Jetstar Pacific enjoys 14.3 percent rise in passengers this year
Budget airline Jetstar Pacific is estimated to have served 6.2 million passengers and earned about 9.1 trillion VND (391.3 million USD) in revenue this year, year-on-year increases of 14.3 percent and 27.6 percent, respectively.
Hanoi (VNA) – Budget airline Jetstar Pacific isestimated to have served 6.2 million passengers and earned about 9.1 trillionVND (391.3 million USD) in revenue this year, year-on-year increases of 14.3percent and 27.6 percent, respectively.
Its profit exceeded the yearly target to reach 161 billionVND (7 million USD).
The airline operated more than 40,000 flights in 2018, up10.8 percent from last year, with passenger load factor gaining 2 percent.
In the third quarter of 2018, the high travel season,Jetstar Pacific saw significant growth in the number of domestic and foreignflyers, expanding 31.7 percent and 18.5 percent, respectively.
In the low season during the final quarter, Jetstar hasfocused on aircraft maintenance to improve service quality and flight safetyand prepare for the Tet holiday, the traditional Vietnamese New Year, when travellernumbers are expected to increase 12 percent year on year.
According to a study by House of Brand, a global researchagency, most passengers flying with Jetstar Pacific said the airline’s serviceswere better than what they imagined, while monthly surveys showed that some 99percent of Jetstar Pacific passengers were satisfied with the carrier’s servicequality and ready to fly with it again.
Jetstar Pacific, whose two major shareholders are VietnamAirlines and Australia-based Qantas Group, was Vietnam’s first first budgetairline when it was established under the name Pacific Airlines in 1990. Itoperates about 750 flights each week that connect 16 destinations in Vietnamand 180 others in 18 countries and territories around the world.
It was awarded the highest seven-star safety ranking fromthe world’s safety and product rating agency AirlineRatings.com in October,alongside national flag carrier Vietnam Airlines.
Earlier this week, the airline announced it will add morethan 80,000 seats on domestic flights to meet peak travel demand during the Tetholiday. –VNA
Jetstar Pacific will increase flights between the central city of Da Nang and Taipei, Taiwan (China) to five round trips per week to meet rising travelling demand, announced the budget carrier on October 26.
The number of airline passengers hit 58.7 million in the first 10 months of this year, a rise of 13.6 percent year-on-year, according to the Civil Aviation Authority of Vietnam (CAAV).
The budget carrier, Jetstar Pacific, will increase flights linking Hanoi and the Mekong Delta city of Can Tho on Airbus A320s during the upcoming Lunar New Year festival 2019.
Vietnam Airlines and Jetstar Pacific have announced that they will add more than 134,000 seats on domestic flights serving the peak Lunar New Year (Tet) season between January 20 and February 19.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.