Vietnam Airlines loses 10.75 trillion VND in nine months

The national flag carrier Vietnam Airlines said on October 13 that it had lost 10.75 trillion VND (463.7 million USD) in the first nine months of this year.
Vietnam Airlines loses 10.75 trillion VND in nine months ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA)
– The nationalflag carrier Vietnam Airlines said on October 13 that it had lost 10.75trillion VND (463.7 million USD) in the first nine months of this year.

During the reviewed period, the air carrier recorded a combined revenue ofnearly 24 trillion VND, equivalent to 41.7 percent of the yearly plan.

According to Tran Thanh  Hien, Chief of the Finance-Accounting Department of Vietnam Airlines, given the two waves of the COVID-19 outbreaks,the Vietnam Airlines Group, comprising Vietnam Airlines, Pacific Airlines andVasco, has maintained its key role in the domestic aviation sector, with 51.7percent market share of passenger transport.

Between January and September, the group conducted 46,700 flights,transporting nearly 11.9 million passengers and 146,000 tonnes of cargo.

Vietnam Airlines opened 22 new domestic routes after the epidemic wasput under control and responded to the national tourism stimulus programme inthe second quarter.  

Currently, the carrier is operating more than 60 domestic routes with anaverage of 300 flights per day. Domestic passenger volume sometimes rose by 12percent over the same period last year.

Over the past eight months, Vietnam Airlinesand Pacific Airlines carried out more than 100 flights to bring home over30,800 Vietnamese from nearly 30 countries and territories worldwide.

More than 2,600 cargoflights were also conducted, providing even free-of-charge transport services ofmedical supplies to regions across Vietnam and foreign countries amidst theCOVID-19 fight.

During the remainingmonths of this year, Vietnam Airlines will continue to keep a close watch on pandemicdevelopments to put forth suitable operational plans, the air carrier said./.
VNA

See more

Workers manufacture electronic components. (Photo: VNA)

PM orders overhaul to improve business environment

The dispatch further highlights the need for comprehensive measures to enhance governance capacity, accelerate socio-economic progress, and improve the investment and business landscape with a clear emphasis on sustainable development and environmental stewardship.

Prime Minister Pham Minh Chinh (centre) and other delegates attend the groundbreaking ceremony for the Ninh Binh–Hai Phong Expressway Project’s section passing through Nam Dinh and Thai Binh provinces. (Photo: VNA)

Transport, industrial development essential for Thai Binh to be wealthier: PM

​The groundbreaking ceremonies of the Ninh Binh–Hai Phong Expressway Project’s section and the Hung Phu Industrial Park in Thai Binh affirm the government’s determination to create an attractive investment and business environment for both domestic and foreign investors; foster provincial and regional connectivity, generate momentum and open new development space for Thai Binh and the northern coastal region.

Representatives from Vietnam Airlines and Russia’s state-owned VTB Bank exchange the MOU on cooperation. (Photo: nhandan.vn)

Vietnam Airlines signs MoU on cooperation with Russia's VTB Bank

The MoU also demonstrates Vietnam Airlines' efforts to expand its partnership in the international market, while affirming its pioneering role in connecting Vietnam with the world, contributing to the sustainable development of Vietnam-Russia relations in the new period.

An auto assembly line at Kim Long Motor Hue in the Chân May - Lang Co Economic Zone in the central city of Hue. (Photo: VNA)

Vietnam eyes 8% growth in 2025 through strategic reforms

With decisive policy actions, proactive diplomacy and strategic reform priorities, the country is now aiming for an ambitious GDP growth target of 8% or more this year - a goal lawmakers and experts believe is within reach, provided key breakthroughs are implemented effectively.

Hanoi applies a model providing support in business establishment. (Photo: hanoimoi.vn)

Hanoi targets 30,000 new enterprises in 2025

By the end of 2024, the number of registered enterprises in the capital city reached over 400,000, with about 220,000 operating. Notably, more than 98% of the operating firms are SMEs which create jobs for 55.1% of the local workforce and contribute over 40% of the city’s gross domestic product (GDP).

Delegates press the button to activate TH Group's milk processing plant in Borovsk district in Kaluga oblast of Russia on May 11. (Photo: VNA)

TH Group inaugurates large-scale dairy processing plant in Russia

The plant has a total capacity of 1,000 tonnes per day, with the first phase producing 500 tonnes daily. All milk used at the plant is sourced from TH’s high-tech farms in the Moscow and Kaluga oblasts. TH milk boasts a high nutritional profile, with a fat content of 4.0% and protein at 3.2% — among the highest quality levels in Russia.

General Secretary of the Communist Party of Vietnam (CPV) Central Committee To Lam speaks at the Vietnam-Russia business forum in Moscow on May 11. (Photo: VNA)

Vietnam creates favourable conditions for Russian businesses: Party chief

Lam emphasised that promoting cooperation among businesses of the two sides plays an important role in implementing high-level agreements on socio-economic development. The two sides have important pillars of cooperation in energy, industry, science - technology and human resource training.

Automobile assembly at GMA Automotive Industry in Kim Dong district, Hung Yen province. (Photo: VNA)

Ample room remains for Vietnam-Belarus trade cooperation

The coming state visit to Belarus by Party General Secretary To Lam is expected to create new impetus to consolidate and strengthen the bilateral relations, and open up opportunities for businesses of the two countries in trade and investment cooperation.