Vietnam Airlines insures fleet for 6 billion USD

Vietnam Airlines, the national air carrier, and a consortium of insurers in Hanoi have signed a 2015–16 insurance contract worth 6 billion USD.
Vietnam Airlines, the national air carrier, and a consortium of insurersin Hanoi have signed a 2015–16 insurance contract worth 6 billion USD.

Theinsurers, PetroVietnam Insurance Corporation (PVI), the VietnamNational Aviation Insurance Company (VNI) and Bao Viet InsuranceCompany, will provide aviation insurance to the entire fleet of VietnamAirlines, Jetstar Pacific Airlines and Vietnam Air Service Company fortheir worldwide flights.

The contract, signed on December 26,will also include aircraft body insurance and liability insurance forpassengers, cargo and war risk.

General Director of VietnamAirlines Pham Ngoc Minh said the cooperation between the carrier and thePVI–VNI–Bao Viet consortium will not only cater to the best interestsof the participants but will also provide safety precautions for thepassengers.

"Along with the investment to develop the fleet andservice quality to become one of the leading air firms in the region,the guarantee provided by three of Vietnam's prestigious insurers willgive passengers more reasons to consider Vietnam Airlines as an option,"explained Minh.

Vietnam Airlines became an official member ofthe SkyTeam Alliance on June 10, 2010. It is also the firstrepresentative of the alliance in Southeast Asia. The firm has more than300 flights per day, with 96 air routes to 21 domestic destinations and29 international destinations.

The firm has a fleet of 82 modernplanes, which include the Boeing 777, Airbus A330 and Airbus A321. Itaims to expand the fleet by acquiring technologically advanced planessuch as the Airbus A350XWB and Boeing 787-9.-VNA

See more

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.

Minister of Industry and Trade Nguyen Hong Dien and Deputy Prime Minister of the Republic of Belarus Anatoly Sivak sign the meeting minutes. (Photo: VNA)

Vietnam, Belarus unveil key solutions to boost trade

Vietnam and Belarus are set to deepen bilateral cooperation in all fields, particularly in economy-trade and science-technology, through their Intergovernmental Committee mechanism, affirmed Minister of Industry and Trade Nguyen Hong Dien.