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Vietnam Airlines performs worst among local airlines in on-time ratings: report

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National flag carrier Vietnam Airlines scored the lowest rate of on-time flights among local airlines in 2022, the country’s aviation watchdog said in a report released on Monday.

The annual report on flight cancelations and delays by the Civil Aviation Authority of Vietnam (CAAV) covers the on-time statuses of six Vietnamese carriers, including Vietnam Airlines, budget carrier Pacific Airlines, no-frills airline Vietjet, hybrid carrier Bamboo Airways, Vietnam Air Services Co. (VASCO), and travel airline Vietravel Airlines.

The six carriers operated 312,841 flights last year, 32,260 — or 10.3 percent — of which were delayed, according to the report.

Vietnam Airlines operated 115,987 flights, 12.5 percent of which were delayed, which translated to the lowest on-time rate among the six airlines.

Vietjet delivered the second-worst on-time performance, with 13,310 out of 115,349 flights, or a 11.5-percent rate, departing behind schedule in the period.

Bamboo Airways continued to be the most punctual among the carriers for the fourth consecutive year, with only 4.9 percent of 51,959 flights delayed.

Pacific Airlines came second with a late rate of 6.1 percent, out of 16,567 flights operated.

Vietravel Airlines was slightly behind with 93 percent of 4,895 flights operated in the year arriving on time.

VASCO, a subsidiary of the national flag carrier, had 92.1 percent out of 8,084 services on time.

The carrier focuses on flights between Ho Chi Minh City and Con Dao off the southern province of Ba Ria-Vung Tau, Phu Quoc Island off the southern province of Kien Giang, and the Mekong Delta city of Can Tho.

According to the CAAV, most of the delayed flights were caused by ‘late arrival of aircraft,’ which means a late flight would affect the schedule of the next flight using the same aircraft.

In 2022, 1,155 flights were canceled. Vietnam Airlines called off 715 flights, Vietjet 266 flights, VASCO 92 flights, Bamboo Airways 64 flights, and Vietravel Airlines and Pacific Airlines nine flights each.

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National flag carrier Vietnam Airlines scored the lowest rate of on-time flights among local airlines in 2022, the country’s aviation watchdog said in a report released on Monday.

The annual report on flight cancelations and delays by the Civil Aviation Authority of Vietnam (CAAV) covers the on-time statuses of six Vietnamese carriers, including Vietnam Airlines, budget carrier Pacific Airlines, no-frills airline Vietjet, hybrid carrier Bamboo Airways, Vietnam Air Services Co. (VASCO), and travel airline Vietravel Airlines.

The six carriers operated 312,841 flights last year, 32,260 — or 10.3 percent — of which were delayed, according to the report.

Vietnam Airlines operated 115,987 flights, 12.5 percent of which were delayed, which translated to the lowest on-time rate among the six airlines.

Vietjet delivered the second-worst on-time performance, with 13,310 out of 115,349 flights, or a 11.5-percent rate, departing behind schedule in the period.

Bamboo Airways continued to be the most punctual among the carriers for the fourth consecutive year, with only 4.9 percent of 51,959 flights delayed.

Pacific Airlines came second with a late rate of 6.1 percent, out of 16,567 flights operated.

Vietravel Airlines was slightly behind with 93 percent of 4,895 flights operated in the year arriving on time.

VASCO, a subsidiary of the national flag carrier, had 92.1 percent out of 8,084 services on time.

The carrier focuses on flights between Ho Chi Minh City and Con Dao off the southern province of Ba Ria-Vung Tau, Phu Quoc Island off the southern province of Kien Giang, and the Mekong Delta city of Can Tho.

According to the CAAV, most of the delayed flights were caused by ‘late arrival of aircraft,’ which means a late flight would affect the schedule of the next flight using the same aircraft.

In 2022, 1,155 flights were canceled. Vietnam Airlines called off 715 flights, Vietjet 266 flights, VASCO 92 flights, Bamboo Airways 64 flights, and Vietravel Airlines and Pacific Airlines nine flights each.

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Source: https://tuoitrenews.vn/news/business/20230207/vietnam-airlines-performs-worst-among-local-airlines-in-ontime-ratings-report/71379.html

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Vietnam climbs to 10th on emerging global markets index

Vietnam has been ranked 10th out of the world’s top emerging markets in 2023 with regards to overall competitiveness by Agility, a global leader in supply chain services, infrastructure and innovation.

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In Southeast Asia, Vietnam is behind Malaysia, Indonesia and Thailand, but ahead of the Philippines, Myanmar and Cambodia. China and India were first and second in the overall rankings.

Vietnam ranked 11th in 2022. The index ranks countries for overall competitiveness based on their logistics strengths, business climates and digital readiness, factors that make them attractive to logistics providers, freight forwarders, air and ocean carriers, distributors and investors.

According to Agility, nearly 70% of global logistics executives say they are bracing for a recession amid higher costs, slowing demand, and ongoing supply chain disruption arising from China’s battle to contain Covid-19, Russia’s war in Ukraine, and the impact of climate change.

Ninety percent of the 750 industry professionals surveyed for the 2023 Agility Emerging Markets Logistics Index also said their shipping, storage and other logistics costs remain well above pre-pandemic levels of early 2020.

“Carriers and shippers are feeling the effects of higher energy prices, tight labor markets and broader inflation even though freight rates have fallen and ports have cleared cargo backlogs,” said Agility vice chairman Tarek Sultan.

“Three years after the start of the pandemic, there is still a lot of volatility in supply chains. Now there’s fresh uncertainty as consumers and businesses pull back on spending and hiring,” he added.

In mid-March, the World Bank said that Vietnam’s economic expansion might ease to 6.3% in 2023 from a robust 8% last year, reflecting domestic and external headwinds.

“Vietnam has the fiscal space to implement measures to boost growth, unlike many other countries,” said Carolyn Turk, World Bank country director for Vietnam.

“Effective implementation of priority public investments is key to support growth, both in the short-term and in the longer term. Also, fiscal and monetary policies must be synchronized to ensure that support to the economy and macroeconomic stability are achieved effectively,” she added.

Source: The Investor

Source: https://e.nhipcaudautu.vn/economy/vietnam-climbs-to-10th-on-emerging-global-markets-index-3351497/

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Hoa Phat Group eyes diversification with urban development

Steel giant Hoa Phat Group wants to build several major urban areas 300-500 hectares in size in the next 10 years as part of its diversification plans.

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The company is looking for potential locations, it said in a recent report.

Last year its subsidiaries bid for construction of projects in the northern provinces of Hung Yen, Phu Tho and Bac Giang.

One of them is the 262-hectare Bac Pho Noi Urban Area in Hung Yen with malls, offices, apartment buildings, and villas.

The first phase of the project is set to cost VND6.5 trillion ($276.30 million), and basic infrastructure is now complete.

Though Hoa Phat has been involved in property development for 21 years, its activities were mostly in Hung Yen and Ha Nam Provinces and involved a total area of 1,100 hectares.

It also has four small apartment projects in Hanoi.

Last year property, mostly industrial complexes, fetched it revenues of VND1.43 trillion, or 1% of its total revenues, and 3% of its profits.

It plans to expand its Yen My 2 industrial complex in Hung Yen this year, and have a total of 10 industrial complexes within a decade.

Source: VnExpress

Source: https://e.nhipcaudautu.vn/companies/hoa-phat-group-eyes-diversification-with-urban-development-3351524/

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Northern Vietnamese province exports first fresh sugarcane batch to US

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Hoa Binh Province in northern Vietnam on Sunday held a ceremony to ship the first batch of fresh sugarcane totaling 17.3 metric tons stateside after six months of negotiations.

The provincial Department of Agriculture and Rural Development on Monday said it joined hands with the People’s Committee of Lac Son District and companies to hold the ceremony.

With the support of the Plant Protection Department under the provincial Department of Agriculture and Rural Development, local firms have met U.S. technical requirements.

The fresh sugarcane was collected, processed and packaged by Tien Ngan Trading Investment Co. Ltd.. Apart from the sugarcane, 10 sugarcane juicers were also sent stateside.

Speaking at the ceremony, vice-chairman of the Hoa Binh People’s Committee Dinh Cong Su expected the province to improve its initial achievements to expand the markets for many other agricultural products.

The export of sugarcane to foreign markets and the expansion of production will contribute to the development of the province’s sugarcane sector, Su said.

According to director of the provincial Department of Agriculture and Rural Development Nguyen Huy Nhuan, sugarcane holds high potential for export. 

Over the past few years, Tien Ngan Trading Investment Co. Ltd. has shipped nearly 100 metric tons of sugarcane to the European Union and South Korea.

The provincial Department of Agriculture and Rural Development will continue to create the most favorable conditions for local enterprises trading agricultural products to expand their markets, Nhuan added.

According to a report by the department, Hoa Binh exported its first 120 kilograms of sugarcane to Japan in 2019. 

The volume has increased sharply since then to reach 5.7 metric tons in 2020, 74 metric tons in 2021, and 300 metric tons last year.

In addition to Japan, the product has been supplied to South Korea, the United Kingdom, and the European Union.

More fresh sugarcane batches will be exported to South Korea this month.

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

Hoa Binh Province in northern Vietnam on Sunday held a ceremony to ship the first batch of fresh sugarcane totaling 17.3 metric tons stateside after six months of negotiations.

The provincial Department of Agriculture and Rural Development on Monday said it joined hands with the People’s Committee of Lac Son District and companies to hold the ceremony.

With the support of the Plant Protection Department under the provincial Department of Agriculture and Rural Development, local firms have met U.S. technical requirements.

The fresh sugarcane was collected, processed and packaged by Tien Ngan Trading Investment Co. Ltd.. Apart from the sugarcane, 10 sugarcane juicers were also sent stateside.

Speaking at the ceremony, vice-chairman of the Hoa Binh People’s Committee Dinh Cong Su expected the province to improve its initial achievements to expand the markets for many other agricultural products.

The export of sugarcane to foreign markets and the expansion of production will contribute to the development of the province’s sugarcane sector, Su said.

According to director of the provincial Department of Agriculture and Rural Development Nguyen Huy Nhuan, sugarcane holds high potential for export. 

Over the past few years, Tien Ngan Trading Investment Co. Ltd. has shipped nearly 100 metric tons of sugarcane to the European Union and South Korea.

The provincial Department of Agriculture and Rural Development will continue to create the most favorable conditions for local enterprises trading agricultural products to expand their markets, Nhuan added.

According to a report by the department, Hoa Binh exported its first 120 kilograms of sugarcane to Japan in 2019. 

The volume has increased sharply since then to reach 5.7 metric tons in 2020, 74 metric tons in 2021, and 300 metric tons last year.

In addition to Japan, the product has been supplied to South Korea, the United Kingdom, and the European Union.

More fresh sugarcane batches will be exported to South Korea this month.

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

Source: https://tuoitrenews.vn/news/business/20230321/northern-vietnamese-province-exports-first-fresh-sugarcane-batch-to-us/72180.html

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