31 Aug 2012 Intellasia Finance Vietnam - Hong Kong Business ...

BUSINESS
Vietnam finance & business 31 August 2012
Vietnamese aviation -
chances and
competition
Rising costs menace
tra fish farming
(VNAT), said the Russian market has continuously grown in two recent years, with arrivals
growing up to 30 percent this month compared to a slight rise or a decline in arrivals
from Europe and the US
The high season for international tourists is still weeks away, but each week still has
13 flights bringing Russian tourists to coastal cities of Danang and Nha Trang.
"This market will receive a lot of promotion activities, and Russian partners will be invited
to Vietnam," Tuan said.
Together with VNAT, some provinces and enterprises are also in preparation for marketing
activities in Russia. Some provinces such as Binh Thuan, Thua Thien-Hue and
Danang City will attend the international tourism fair Leisure Moscow 2012 taking
place in Russia on September 19-22.
Meanwhile, Danang City, Thua Thien-Hue and Quang Nam provinces will join hands
to promote and introduce tourism potentials of the three localities to Russian partners
and media agencies.
Currently, there is one charter flight from Russia to Danang each week, but the city
wants to open the direct flight from Moscow to increase the number of tourists.
Over 100,000 Russian tourists visited Vietnam last year, and the number of Russian
tourists in this year's first eight months has also reached this level. Vietnam expects to
welcome 300,000 Russian tourists in 2014.
http://english.thesaigontimes.vn/Home/business/tourism/25319/
31/AUG/2012 INTELLASIA | VOV
Various airlines in Vietnam are working hard to finance their fleet expansion as increasing
passenger demand presents a positive outlook for the industry.
However, with increasing competition, more astute management will be required to
reap the benefits.
Vietnam Airlines, the national flag carrier, revealed its fleet development plan by recently
putting a new A321-200 aircraft into operation.
The aircraft, leased from Vietnam Aircraft Leasing Company (VALC), is the first in a
deal of 10 new A321-200 aircraft purchased by VALC from Airbus Airline.
The carrier plan to buy 26 new Airbus aircraft during the 2011-2014 period, with seven
expected to be delivered in 2012.
The carrier conducts over 300 flights a day on 80 routes, to 20 domestic and 26 international
destinations. Its fleet is expected to increase from 115 to 170 aircraft between
2015 and 2020.
Following the same trend, low-cost airline Jetstar Pacific on August 22 launched a new
A320, the third of its kind in the fleet.
Jetstar Pacific with a current capacity of 240 flights a week is expected to receive three
more A320s before the end of this year.
Its general director Le Hong Ha said that the operation of the new A320 fleet will help
reduce the cost of operation and technical maintenance.
The trend of fleet expansion can also be seen at Air Mekong - a private airline planning
to rent two more A321 aircraft to serve the growing demand of domestic routes. In recent
years, the Vietnam aviation market has seen robust growth.
Over the past three years, Vietnam's carriers have served about 30 million passengers
and transported 500,000 tonnes of cargo, a four-fold increase of both number of passengers
and cargo compared with the figures recorded before 2005.
http://english.vovnews.vn/Home/Vietnamese-aviation-chances-and-competition/
20128/141606.vov
31/AUG/2012 INTELLASIA | SAIGON TIMES DAILY
The local tra fish industry are under the menace of shrinking profits given rising input
costs while export prices will barely increase, said Duong Ngoc Minh, vice chair of the
Vietnam Association of Seafood Exporters and Producers (Vasep).
According to Minh, due to the drought in America, supplies of animal feed materials
from foreign suppliers such as Brazil, Argentina and the United States are strongly
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