The airline, in which conglomerate FLC owns a 51.29 percent stake, posted a pre-tax profit of over VND400 billion last year, up 34 percent from 2019. The airline began flying in 2019, and carried over four million passengers last year, a 40 percent increase from the previous year. It has a fleet of nearly 30 aircraft and plans to expand it to 50 this year. It has the best on-time performance in the country.
Hundreds of multinational companies that invested heavily in Myanmar, including apparel firms like Samsonite, Adidas, and H&M, technology firms like Twitter, Microsoft and Facebook, and consumer goods firms like Coca-Cola, Johnson and Johnson and Unilever, are in crisis mode today. Capital meant for Myanmar may seek havens in Vietnam and…
The foreign direct investment (FDI) capital into Vietnam reached $5.46 billion in January and February 57 per cent of EuroCham members predicted “stabilisation and improvement” in the first three months of 2021 Visit Vietnam Insider’s homepage for more stories Foreign investor Foxconn Singapore Pte., Ltd. has recently decided to pour…
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing international concern about climate change, Nikkei has learned. Visit Vietnam Insider hompage for more stories. The project is separate from the Vung Ang 2 coal power plant, which the governments of Japan…
The increasing importance of Vietnam in global supply chains is great potential helping to enhance the Vietnam-India relations, particularly between small- and medium-sized enterprises (SME) that are considered the main drivers for economic growth in each country, heard an online conference on February 25. The bilateral trade-investment promotion conference titled…
It plans to provide aircraft maintenance services, supply jet fuel and meals, serve passengers in lounges, and set up duty-free shops, the carrier said in a proposal to authorities. These are services the state-owned carrier already provides at major airports in the country. It will bring in 30 percent of…
Its job announcement said they are required to assemble electronic components in Bac Ninh’s Que Vo District and Vietnam Singapore Industrial Park and Bac Giang’s Quang Chau Industrial Zone, and would be paid a salary of VND8-10 million ($350-440) a month. Vietnam is this Apple manufacturing partner’s largest production base…
“Over recent months, Global Law Experts has conducted its extensive nomination and research process for our 12th Annual GLE Awards. The shortlisted candidates were judged on client testimonials, key cases, legal rankings, overall reputation, publication contributions, speaking engagements and the performance and standing of teams and individual lawyers” said James…
On February 16, MM issued a proposal to support “connecting and consuming agricultural products in Hai Duong province” and endorsed by the Domestic Market Department (Ministry of Industry and Trade), the People’s Committee of Hai Duong province, the Department of Industry and Trade of Hai Duong and Hanoi. These ”Accompany…
Among ASEAN countries, Vietnam climbs three spots to No. 8 overall. Asia-Pacific Countries Dominate Agility Emerging Markets Index with China, India, Indonesia, Malaysia among leaders in global logistics ranking. Visit Vietnam Insider’s homepage... Read more »
Vietnam’s Vinfast gets permit to test self-driving vehicles in California, according to Reuters. Another Vietnam’s driver-less car got the green light but no further updates since 2018. Visit Vietnam Insider’s homepage for more... Read more »
The nation’s largest dairy company in Vietnam, Vinamilk will have a 51 percent share in Vibev, the new company, and Kido, a producer of ice-cream and cooking oil, will own the rest. Vibev,... Read more »
EU firms show optimism on Vietnam’s business climate in 2021. Confidence of the EU’s business community on the local economy has been strengthened over the last year. Visit Vietnam Insider’s homepage for more... Read more »
Samsung quietly releases the Galaxy M12 onto store shelves in Vietnam. Samsung’s new M-branded budget device would’ve looked entirely like a rebadged Galaxy A12. Visit Vietnam Insider’s homepage for more stories. Samsung has... Read more »
Nguyen Dang Quang Masan Group fulfilled its business plan set by the shareholders’ meeting with consolidated net revenue of VND77.218 trillion, up by 107 percent from 2019 and net profit of VND1.234 trillion... Read more »
Nguyễn Tuấn, deputy director of the HCM City Investment and Trade Promotion Centre (ITPC), told the ‘Start your own business with franchise model’ seminar in the city last week: “With its positive economic... Read more »
This makes Vietjet one of the few airlines in the world that did not reduce its workforce, the carrier said in its latest financial statement. The second largest airline in Vietnam in terms... Read more »
The properties are located within the Yen Phong Industrial Zone in Dung Liet Commune, Yen Phong District, Bac Ninh Province, Vietnam. Both are well connected to civil infrastructure and enjoy good connectivity to... Read more »
Founder draws on her experience for English-language app ELSA’s backers led by Vietnam Investments Group, SIG Visit Vietnam Insider’s homepage for more stories ELSA, a mobile app that helps non-native English speakers improve... Read more »