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Update news Vietnam Airlines
Three large-cap companies that debuted on the Ho Chi Minh Stock Exchange (HoSE) in 2019 saw their shares beaten by the benchmark VN-Index at the end of the year.
The Prime Minister has agreed to raise the maximum foreign ownership ratio in Vietnam’s aviation enterprises by 4 percent only.
The underdevelopment of infrastructure is believed to be the main reason hindering the aviation industry.
Vietnamese air carriers admit that it is not easy to attract passengers to fly non-stop between Vietnam and the US.
Director of the Civil Aviation Authority of Vietnam, Dinh Viet Thang, said it would take at least two more years for airlines to open direct routes to the US due to various issues.
The airlines are focusing on developing fleets with narrow-body aircraft to increase efficiency in the context of fierce competition.
Experts believed that the government’s decision on increasing foreign holding will be a springboard for foreign investors to penetrate into the Vietnamese burgeoning market.
Vietnam Airlines is seeking the go-ahead from the Ministry of Transport to purchase 50 narrow-body aircraft between 2021 and 2025 in a bid to secure a 55% share of the domestic air passenger transportation market and updating its existing fleet.
More specific mechanisms and legal frameworks should be created to attract funding to develop the local aviation sector’s infrastructure, which has yet to catch up with the sector’s overall development.
The Vietnamese sporting delegation on November 26 left Hanoi for the 30th Southeast Asian (SEA) Games in the Philippines on a charter flight of the national flag carrier Vietnam Airlines.
Phu Cat airport in Quy Nhon city, the south central province of Binh Dinh, is scheduled to welcome the first international flight by the end of December this year.
Vietnam's booming tourism industry has led to growth in the aviation sector, with more routes and airlines creating a new landscape for the industry.
The booming aviation sector in Việt Nam needs investment from the private sector to ensure that it has adequate airport infrastructure for continued...
Runways, infrastructure and air traffic control activities cannot keep up with the pace of aviation market development.
Three representatives of Vietnam won ICT awards for 2019 of the Asian-Oceanian Computing Industry Organisation (ASOCIO), according to the Vietnam Software and IT Services Association (VINASA).
Deals signed with US's Pratt & Whitney and Sabre Corporation.
Thien Minh Group has announced that its Kite Air will launch in the first quarter of 2020 with six aircraft and investment capital of VND5.5 trillion.
With more airlines joining the market and airlines’ fleets expanding, there are concerns that there will not be enough flight supervisors.
Prime Minister Nguyen Xuan Phuc attended the launching ceremonies of new air routes between Vietnam and Thailand on November 2, on the occasion of his attendance at the 35th summit of ASEAN and related summits in Bangkok.
The Vietnam Airlines Group, listed as HVN, earned consolidated pre-tax profit of over 3.29 trillion VND (nearly 142 million USD) in the first nine months of this year, its financial report showed on October 31.