January 20, 2012
Jetstar Pacific will continue to operate as a low-cost carrier The government’s stake in budget airline Jetstar Pacific, held via the State Capital Investment Corp., will be transferred to national carrier Vietnam Airlines, local media reported Wednesday, citing a directive. Jetstar Pacific, which is partly owned by Australia’s Qantas, will continue to operate as a [...]
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January 19, 2012
Luong Thanh Nghi, spokesman of the Vietnamese Ministry of Foreign Affairs. Vietnam welcomes efforts to contribute to improving the peace and development of the Asia Pacific region, VnExpress quoted foreign ministry’s spokesman as saying Friday. Luong Thanh Nghi made the statement at the Ministry of Foreign Affairs’ press briefing on Thursday when asked about Vietnam’s view [...]
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January 17, 2012
The Civil Aviation Authority of Vietnam has launched an investigation into an incident in which a Vietnam Airlines passenger airplane nearly collided with one from Jetstar Pacific last month. The incident happened near Tan Son Nhat Airport in Ho Chi Minh City on the afternoon of December 19, when the northbound Vietnam Airlines plane was taking [...]
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December 19, 2011
Residential apartment buildings in Ho Chi Minh City's District 2 The housing markets in both Hanoi and Ho Chi Minh City will continue to see price falls in 2012 as cities across Asia-Pacific are expected to have weaker sales volumes, according to global property consultant Knight Frank. Residential prices in the two Vietnamese cities will [...]
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December 12, 2011
Jetstar Group CEO Bruce Buchanan said the company remained committed to the Vietnamese market Budget airline Jetstar Group on Thursday denied reports that its Vietnam-based offshoot will be absorbed into national carrier Vietnam Airlines due to financial problems. “Jetstar has reiterated its commitment to Jetstar Pacific and dismissed erroneous claims that [it] is to be [...]
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December 5, 2011
Five private airlines have been licensed in Vietnam since 2007, but each of them is struggling to take off, with one having already crash-landed. Air Mekong operates flights while VietJet Air is expected to commence services late this December after many delays. But the others are finding it hard to launch or, in the [...]
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November 26, 2011
Vietnam’s inflation slowed for a third month in November, and the central bank signaled it may consider lowering interest rates. Consumer prices rose 19.83 percent from a year earlier, after climbing 21.59 percent in October, the General Statistics Office said in Hanoi Friday. The State Bank of Vietnam has room to cut policy rates [...]
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November 19, 2011
US President Barack Obama (R) listens as Chinese Premier Wen Jiabao speaks during their meeting on the sidelines of the Association of Southeast Asian Nations (ASEAN) and East Asia summits in Nusa Dua, on Indonesia’s resort island of Bali, on November 19. US President Barack Obama held previously unannounced talks with China’s Premier Wen Jiabao [...]
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November 15, 2011
President Truong Tan Sang (L) shakes hands with his Chinese counterpart, Hu Jintao, in Honolulu, Hawaii, on Nov 12, 2011. Vietnamese and Chinese leaders agreed at a meeting on Saturday that the East Sea territorial disputes will be solved through peaceful talks. Vietnam’s President Truong Tan Sang and his Chinese counterpart Hu Jintao met in Honolulu, Hawaii, [...]
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November 14, 2011
Front row (L-R), Australian Prime Minister Julie Gillard, Russian President Dmitry Medvedev, US President Barack Obama, Prime Minister of Japan Yoshihiko Noda; second row from left Malaysia Prime Minister Najib Razak, Republic of Korea President Lee Myung-bak, Mexican Trade Minister Bruno Ferrari and Papua New Guinea Prime Minister Peter O’Neill on November 13, 2011 [...]
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