driving up bilateral trading activities, apart from helping fulfill Vietnam’s target of attracting international tourists in 2023.

Vietnam looks to serve 110 million tourists in 2023, with some eight million from abroad and 102 million domestic visitors. The country is also expected to earn about VND650 trillion (US$27.5 billion) in tourism revenue this year.

In 2022, over 3.66 million international tourists traveled to Vietnam, a year-on-year surge of 23.3-fold, according to data from the General Statistics Office of Vietnam.

Over 89 percent of the total arrived in Vietnam by air, up 29.5-fold against 2021, local media reported.

After China added Vietnam to its list of approved countries for group tours on March 15, Vietnamese airlines are racing to transport passengers between the two destinations. 

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/business/20230320/vietnam-airlines-restarts-air-services-between-hanoi-and-beijing/72181.html

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Be Group receives investment from GSM

Be Group and Vingroup’s Green and Smart Mobility Joint Stock Company (GSM) have signed an investment cooperation agreement to bring electric vehicles and electric motorbikes into operation in transport services in Vietnam.

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11 hours ago

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March 27, 2023

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Under the agreement, Be Group will receive direct investment from GSM to become a multi-service consumer platform and provide the best technology transportation service in Vietnam.

Through financial partners, GSM will also support Be Group drivers to switch from gasoline vehicles to electric vehicles.

In the first phase of their cooperation, the two will partner with the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to offer exclusive policy deals to Be drivers to rent or purchase VinFast electric vehicles and motorbikes.

They will also share a ride-hailing platform. Customers can choose from GSM’s electric taxi service or beCar and beTaxi when booking on the Be platform.

With economical operating costs and “no noise, no emissions” experience, electric vehicles and motorbikes will help Be Group and its drivers improve service quality and optimize business efficiency.

Mr. Nguyen Van Thanh, General Director of GSM, said the cooperation agreement is an important step in the strategy of “greening” public transport in Vietnam that GSM is seriously and vigorously implementing. “This agreement will give hundreds of thousands of Be Group drivers the opportunity to switch to smart, modern, environmentally-friendly electric vehicles at a reasonable cost,” he added.

“We believe that our cooperation with GSM can help realize the ambition of greening the streets in a shorter time, so that users and drivers can experience safe, noise-free transportation at a fair cost,” Ms. Vu Hoang Yen, General Director of the Be Group, said. “This cooperation also demonstrates our contribution to the government’s overall policy in committing and implementing solutions towards reaching the goal of ‘net zero emissions’ by 2050.”

GSM was launched earlier this month by Vingroup Chairman Pham Nhat Vuong. The company has charter capital of $125.7 million, with the Vietnamese billionaire owning a 95 per cent stake. On top of operating its own services, GSM will also provide vehicles for online and traditional taxi service providers.

Under the plan, GSM will officially put into operation the electric taxi service and lease VinFast electric vehicles and motorbikes in April, with up to 10,000 cars and 100,000 motorbikes.

Together with Be Group drivers converting to electric vehicles and motorbikes, green transport services promise to quickly explode in Vietnam in the near future.

Be Group is the startup behind the “Be” multi-service consumer platform. It provides services such as transportation, goods delivery, food delivery, grocery shopping, insurance, and telecommunications, as well as digital banking through Cake by VPBank.

Last September, it secured a loan facility of some $60 million from Deutsche Bank, with the option to increase the financing to $100 million.

Source: VnEconomy

Source: https://e.nhipcaudautu.vn/companies/be-group-receives-investment-from-gsm-3351477/

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