Want to be in the loop?
subscribe to
our notification
Business News
FIRST INT’L COMMERCIAL FLIGHTS MAY BE RESUMED SINCE MID-SEPTEMBER
The Civil Aviation Authority of Viet Nam (CAAV) has worked out a plan to resume international flights on August 15, with all passengers to be quarantined for 14 days on arrival.
The first international flights will to Japan and the Republic of Korea with the frequency of four trips per week for each route, CAAV Director General Dinh Viet Thang told the Viet Nam News Agency on Monday.
Thang said Viet Nam has completed consultation about the flight resumption with the Japanese and Korean sides.
The Ministry of Transport will convene a meeting on September 1 with the participation of representatives from the Ministry of Foreign Affairs, Ministry of National Defense, Ministry of Health, and Ministry of Labor, Invalids and Social Affairs to discuss the plan in detail, especially quarantine work.
Viet Nam halted all international commercial flights since April 1 in a bid to prevent importation of COVID-19. It is estimated that Vietnamese airlines will suffer a loss of US$4 billion this year.
The CAAV said five domestic airlines, namely Viet Nam Airlines, Vietjet, Bamboo Airways, Pacific Airways, and VASCO, only operated 16,400 flights between July 19 and August 18, down 45% from the same period last year.
In a bid to support the domestic carriers, the Viet Nam Aviation Business Association has called on the Government to offer the airlines credit worth over US$1 billion at preferential interest rates for three- to four-year terms.
In recent meeting on COVID-19 response, Prime Minister Nguyen Xuan Phuc reaffirmed the Government’s resolve to pursue the dual goal of containing COVID-19 and restarting the economy heavily impacted by the pandemic.
Official data released by the General Statistics Office last weekend showed that inbound tourism shrank 66.6% whil trade with the rest of the world contracted 0.3% on year in January-August.
Source: VGP
Related News
Q1 2024: 51.3 MILLION WORKERS EMPLOYED
51.3 million people in Vietnam aged 15 and above were employed during the first quarter of 2024, an increase of 174,100 compared to 2023, or 0.34 percent. The unemployment rate among the country’s working-age population has fallen by 2.24% compared to the same period last year.
FOUR COMMODITIES POST Q1 EXPORT VALUE OF OVER 5 BILLION USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.
MOIT PROPOSES SCHEME TO BOOST RENEWABLE ENERGY PROCUREMENT
The proposed Direct Power Purchase Agreement (DDPA) mechanism, outlined in the draft decree, targets organisations and individuals consuming electricity from the 22kV power grid or higher, with a monthly consumption averaging 500,000kWh. However, residential households are excluded from direct procurement.
REAL ESTATE BONDS PLACE PRESSURE ON ISSUING FIRMS
The ministry’s recent report underscores concerns within Vietnam’s corporate bond market for 2023 and 2024. It emphasizes the critical need to address hindrances to the real estate sector in line with the objectives provided in Government Resolution No. 33/NQ-CP, which aims to stabilize the industry.
DA NANG CUSTOMS FOCUSES ON DEVELOPING CUSTOMS-BUSINESS PARTNERSHIPS
Da Nang Customs Department issued an action plan for developing customs-business partnership in 2024. One of the new events this year is the workshop on “Settlement reports for enterprises engaged in outsourcing, export production and export processing” held in Da Nang Customs Department on April 16, 2024.
OVERCOMING HURDLES IN SUSTAINABLE INDUSTRIAL AND ECONOMIC ZONE DEVELOPMENT
“The path toward sustainable development for industrial zones (IZs) and economic zones (EZs) continues to encounter significant challenges. A notable concern is the instability and lack of consistency in the institutions and policies governing these zones. This inconsistency has resulted in a void of transformative impetus for socio-economic advancement,” said Dr. Nguyen Quang Tuyen from Hanoi Law University.