Vietnam Airlines extends global reach with partnerships in UAE

In a move to expand its international presence, national flag carrier Vietnam Airlines has signed bilateral memoranda of understanding (MoUs) with two of the world’s premier airlines, Etihad Airways and Emirates.

At the signing ceremony (Photo: VNA)
At the signing ceremony (Photo: VNA)

Hanoi (VNA) – In a move to expand its international presence, national flag carrier Vietnam Airlines has signed bilateral memoranda of understanding (MoUs) with two of the world’s premier airlines, Etihad Airways and Emirates.

The signing ceremony took place within the framework of the Vietnam - United Arab Emirates (UAE) business roundtable held in Dubai with Prime Minister Pham Minh Chinh attending.

Under the MoU with Etihad Airways, the two sides will engage in a partnership covering both passenger and cargo services, contributing to strengthening connectivity between Vietnam and Abu Dhabi. This collaboration will not only expand each airline's flight network but also explore joint efforts in frequent flyer programmes, ground services, maintenance, and technical support.

With Emirates, Vietnam Airlines is set to bolster cooperation on routes connecting Vietnam and the UAE, as well as connect flights to transit destinations. This partnership will extend to cargo services, technical support, maintenance, and workforce training, ensuring that both airlines benefit from shared knowledge and resources.

These collaborations are designed to leverage each airline’s strengths, improve transport service quality, and enhance operational efficiency. They aim to boost trade between Vietnam and the UAE, opening up new growth opportunities in aviation and related industries for both countries.

Emirates and Etihad are the flagship airlines of the UAE, a federation of seven emirates with Abu Dhabi as its capital and Dubai as its largest commercial and tourism hub. Established in 1985, Emirates is headquartered in Dubai, while Etihad Airways, founded in 2003, is based in Abu Dhabi. Both airlines are renowned globally for their premium services and extensive international flight networks.

Vietnam Airlines, established in 1993, boasts a fleet of 100 aircraft and operates nearly 100 global and domestic routes, connecting to 1,150 destinations worldwide. The airline is known for its world-class services infused with Vietnamese cultural identity, and has been named a “5-Star Global Airline” by the Airline Passenger Experience Association (APEX)./.

VNA

See more

The Vietnamese section of the Monsoon – Thanh My 500kV transmission line project (Photo: VNA)

500kV transmission line from Laos energised

The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.​

The entrance gate to Hanoi’s Ciputra Urban Area, where banks are selling apartments and villas. (Photo: cafef.vn)

Banks selling mortgaged assets to recover bad debts

The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.

Vietnamese Ambassador to Argentina Bui Van Nghi (th fourth from the fright) in the meeting with Governor of Brazil's Espirito Santo state Renato Casagrande. (Photo: VNA)

Vietnam seeks to set up cooperation with Brazilian locality

In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.

Remittances to Vietnam in 2024 are estimated at about 16 billion USD, maintaining the record-high levels seen in 2023. (Photo: VNA)

Remittances surge as Tet approaches

According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.

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.