Deputy Prime Minister Trinh Dinh Dung has approved Bamboo Airways’ investment project at Phu Cat Airport in the south central province of Binh Dinh. (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Trinh DinhDung has approved Bamboo Airways’ investment project at Phu Cat Airport in the southcentral province of Binh Dinh.
The project aims to make Bamboo Airways one of Vietnam’sleading carriers with a total investment of 700 billion VND (31.4 million USD).
The project plans to purchase ten Airbus 320 and 321 orBoeing 737 aircraft by 2023. It is permitted to operate for 50 years, startingfrom July 9, 2018.
The Deputy PM asked the Ministry of Transport to verifythe project and grant it an aviation business license, while the People’sCommittee of Binh Dinh was tasked with supervising the implementation of theproject.
In May 2017, property developer FLC Group announced it wouldestablish the Viet Bamboo Airways Company, a hybrid airline which will blendlow-cost traits with those of traditional or full-service carriers. It also aimsto be the first in Vietnam to provide First Class seats.
The carrier plans to serve 24 domestic air routes,including Thanh Hoa-Quy Nhon, Thanh Hoa-Phu Quoc, Thanh Hoa-Nha Trang and HaiPhong-Quy Nhon. It will also launch international flights to Japan, theRepublic of Korea, China, Singapore, Thailand, Hong Kong, Taiwan, the Philippines,the US and Europe.
In March, FLC Group inked an agreement with Frenchmanufacturer Airbus to buy up to 24 A321neo aircraft, worth 3 billion USD, forBamboo Airways.
Three months later, the group signed a deal with Boeingfrom the US to purchase 20 wide-body 787-9 Dreamliners, worth up to 5.6 billionUSD, to serve long international routes.
Bamboo Airways is set to startoperations in 2019 with aircraft on lease from third-party lessors beforetaking delivery of the aircraft from Airbus.
The airline expects to own a fleet of more than 200aircraft by 2020 and 400 by 2030 and to make up 3 – 5 percent of the country’saviation market share, according to General Director Dang Tat Thang.–VNA
Property developer FLC Group, which owns Viet Bamboo Airways Company Limited (Bamboo Airways), has decided to buy 24 A321 Neo aircraft worth 3 billion USD from French manufacturer Airbus.
FLC Group plans to open 40 local and international routes after its carrier, Bamboo Airways, becomes operational, said Dang Tat Thang, General Director of the airline.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Deputy Prime Minister Trinh Dinh Dung has approved Bamboo Airways’ investment project at Phu Cat Airport in the south central province of Binh Dinh. (Photo: VNA)
