Current news

Domestic tourists increase from 20 million in 2009 to 80 million in 2019. — Photo dulichvietnam.com   HÀ NỘI — Việt Nam's booming tourism industry has led to growth in the aviation sector, with more routes and airlines creating a new landscape for the industry. According to data from the Vietnam National Administration of Tourism (VNAT), the number of international tourists visiting the country grew from 4.25 million in 2008 to 15.5 million in 2018, while the number of domestic tourists rose from 20 million in 2009 to 80 million this year. In the last ten years, total revenue from tourism has climbed more than ten times from VNĐ60 trillion (US$2.59 billion) in 2008 to VNĐ620 trillion in 2018, accounting for 7.8 per cent of the country's GDP. Việt Nam's aviation market had developed strongly during that time, with average revenue growth of 17.4 per cent, two times higher than the 7.9 per cent average in Asia, according to the … [Read more...] about Tourism helps more airlines take off in Vietnam

  A SSI trading office. The brokerage shares gained 0.5 per cent on Tuesday. — Photo cafef.vn HÀ NỘI — Vietnamese shares advanced on Tuesday as investors began seeking opportunities in the market’s current short-term decline. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.54 per cent to close at 1,008.35 points. The VN-Index had fallen a total of 1.51 per cent in the previous four trading days between November 13 and November 18. Attention was paid into large-cap and mid-cap baskets, boosting the two indices up 0.56 per cent and 0.42 per cent, respectively. Large-cap stocks recovered from the previous four-day fall such as Vietcombank (VCB), dairy producer Vinamilk (VNM), tech giant FPT Corp (FPT), Techcombank (TCB) and retailer Mobile World (MWG). Shares of those large-cap companies gained between 1 per cent and 3.9 per cent. Other winners included Bank for Investment and Development of Vietnam (BID), Military Bank (MBB), … [Read more...] about VN stocks bounce as opportunities arise at low-price ranges

  A rendering of the proposed Long Thành International Airport in the southern province of Đồng Nai, which is still in the preparation process, with the first stage set to be completed in 2025. — Photo courtesy of Airports Corporation of Việt Nam  Bồ Xuân Hiệp HCM CITY — The booming aviation sector in Việt Nam needs investment from the private sector to ensure that it has adequate airport infrastructure for continued expansion, experts have said. With double-digit growth over the last five years, the sector is under pressure because of the rising number of airlines and aircraft now operating in the market.    The five airlines that operate in Việt Nam are Vietnam Airlines, VietJet Air, Jetstar Pacific Airlines, Vasco and Bamboo Airways. However, Việt Nam will need about 10 airlines in the near future to meet demand, … [Read more...] about Aviation industry seeks private investment amid explosive growth

Focusing on legislation and involvement of the public and private sectors are a driving force for attracting investment in transport projects, including the North-South Expressway project. — Photo mt.gov.vn HÀ NỘI — Focusing on legislation and involvement of the public and private sectors are a driving force for attracting investment in transport projects, including the North-South Expressway project, said Transport Deputy Minister Nguyễn Ngọc Đông at a workshop wher World Bank experts and officials of related ministries discussed the implementation plan of the project. Speaking at the workshop on April 26, Đông said that a key challenge in infrastructure development in Việt Nam is that the country’s public investment on infrastructure only meets 25 to 30 per cent of demand. The Vietnamese Government is now calling for the involvement of private companies in transport projects under public-private … [Read more...] about North-South Expressway requires public-private partnership: WB

  The first entertainment and shopping centre of the northwest urban area will be opened later this year in Đà Nẵng. The centre was developed by Trungnam Land joint-stock company and VV Mall – a luxurious shopping centre. VNS Photo Công Thành  ĐÀ NẴNG — Trungnam Land Joint Stock Company, a member of Trung Nam Group, and VV Mall – a luxurious shopping centre – have agreed to develop the first shopping-entertainment centre on the newly debuted Đà Nẵng Information Technology Park (DITP) Tower at Golden Hills urban area. General Director of Trungnam Land Huỳnh Hải Sơn told Việt Nam News the shopping centre will cover 5,000sq.m on the 18-storey tower, opening later this year. Sơn said the centre will serve the largest urban area in the northwest region of the city, the Đà Nẵng Information Technology Park, the Đà Nẵng Hi-tech Park as … [Read more...] about Northwest Đà Nẵng urban shopping centre to open