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Vietnam Airlines to reopen more air routes to China

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Vietnam Airlines plans to resume five more routes connecting Vietnam and neighboring China in the next two months, taking the total number of its operating air routes between the two countries to nine out of the ten routes in the pre-pandemic period.

In particular, the national flag carrier will restore air services between Hanoi and Beijing in March with three flights per week.

It will also increase the frequency of flights from Hanoi and Ho Chi Minh City to Guangzhou and Shanghai to four from one or two flights per week.

In addition, four air routes between Da Nang and Guangzhou, Shanghai, and Chengdu, and between Hanoi and Chengdu are scheduled for resumption in April with two weekly flights on each route.

The airline plans to use wide-body A350 and B787 aircraft on some air routes to the northern neighbor starting in September this year.

Besides Vietnam Airlines, Vietjet Air is operating air services between Ho Chi Minh City and Shenzhen, Hangzhou, Shanghai, Sichuan, and Wuhan with six flights per week.

The budget air carrier reopened air services from Canh Ranh City under Khanh Hoa Province in south-central Vietnam to Changsha and Chengdu.

Vietjet will operate a total of 85 air routes this summer.

The reopening and increase of air routes to China are aimed at meeting travel and tourism demand between the two countries, which is forecast to recover.

A Vietnam Airlines representative said the number of passengers on air routes between Vietnam and China remains small but it is increasing.

In an optimistic scenario, China will continue easing procedures and the number of passengers on these air routes this year is expected to reach 80 percent of the figure in 2019.

After reopening its doors to international travelers in March last year, Vietnam’s domestic tourism has recovered strongly. However, its international tourism segment, which earlier accounted for 60 percent of the country’s tourism revenue, has yet to recover as expected.

Nevertheless, Vietnam has good reasons to hope for stronger recovery, especially after China reopened its doors on January 8.

Vietnam will see a recovery of the number of Chinese visitors by 50-80 percent in 2023 compared to the pre-pandemic volume, or three to 4.5 million Chinese tourists, HSBC experts forecast.

In 2019, Vietnam Airlines served 8.1 million passengers on Vietnam-China air routes, or 19 percent of the airline’s total passengers.

China was among the air carrier’s top three markets with the highest number of passengers.

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Vietnam Airlines plans to resume five more routes connecting Vietnam and neighboring China in the next two months, taking the total number of its operating air routes between the two countries to nine out of the ten routes in the pre-pandemic period.

In particular, the national flag carrier will restore air services between Hanoi and Beijing in March with three flights per week.

It will also increase the frequency of flights from Hanoi and Ho Chi Minh City to Guangzhou and Shanghai to four from one or two flights per week.

In addition, four air routes between Da Nang and Guangzhou, Shanghai, and Chengdu, and between Hanoi and Chengdu are scheduled for resumption in April with two weekly flights on each route.

The airline plans to use wide-body A350 and B787 aircraft on some air routes to the northern neighbor starting in September this year.

Besides Vietnam Airlines, Vietjet Air is operating air services between Ho Chi Minh City and Shenzhen, Hangzhou, Shanghai, Sichuan, and Wuhan with six flights per week.

The budget air carrier reopened air services from Canh Ranh City under Khanh Hoa Province in south-central Vietnam to Changsha and Chengdu.

Vietjet will operate a total of 85 air routes this summer.

The reopening and increase of air routes to China are aimed at meeting travel and tourism demand between the two countries, which is forecast to recover.

A Vietnam Airlines representative said the number of passengers on air routes between Vietnam and China remains small but it is increasing.

In an optimistic scenario, China will continue easing procedures and the number of passengers on these air routes this year is expected to reach 80 percent of the figure in 2019.

After reopening its doors to international travelers in March last year, Vietnam’s domestic tourism has recovered strongly. However, its international tourism segment, which earlier accounted for 60 percent of the country’s tourism revenue, has yet to recover as expected.

Nevertheless, Vietnam has good reasons to hope for stronger recovery, especially after China reopened its doors on January 8.

Vietnam will see a recovery of the number of Chinese visitors by 50-80 percent in 2023 compared to the pre-pandemic volume, or three to 4.5 million Chinese tourists, HSBC experts forecast.

In 2019, Vietnam Airlines served 8.1 million passengers on Vietnam-China air routes, or 19 percent of the airline’s total passengers.

China was among the air carrier’s top three markets with the highest number of passengers.

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Source: https://tuoitrenews.vn/news/business/20230208/vietnam-airlines-to-reopen-more-air-routes-to-china/71400.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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