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National flag carrier Vietnam Airlines will arrange a separate flight using Boeing 787-10 aircraft to transport both the national men’s and women’s football teams from the Philippine’s following their gold medals at SEA Games 30. The aircraft received by Vietnam Airlines in August is the first of eight 787-10s the firm has operated to date. This is the biggest and most modern in the national carrier’s fleet. Vietnam's U22 men’s football team wins the gold medal at SEA Games 30 on December 10. Photo by Vietnamnet Vietnam Airlines will provide business class food and drinks on the flight. The flight is scheduled to land at Noi Bai International Airport in Hanoi at 8 pm today. Meanwhile, local budget carrier VietJet Air has decided to give the two squads’ coaching team, players and their relatives on-year free airfares on all routes in Asia. Last year, VietJet also presented U23 players’ use of its air tickets for one year after their … [Read more...] about Vietnamese airlines offer bonuses to victorious SEA Games football teams

The three-day forum is expected to be attended by nearly 40 world leaders including Russian President Vladimir Putin, Pakistani Prime Minister Imran Khan, Philippine President Rodrigo Duterte, and Cambodian Prime Minister Hun Sen. The BRI is a development strategy proposed by Chinese President Xi Jinping in 2013 as a union of the Silk Road Economic Belt and the 21st century Maritime Silk Road. According to the Chinese government, it is aimed at enhancing regional connectivity by developing infrastructure projects that create land and sea networks connecting Southeast Asia, Central Asia, the Middle East, Europe, and Africa. China and Vietnam signed a memorandum of understanding on promoting connectivity between the "Two corridors, one economic belt" initiative and the BRI in 2017, during President Xi Jinping's visit to Hanoi. The "Two Corridors, One Belt" initiative was proposed in 2004 to promote cooperation between the two countries in many fields such as commerce, industry, … [Read more...] about Vietnam PM to attend Belt and Road Forum in Beijing

Cocobay's breaking its commitment of 12 percent profit has lowered the confidence of condotel investors. The resort real estate market has been shocked by the information that the developer of the 51 hectare resort and entertainment complex in Da Nang – Cocobay – announced the termination of payments of committed profits for condotel products due to financial difficulties. The resort real estate market has been shocked by the information that the developer of the 51 hectare resort and entertainment complex in Da Nang – Cocobay – announced the termination of payments of committed profits for condotel products due to financial difficulties. Later, the developer lowered the committed profit from 15 percent to 8 percent. However, even with the profit cut by half, the developer also cannot pay in recent years. In May 2019, Bavico buyers lodged complaints to a series of agencies, asking for help as they did not receive the committed profit for a long time. … [Read more...] about The short ‘honeymoon’ period of VN condotel market

The Vietnamese condotel market, the only one in the region, shows serious problems because of legal deadlocks. Kai Marcus Schroter, CEO of Hospitality Tourism Management, commented that local authorities still lack necessary knowledge when assessing condotel projects. Running a condotel is not similar to operating a housing or hotel project. In the real estate market, the world once witnessed a condotel boom 15-20 years ago in the Mediterranean and Europe. But now this kind of product no longer has influence on the market. Thailand also saw a condotel boom 5-10 years ago, but there have been no new condotel projects. The investment model does not bring high profits as thought. In most Asia-Pacific markets, this product is no longer developed. The committed profit of 10 percent per annum is not seen in any other market in the world except Vietnam. The high committed profit rate is seen in Vietnam because many businesses still do not understand the operations of condotels. The … [Read more...] about Vietnam is only country still developing condotels

Only nine state-owned enterprises (SOEs) were given the green light from government for their equitisation plans this year, reported the Ministry of Finance (MoF). A Vietnam National Shipping Lines (Vinalines) cargo ship. Many SOEs face difficulties and need more time to deal with financial, land and labor problems before equitisation.— Photo thuonggiaonline.vn The progress was still “very slow”, said Dang Quyet Tien, director of Corporate Finance Department, MoF at the ministry’s press conference on the local financial and production situation and the restructuring and equitisation of SOEs yesterday in Ha Noi. Tien said though equitisation and divestment had a positive impact on the development of the stock market, improving the performance of firms, the slow progress was “concerning”. Among nine SOEs reported, three were on the list of 128 SOEs required to be equitised by the Prime Minister Nguyen Xuan Phuc in the period from 2016 to 2020. … [Read more...] about Vietnam’s SOE equitisation progress is “very slow”