Author: vietjetair.cargo

The airline has been named the Best Low-Cost Carrier by various renowned platforms, including Skytrax.

SUMMARY

•  Vietjet Air is celebrating Vietnam National Day by offering two million free seats in a week-long promotion from August 16 to August 22, 2023.
•  The promotional tickets are applicable to domestic and international flights.
•  Vietjet Air is focused on expanding its flight network, offering affordable fares, and using modern and environmentally friendly aircraft.

Vietnamese low-cost airline, Vietjet, is celebrating Vietnam National Day in style. The airline is giving out two million free seats to commemorate the country’s 78th Independence Day, held on September 2nd. The week-long promotion begins August 16 and offers tickets starting at VND0, excluding taxes and fees.

The extraordinary offer

The airline wowed potential travelers with yet another exciting offer to celebrate Vietnam’s Independence Day. The carrier advertised that it is pleased to offer two million tickets from only VND0 in a week-long promotion from August 16 to August 22, 2023, at its website or the Vietjet mobile app. According to the carrier’s website,

Welcoming Vietnam National Day 2/9, expressing the gratitude to all passengers, Vietjet opens sale of 2 million tickets from only VND0 (*) in seven golden days from August 16 to August 22, 2023. Especially, this promotion applies to all Vietjet’s domestic and international flights.

The promotional tickets are applicable to the carrier’s entire network, including Australia, India, Kazakhstan, Japan, South Korea, Taiwan, Hong Kong, Indonesia, Malaysia, Singapore, Thailand, and more. Travelers purchasing promotional tickets can travel between September 6, 2023, and March 31, 2024.

Vietjet has been adding new domestic and international destinations to its network. In August alone, the airline added new routes from Ho Chi Minh City (SGN) to Jakarta, Indonesia, and Kochi, India. The airline’s Hanoi – Bangkok route and various services between Vietnam and the paradise island of Bali have seen increased frequencies. The airline aims to bring more international travelers into the country while also offering a wide range of domestic flights.

The airline takes pride in its growing flight network, affordable fares, and the use of modern and environmentally friendly aircraft. Vietjet also offers its passengers complimentary Sky Care insurance that provides comprehensive protection from medical expenses and flight-related issues. The insurance plans are available on select flights, and some terms and conditions apply.

About Vietjet Air

The low-cost airline commenced operations in December 2011 after receiving approval to operate from the Vietnamese Minister of Finance. At the time of its launch, it became the second private airline to offer domestic service in Vietnam, as well as the fifth airline overall to offer civil domestic flights. The airline has a healthy fleet of 84 narrowbody and widebody aircraft, offering more than 60 domestic and international operations.

On the narrowbody side, the airline operates a mix of Airbus A320 and A320neo family aircraft. The airline has 200 Boeing 737 MAX family aircraft on order, with deliveries starting in 2024. The airline exclusively operates a fleet of six widebody Airbus A330-300 aircraft, with an additional three on order. The airline aims to keep its fleet young to provide a better customer experience in all classes.

As a fully-fledged member of the International Air Transport Association (IATA), the airline holds the IATA Operational Safety Audit (IOSA) certificate. The airline has been awarded the highest ranking for safety with seven stars by the world’s only safety and product rating website airlineratings.com

What are your thoughts on the exciting promotional offer by Vietjet? Tell us in the comments section.

Source: simpleflying.com

China, India, Indonesia, Uganda, and Vietnam are projected to be among the fastest-growing economies for the coming decade, according to researchers at the Growth Lab at Harvard University. The new growth projections presented in the Atlas of Economic Complexity include the first detailed look at 2021 trade data, which reveal continued disruptions from the uneven economic recovery from the global pandemic. China is expected to be the fastest-growing economy per capita, although its growth rate is smaller than gains seen over the past decade.

Growth over the coming decade is projected to take off in three growth poles, East Asia, Eastern Europe and East Africa. Several Asian economies already hold the necessary economic complexity to drive the fastest growth over the coming decade to 2031. They are led by China, Cambodia, Vietnam, Indonesia, Malaysia and India. In East Africa, several economies are expected to experience rapid growth, though driven more by population growth than gains in economic complexity, which include Uganda, Tanzania and Mozambique. Eastern Europe holds strong growth potential for its continued advances in economic complexity, with Georgia, Lithuania, Belarus, Armenia, Latvia, Bosnia and Herzegovina, Romania and Albania all ranking in the projected top 15 economies on a per capita basis. Outside these growth poles, the projections also show potential for Egypt to achieve more rapid growth. Other developing regions face more challenging growth prospects by making fewer gains in their economic complexity, including Latin America and the Caribbean and West Africa.

“Countries that have diversified their production into more complex sectors, like Vietnam and China, are those that will lead global growth in the coming decade,” said Ricardo Hausmann, professor at the Harvard Kennedy School (HKS), director of the Growth Lab and the leading researcher of the Atlas of Economic Complexity. “China and Vietnam already realized many of the income gains from their increased complexity. Nevertheless, they remain more complex than expected for their income level so will remain global growth poles.”

The Economic Complexity Index (ECI) captures the diversity and sophistication of the productive capabilities embedded in the exports of each country. The researchers place the diversity of productive knowledge — or knowhow — that a society has at the heart of the economic development process. Economic growth requires the accumulation of new knowhow and its use to diversify production into more sophisticated — aka complex — activities. ECI is able to closely explain differences in country incomes and predict future growth.

The Growth Lab researchers also released new 2021 ECI rankings, which show remarkable stability despite uneven economic recovery and lingering pandemic effects in 2021. The ECI ranking finds the most complex countries in the world are, in order, Japan, Switzerland, South Korea, Germany and Singapore.

Source: news.harvard.edu

HANOI: Vietnam is expected to have two regional hubs for international air transit by 2050 – Hanoi and Ho Chi Minh City, according to the national airport master plan of the Transport Ministry.

Under the plan, Vietnam would have 30 airports by 2030 and 33 by 2050 with Hanoi and Ho Chi Minh City being the two major hubs.

By 2050, Cat Bi International Airport will be replaced by Hai Phong International Airport, and three new domestic airports will be developed, including Cao Bang, Cat Bi and Nam Hanoi, bringing the total across the country to 33.

The Transport Ministry said that 95% of the population will be within 100km of an airport by 2030 and 97% by 2050, higher than the current world average of 75% and equivalent to other countries in the region.

Director of the Civil Aviation Authority of Vietnam (CAAV) Dinh Viet Thang said that many localities want airport access to promote socio-economic development.

However, ensuring efficient investment and operations is the most important factor in planning.

“Airports considered to be efficient and have resources for investment will be included in the planning while inefficient ones will be removed,” said Thang.

Thang added that the announcement last week of the airport planning also aimed to prevent rumours which could inflate real estate prices.

Deputy Transport Minister Le Anh Tuan said that there were currently 22 airports in the country, which play an important role in ensuring national defence and security and promoting socio-economic development.

The transport ministry worked with the National Defence Ministry and localities to review each airport and come up with a set of criteria to evaluate the demand and efficiency.

If there is strong demand for an airport for socio-economic development, the Transport Ministry will report to the government to adjust the plan, Tuan said, adding that a project on raising capital for investing in airports was being completed and would be proposed to the Prime Minister.

The planning target is that by 2030, airports will handle around 276 million passengers per annum, accounting for a 1.5% to 2% share of the market worldwide, and handle 4.1 million tonnes of cargo, or 0.05 to 0.1% of the global cargo transportation market.

Vietnam has huge demand and potential for air transport development, thus, the airport planning will be based on attracting investment into this sector and paving the way for private investors to participate in developing aviation infrastructure.

Investing in aviation infrastructure is a difficult field, Pham Ngoc Sau from Sovico said, adding that it is necessary to develop a mechanism to attract private investment in airport development.

In the latest proposal for the project on raising capital for airport development, the CAAV noted that a public-private partnership was proposed, in which the government can decide its capital contribution to each project.

To date, five master plans of the transportation sector, including roads, railway networks, seaports, airports and inland waterways have been approved, which will form the base of attractive projects to investors. — Viet Nam News/ANN

Source: thestar.com.my

At the ceremony to announce “Top 100 most valuable brands in Vietnam” on August 15, Vietjet Aviation Joint Stock Company was honored as one of the 100 most valuable brands in Vietnam in 2023.

The announcement ceremony of “Top 100 most valuable brands in Vietnam” was organized by Brand Finance, the world’s leading organization in brand valuation, in collaboration with Mibrand Vietnam. The 2023 list gathers most of the key enterprises of the Vietnamese economy.

According to the report, in the aviation sector, Vietjet has the highest growth in brand value at 11%, reaching a value of 361.58 million USD. Vietjet’s brand revenue recorded an increase of 15% to 11,355 billion VND, equivalent to about 483 million USD.

Brand Finance assessed that airline brands contributed the 9th most in the ranking, with a total brand value of 738 million USD (about 2% of the total value of all brands on the list). In addition, the total brand value of airline brands improved by 8%.

Vietjet maintains its brand strength rating at AA+. As one of the most valuable brands in Vietnam, Vietjet actively contributes to the recovery and development of the country’s economy after the Covid-19 pandemic.

On the basis of actual operations, Vietjet’s brand value recorded impressive growth this year. In the first 6 months of the year alone, the airline operated 65,900 flights, transported over 12.1 million passengers (including 3.5 million international passengers), up 26% and 30% over the same period.

In the first 6 months, Vietjet recorded a consolidated revenue of VND 29,770 billion, up 87% and completing 60% of the year plan. The ancillary revenue segment maintained a high growth rate, reaching VND9,000 billion, double the same period and contributing 40% of total revenue. Consolidated profit after tax reached VND 387 billion, up 167% over the same period.

In the first 6 months of the year, Vietjet contributed VND 2,795 billion in direct and indirect taxes and fees to the budget.

Thanks to its ability to flexibly exploit multiple revenue sources outside of its main business and maintain positive profits during the Covid-19 pandemic, Vietjet received a BB+ credit rating from Saigon Ratings with a Stable outlook (VnBB+).

In particular, Vietjet affirms its position as one of the leading global low-cost airline service providers with two awards “Best Low-Cost Airline with Best In-flight Service in 2023” and “Airline of the Year 2023” world’s best super-saving airline in 2023” voted by AirlineRatings.

Stable exploitation of the domestic market, pioneering in opening international routes, meeting the needs of trade between Vietnam and other countries, Vietjet has gradually affirmed its position as one of the most efficient airlines in the world and strong financial foundation.
Currently, Vietjet has become a multinational airline, contributing to expanding trade, developing tourism and enhancing cultural exchanges at all destinations.

The success in the international market helps Vietjet become an “aviation ambassador” – pioneering and actively connecting Vietnam in particular as well as Southeast Asian countries in general with nearly 100 global destinations.

Source: markettimes.vn

SUMMARY

•  Vietjet has introduced a new service between Cochin, India and Ho Chi Minh City, Vietnam, with four flights a week on offer.
•  The carrier is optimistic about expanding the route and introducing additional flights from other cities in Vietnam to Kochi.
•  Vietjet has seen significant growth in its network, now operating seven routes to India and launching new routes to major Australian cities.

The first direct service touched down on August 12th.

Traveling between Cochin and Vietnam just got easier. Vietjet’s aggressive expansion this year facilitated a new service between the Indian region of Kerala and Vietnam’s largest city, with an initial four flights a week on offer.

Vietjet has deployed the Airbus A320 on the service, which will take off from Ho Chi Minh City, Tan Son Nhat International Airport (SGN) to Cochin International Airport (COK) on Mondays, Wednesdays, Fridays, and Saturdays; return flights take off just before midnight on the same day.

Optimistics about more Vietnamese services

In a statement from Jay L Lingeswara, Vice President (Commercial) of Vietjet, as reported by NDTV, the VP noted the possibilities from Cochin International Airport and Southern India:

“The inaugural flights on this momentous day operated at full capacity. It signifies the growing demand for direct connectivity between Kochi and Vietnam. I am also optimistic about expanding this connectivity by introducing additional flights from other Vietnam cities to the Kochi route, thereby fostering stronger ties and facilitating seamless travel.”

Having only announced the new route a month ago, on July 11th, the carrier has been swift in aggressive marketing to get travelers onboard. Last month, the Vietnamese Ambassador, Nguyen Thanh Hai, met with Kerala Chief Minister Pinarayi Vijayan, encouraging the launch of other services between Kochi and Vietnam soon.

Evening flight times

As noted above, the connection will be served four times a week, with the outbound flight VJ1811 pushing back from Ho Chi Minh City at 19:20 for a four-hour and 30-minute flight time to the region of Kerala. It touches down at Cochin International Airport at 22:50.

The return journey will be overnight, departing the city of Kochi just before midnight at 23:50, bound for Ho Chi Minh City as VJ1812. It has a scheduled arrival time back to Tan Son Nhat International Airport by 06:40 the following morning.

With the inaugural service taking off on August 12th, the carrier deployed its Airbus A320, registration VN-A656 (serial number 06584), an eight-year-old A320.

Plenty of Indian and Australian growth

The Vietnamese carrier now operates seven routes to India from its Hanoi and Ho Chi Minh City bases and flies to four Indian destinations – Ahmedabad, Kochi, Mumbai, and New Delhi.

Since April, Vietjet has launched three new routes from Ho Chi Minh City to the three largest cities in Australia – Brisbane, Melbourne, and Sydney – and will add a fourth – Perth – in November. The airline noted that, before 2023, an average of 500,000 annual passengers flew between Vietnam and Australia. Since launching its new routes, weekly passenger numbers have doubled, with traffic likely to hit the one-million mark by the end of the year.

Sources: simpleflying.com

Huge growth has been seen across Vietjet’s international network following a major expansion drive.

Vietjet’s international expansion over the last year has paid off the carrier, particularly in the Indian market. The airline has more than quadrupled the number of passengers carried between Vietnam and India compared to last year.

Vietjet sees huge India traffic boost

Vietjet launched 11 new international routes in the second quarter of 2023 to Australia, Indonesia and India. As a result, it has overseen a massive increase in international traffic over the first half of 2023, carrying 3.5 million passengers.

In particular, its rapid expansion in India has led to remarkable results in this market – the airline served over 300,000 passengers in the first half of this year, almost five times more than the 70,000 during the same period last year. In all, the low-cost carrier flew over 50% of the 6.9 million international passengers going to and from Vietnam between January and June.

The airline said, “Vietjet’s international routes, with reasonable fares and high-quality services, have contributed to connecting cultures, bridging the geographical distance between Vietnam and Asian-Pacific countries and bringing people in the region closer. They have also promoted tourism and strengthened bilateral investment and trade, further facilitating the economic recovery and development of the countries.”

Inside Vietjet’s Indian network

The Vietnamese carrier now operates seven routes to India from its Hanoi and Ho Chi Minh City bases and flies to four Indian destinations – Ahmedabad, Kochi, Mumbai and New Delhi.

Its entire network now consists of 120 routes – 75 international and 45 domestic – to almost 100 destinations worldwide. At the beginning of the year, the airline launched its ‘SkyBoss Business’ class onboard its Airbus A330 fleet, which now conducts flights to Australia, India, Kazakhstan, Japan, and South Korea.

Australia growth

Since April, Vietjet has launched three new routes from Ho Chi Minh City to the three largest cities in Australia – Brisbane, Melbourne and Sydney – and will add a fourth – Perth – in November. As it has done several times on other routes, the carrier recently announced it would offer $0 fares for the launch of its Perth flights.

Since launching its new routes, weekly passenger numbers have doubled, with traffic likely to hit the one-million mark by the end of the year. From December, the airline will offer 70% more A330 capacity on its Australian routes, further bolstering capacity in a market where there is clearly a lot of demand.

Have you flown with Vietjet recently? How does the airline compare to other low-cost carriers? Let us know in the comments.

Source: simpleflying.com

Vietjet is the first airline to operate a direct flight from Ho Chi Minh City to Perth (Australia), connecting the most dynamic city in Vietnam and Western Australia.

From November 21, 2023, Vietjet will officially operate the Ho Chi Minh City – Perth route with a frequency of 2 return flights/week.

Flights depart from Ho Chi Minh City at 13:35 (local time) on Tuesdays and Saturdays, and land in Perth at 21:20 (local time). In the opposite direction, the flight departs at Perth International Airport from 23:20 (local time) and lands at Tan Son Nhat Airport (HCMC) at 05:05 (local time) also on Tuesdays and Saturdays each week.

Grateful for the companionship and trust of millions of passengers and welcome the first flight connecting Perth with Ho Chi Minh City, from 0:00 to 23:59 every Wednesday, Thursday, Friday, from now until December 31, 2023, Vietjet will launch a series of flight tickets from 0 VND (*) for all routes to Perth, Brisbane, Sydney and Melbourne at www.vietjetair.com or the Vietjet mobile app. Flexible flight time from August 10, 2023 to March 31, 2024 (**).

Let’s experience a good flight with Vietjet with a new, modern, environmentally friendly fleet, professional and dedicated crew.

“Indulge” your culinary preferences, Vietjet tailors a rich menu with fresh and organic hot dishes featuring culinary cultures of global countries. Another privilege you can’t miss is the delight of accumulating points in the SkyJoy loyalty program, receiving free Sky Care insurance and countless other incentives.

(*) Excluding taxes and fees.

(**) Except for Tet holidays, peak season… according to the seasonal characteristics of each market

Source: vtc.vn

The socio-economic situation in July 2023 appeared some remarkable bright spots. Industrial production in July prospered, it is estimated that the industrial production index in the month increased by 3.9% compared to June and increased by 3.7% over the same period in 2022.
The whole country had 13,700 newly established enterprises in July, up 4.3% over the same period last year…However, the economy is still facing many difficulties and challenges when the global economy declines and tightening spending in many countries causes world demand for Vietnam’s exports to drop…

Source: vneconomy.com

The latest quarterly IATA air connectivity analysis shows that in Q2 of 2023 the majority of countries across the globe have reached or exceeded their pre-pandemic levels of connectivity.

A comparison of the connectivity levels observed in Q2 2019 and Q2 2023 shows how close to full recovery the global aviation industry has come.

A number of countries in Central America, Asia and Africa have already reached the Q2 2019 connectivity levels.

The recovery in Europe has been mixed, with countries such as Germany, Finland and Sweden staying below the 80% connectivity level. This can be linked to some shifts to short haul travel patterns, and also disruption related to the closure of Russian airspace to European airlines.

A particularly strong performance has been seen in Africa, where the connectivity of a number of countries now exceeds that of 2019.

Source: International Air Transport Association (IATA)

Hanoi (TTXVN) June 26, according to the International Air Transport Association (IATA), thanks to the lifting of COVID-19 control measures by countries, air travel demand is forecast to increase worldwide in 2023.

Source: infographics.vn