Deputy Prime Minister Trinh Dinh Dung recently signed Decision No. 457/QD-TTg approving the Vietravel Airlines project of Vietravel - one of the country’s largest tour operators.
Hanoi (VNA) - Deputy Prime Minister Trinh Dinh Dung recently signed DecisionNo. 457/QD-TTg approving the Vietravel Airlines project of Vietravel - one ofthe country’s largest tour operators.
With investment of 700 billion VND (30.4 million USD), the project aims toprovide domestic and overseas air transport services and contribute toimproving the capacity of Vietnam’s air transport and tourism as well as socio-economicdevelopment amid global integration.
It will be put into operation at Phu Bai International Airport in the central provinceof Thua Thien Hue and have a lifespan of 50 years.
During its first year of operation, the carrier will use three Airbus, Boeing,or equivalent aircraft, which will then rise to eight by its fifth year.
Vietnam currently has five operational airlines: national flag carrier VietnamAirlines, budget carrier Jetstar Pacific (majority-owned by Vietnam Airlines),Vietjet Air, Vietnam Air Services (VASCO), and Bamboo Airways. Two others -Kite Air and Vietstar Air - are awaiting operational authorization.
Vietnamese airlines are among many around the world suffering heavy losses fromthe impact of COVID-19. The transport ministry has put the initial damage fromsuspending flights at some 30 trillion VND (1.3 billion USD).
The Civil Aviation Administration of Vietnam recently issued two scenarios. Thefirst is that if the disease is controlled before the end of April, the totalnumber of passengers this year will reach 67 million, down 15 percent against2019.
🉐 In the second, where the market worsens but the pandemic is controlled in thesecond quarter, passenger numbers will stand at 61.2 million, down 22.6 percentyear-on-year./.
The imminent loss of tourism revenue due to the current spread of deadly coronavirus has prompted authorities and businesses to discuss plans to revive the tourism industry when the epidemic ends.
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.
At Phu Bai International Airport (Photo: VNA) 
