Conference seeks solutions to stronger aviation transport

Over 350 logistics experts from airline and logistic firms worldwide gathered for a conference in Ho Chi Minh City on April 24 to discuss ways to enhance aviation transport cooperation.
Over 350 logistics experts from airline and logistic firms worldwidegathered for a conference in Ho Chi Minh City on April 24 todiscuss ways to enhance aviation transport cooperation.

Participantsfocused their discussions on development trends of aviation transportand new challenges facing airlines in Vietnam and the Asia-Pacific.

DoXuan Quang, President of the Vietnam Logistics Association, said theevent provided a venue for Vietnamese enterprises to seek newopportunities for developing supply chains, adding that it is also achance for foreign firms to enhance their strength and position in theVietnamese market.

According to Vo Huy Cuong, Deputy Head of theCivil Aviation Authority of Vietnam, there are over 50 internationalairlines from 25 countries and territories providing services inVietnam.

Vietnam’s aviation market ranksthird in the world for average growth. The airlines operating in thecountry have consistently achieved high and stable growth, hitting 12percent and 12.6 percent in passenger and goods transport, respectively,from 2010-2014.

However, links between airlines and logistics firms have been largely ignored.

Atthe event, participants also debated how to connect air transport withthe logistics sector, which is said to play an important role infostering the development of the aviation transport industry.

TheMinistry of Transport has deployed a sector restructuring plan anddesigned projects to improve capacity in management and utilisation ofinfrastructure facilities in a bid to develop logistic services.

RodrigoRayes, Regional Cargo Manager of the International Air TransportAssociation, underlined that to speed up the development of aviationtransport, it is necessary to build a transparent, synchronous andcomprehensive framework for the entire transport process.-VNA

See more

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn)

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Illustrative photo (Photo: VNA)

Retail petrol prices down in latest adjustment

The price of E5RON92 bio-fuel was priced at 20,592 VND (0.82 USD) per litre, representing a 158 VND decrease from the previous baseline, while RON95-III decreased to 21,142 VND per litre, down 78 VND.

Inside the ABB factory in Vietnam (Photo: baodautu.vn)

European investment flows gain momentum in Vietnam

European investments are expected to pick up in Vietnam following Prime Minister Pham Minh Chinh’s engagement with Czech and Polish enterprises as part of his trip to Europe to attend the 55th Annual Meeting of the World Economic Forum.