Want to be in the loop?
subscribe to
our notification
Business News
COVID-19 GROUNDS VIETNAM INTERNATIONAL FLIGHTS
All Vietnamese carriers suspended international routes starting Wednesday to contain Covid-19, with many active patients arriving from abroad.
The last international flight from Germany’s Frankfurt operated by Vietnam Airlines, the only Vietnamese carrier to operate direct flights to European cities, landed at Van Don Airport in northern Quang Ninh Province on Wednesday, carrying 170 passengers.
The national flag carrier and Jetstar Pacific suspended all international flights from now until at least April 30.
Low cost airline Vietjet Air also stopped all routes to Southeast Asia, mainland China, India, Japan, South Korea and Taiwan until further notice.
Bamboo Airways suspended its only international flight to South Korea and canceled its plan to open a direct flight from Hanoi to Prague in the Czech Republic, originally scheduled for March 29.
The move came following Prime Minister Nguyen Xuan Phuc’s order to suspend all international flights to Vietnam amidst restricted entry into the country by air, road and sea.
Many foreign airlines have delayed or canceled flights to Vietnam. On Tuesday, Noi Bai International Airport in Hanoi only welcomed 264 Vietnamese passengers on four flights from Taiwan, Singapore, Macau and Japan, much lower than the previous week of over 2,000 entering per day. All passengers have been quarantined for 14 days.
Earlier on Sunday, Vietnam suspended entry for all foreign nationals, including those of Vietnamese origin and family members with visa waivers.
Only Vietnamese nationals and foreigners carrying diplomatic and official passports such as business managers, experts and high-skilled workers will be allowed to enter the country at this time, with all entrants quarantined for 14 days.
The country recorded 117 new infections since March 6, the majority returnees from Europe and the U.S. or those passing through pandemic-stricken areas.
The Covid-19 pandemic has killed over 18,800 people globally.
Source: Vnexpress
Related News
![Card image cap](/uploads/Logo/Cathay%20%281%29.jpg)
EXPLORE HONG KONG WITH A COMPANION
From now until 19 August 2024, you can enjoy our exclusive Fly 2 Hong Kong offer on round-trip Economy flights from USD364^ for 2 persons, sponsored by Hong Kong International Airport. Bring along a travel buddy and experience together the excitement and charm of our vibrant home city.
![Card image cap](/uploads/news/Factory%201.jpg)
BUSINESSES INCREASE WISHES FOR SPECIALISED INDUSTRIAL PARKS
Data centres, industrial parks (IPs) reserved for high-tech production, and parks serving Chinese, the United States, Taiwanese, or Japanese investors are gradually being formed to welcome new funding waves, according to Truong An Duong, general manager of North Vietnam and Residential at Frasers Property Vietnam.
![Card image cap](/uploads/news/economic.jpg)
VIETNAM’S H1 ECONOMIC GROWTH QUITE IMPRESSIVE: ADB COUNTRY DIRECTOR
Country Director of the Asian Development Bank (ADB) for Vietnam Shantanu Chakraborty has expressed his impression of the Southeast Asian nation’s economic growth of 6.4 per cent in the first half of this year. The growth was mainly driven by strong trade recovery, where export grew by 14.5 per cent and import by 17 per cent over last year, he told the Vietnam News Agency. However, he said, the domestic segment remained sluggish.
![Card image cap](/uploads/news/Infrastructure13.jpg)
REAL ESTATE FIRMS AGGRESSIVELY RESTRUCTURING BOND DEBT
From the start of 2024 to July 5, the market saw 133 private placements and ten bond public offerings, totalling over VNĐ140 trillion. 65.6 per cent of this value was from the banking sector, while real estate bonds accounted for only 24.6 per cent, or over VNĐ34.5 trillion.
![Card image cap](/uploads/news/Eco2.jpg)
GOV’T UNVEILS ACTION PLAN TO ACCELERATE INDUSTRIALISATION
Vietnam aspires to become among the top three industrial powerhouses in ASEAN, with the industrial sector contributing over 40 per cent to GDP. The manufacturing and processing sector is expected to account for around 30 per cent of GDP, with a strong emphasis on high-tech products aiming for over 45 per cent of the sector's value. To further drive the economy, the service sector is projected to contribute over 50 per cent to GDP, with tourism alone generating 14-15 per cent.
![Card image cap](/uploads/news/Investment6.jpg)
VIETNAM ONE OF FASTEST-GROWING E-COMMERCE MARKETS IN SOUTHEAST ASIA
The report released on July 16 highlighted that the total GMV of Southeast Asia’s eight leading e-commerce platforms rose to $114.6 billion in 2023, up 15 per cent from 2022. The key drivers for the region's e-commerce GMV expansion in 2023 are Vietnam and Thailand, growing 52.9 per cent and 34.1 per cent on-year, respectively.