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Vietnam Airlines targets nearly $4 bln in revenue for 2017
Vietnam’s national flag carrier Vietnam Airlines (VNA) has set a revenue target of VND87.9 trillion (nearly $4 billion) for 2017, up 22.7 percent from last year, reported VnEconomy.
A report to be submitted at VNA’s annual shareholder meeting on June 20 shows that 2016 was a difficult year for the carrier due to increased competition from budget airlines on international and domestic routes.
In 2016, VNA’s revenue hit VND71.6 trillion, eight percent below its target. That was partly due to a salary bill for 6,199 workers that cost VND2.7 trillion.
Pilots' salaries rose 4.7 percent on average to VND115.3 million per month, while flight attendants enjoyed a rise of 10.9 percent from last year to VND25.5 million.
According to the airline, the Vietnamese economy remains unpredictable due to foreign currency and fuel price fluctuations, as well as fiercer competition.
At the upcoming meeting, VNA will ask shareholders to for approval to issue 191 million new shares to existing stakeholders at a starting price of VND10,000 in order to increase its charter capital.
If the proposal is adopted, the shares will be issued in the fourth quarter of this year, bringing the airline's charter capital to VND14.2 trillion.
The money will be used to buy more Boeing Dreamliners and Airbus A350s.
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Helicopter crashes in southern Vietnam during training session
A Vietnamese helicopter is believed to have crashed on Tuesday morning, shortly after it took off in the southern province of Ba Ria-Vung Tau for a training session. Nguyen Nhat, deputy transport minister, told VnExpress that the crash of the EC130 happened at around 8:30 a.m. The crash site is believed to be Dinh Mountain in Tan Thanh District, around 80 kilometers from Ho Chi Minh City. A search and rescue mission is under way for the two pilot trainees and their teacher. The Eurocopter EC130… chat_bubble_outline Read More...
Einstein's theory confirmed in measure of distant star's mass
Miami (AFP) - Scientists have confirmed one of Albert Einstein's century-old theories by witnessing with the Hubble Space Telescope a phenomenon he thought would never be possible to see, researchers said Wednesday.Astronomers have now glimpsed for the first time a distant star's light bending and revealing its mass when an object passes in front of it, known as "gravitational microlensing," said the report in the journal Science."Einstein would be proud. One of his key predictions has passed a… chat_bubble_outline Read More...
Da Nang tops administrative reform index for 5th year
Da Nang, the poster city of central Vietnam, has once again topped the Public Administration Reform Index, a national ranking that monitors the performance of ministries and provincial governments. The index, released by the Ministry of Home Affairs, has confirmed the status of Da Nang as one of the most reform-friendly cities. It's the only one that could score of over 90 percent. Hanoi, the capital city, jumped six places to number three. Ho Chi Minh City dropped 12 spots to 15th. At the… chat_bubble_outline Read More...
Death toll rises to six in London attacks, three suspects shot dead
People speak with police officers after an incident near London Bridge in London, Britain June 4, 2017. Photo by Reuters/Hannah McKay At least six people were killed by attackers near London Bridge on Saturday, police said. Police said three attackers drove a vehicle into pedestrians on London Bridge and then stabbed people in Borough Market. "Armed response officers then responded very quickly and bravely and confronted the three male suspects who were shot and killed on Borough Market,"… chat_bubble_outline Read More...
Rising fuel prices push CPI up in May: GSO report
The General Statistics Office has announced that May's Consumer Price Index (CPI) rose by 0.54 percent compared to last month and 2.28 percent on-year. Transport CPI accelerated 2.39 percent compared to last month, followed by construction materials at 0.88 percent and food at 0.36 percent, of which the index for meat increased by 0.68 percent. The cost of meat shot up mainly because of the mass fish deaths in central provinces and traders buying up pigs to export to China. The long… chat_bubble_outline Read More...