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    Bumps ahead for the giants of transport – VietNamNet

    After enduring months of losses, state-owned transport giants Vietnam Railways and Vietnam Airlines are pinning hopes on a financial lifebuoy to recover from the incurred losses – but even significant support may not be enough for them. Vietnam Airlines has been clamouring for more financial assistance as the pandemic refuses to subside. The national flag carrier Vietnam Airlines on July 7 signed a credit agreement of VND4 trillion ($174 million) with the three commercial banks of SeABank, MSB, and SHB in the form of refinancing of the State Bank of Vietnam. The airline’s chairman Dang Ngoc Hoa said, “When the […] More

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    VIETNAM BUSINESS NEWS JULY 7 – VietNamNet

     Disbursement of public investment must be sped up in H2 National Road No 57 being upgraded. The Government asked for the disbursement of public investment to be sped up in the second half of this year to drive economic growth in the pandemic.  The disbursement of public investment must be sped up in the second half of this year as an important solution to accelerate economic growth amid the COVID-19 pandemic, according to the Ministry of Planning and Investment. This was stressed in the Government’s Resolution No 63/NQ-CP issued in late June about major tasks to accelerate economic growth, speed […] More

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    Vietjet offers millions of 77-percent-off tickets flying from Hanoi | Business | Vietnam+ (VietnamPlus)

    Budget carrier Vietjet is offering an attractive promotion programme “Double day, Super sale, Let’s Vietjet”. (Photo courtesy of Vietjet) HCM City (VNA) – Budget carrier Vietjet is offering an attractive promotion programme “Double day, Super sale, Let’s Vietjet”. Under the programme, on July 7, 2021, customers applying the promotion code “FlyDeal77” will get 77 percent discount on Eco fares, excluding taxes and fees. Promo code is applied to all routes departing from Hanoi to attractive destinations including Da Nang, Da Lat, Phu Quoc, Quy Nhon,etc, with the flexible flight period from September 7 to December 31, 2021. Moreover, all passengers […] More

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    Airbus Vietnam Training Centre at Vietjet to offer A320 type-rating courses | Society | Vietnam+ (VietnamPlus)

    Airbus Vietnam Training Centre has been approved to offer A320 type-rating courses (Photo: Vietjet) HCM City (VNA) – The Airbus Vietnam Training Centre (AVTC) has received regulatory approvals by the Civil Aviation Authority of Vietnam (CAAV) and European Union Aviation Safety Agency (EASA) for the provision of A320 Type Rating courses.   AVTC owns two A320 Full Flight Simulators and two A320 Flight Training Devices, which are located at the Vietjet Aviation Academy (VJAA) in Ho Chi Minh City and are operated by Airbus and Vietjet. The facilities are currently used primarily by Vietjet for recurrent and instructor training. AVTC has plans […] More

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    Vietjet sets 2021 revenue target of 945 million USD this year | Business | Vietnam+ (VietnamPlus)

    Illustrative photo (Source: VNA) Hanoi (VNA) – Vietjet Aviation Joint Stock Company (HoSE: VJC) targets a consolidated revenue of 21.9 trillion VND (945 million USD) in 2021, achieving year-on-year growth of 20 percent. In particular, Vietjet will strive to achieve an air transport revenue of 15.5 trillion VND (670 million USD) by the year-end. These figures were announced at the company’s Annual General Meeting of Shareholders 2021 in Ho Chi Minh on June 29. Such goals will be mainly driven by an exponential increase in cargo revenue, new services in air transport, personnel training and aircraft maintenance and several investments […] More

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    Vietjet eyes 15 pct stake sale – VnExpress International

    By Dat Nguyen  &nbspJune 29, 2021 | 10:39 am GMT+7 Vietjet aircraft seen at Tan Son Nhat International Airport in Ho Chi Minh City. Photo by VnExpress/Quynh Tran. Budget carrier Vietjet Air plans to sell a 15 percent stake in a private placement. It plans to sell 81 million shares at the average price of at least the last 10 sessions on the stock market but has not disclosed the timing or buyer’s identity. As of Tuesday, the average figure was VND115,700 ($5.02), putting the value of the deal at over VND9.3 trillion ($403 million). There will be a lock-up […] More

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    Ministry takes action to save local airlines – VietNamNet

    The Ministry of Planning and Investment (MPI) proposed plenty of solutions aiming to save airlines from bankruptcy. Airlines get stuck in adversity. In the latest draft Vietnamese business report for 2020 and 2021’s first five months released on June 17, the MPI proposed the State Bank of Vietnam to submit the government plans for a 4 per cent supporting interest rate on bank loans taken up by airlines between 2021 and 2023. In addition, the ministry also recommended the Ministry of Transport (MoT) to revise Circular No.19/2020/TT-BGTVT to extend the 50 per cent discount on taking off and landing service […] More

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    Vietjet Air offers major promotion on Cashless Day | Business | Vietnam+ (VietnamPlus)

    Vietjet aircraft Hanoi (VNA) – Vietjet has launched the new promotion campaign “Cashless Day, book free tickets, let’s Vietjet” to celebrate the “Cashless Day” (June 16). Accordingly, customers who buy tickets and pay online on June 16, enter the code “Cashless100” to receive a 100 percent discount on Eco tickets, code “Cashless30” with 30 percent discount on Deluxe tickets and code “Cashless50” to get 50 percent discount on SkyBoss tickets. Promotion code is applied to all flight routes across Vietnam. Promotional tickets are up for grabs at website www.vietjetair.com, Vietjet Air mobile app, Facebook at www.facebook.com/vietjetvietnam (section “Booking”) with the […] More

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