One slide from Boeing’s 2020 Commercial Market Outlook (CMO) ranks Viet Nam in the top 5 countries which add the most airlines capacity between 2010-19. Southeast Asia will need 4,400 new airplanes valued at US$700 billion to support expanding demand for air travel over the next 20 years, said Darren Hulst, Boeing vice president of Commercial Marketing. In an online conference yesterday, Hulst quoted Boeing’s 2020 Commercial Market Outlook (CMO), saying: “The intra-Southeast Asian market will become the fifth largest in the world by 2039, and the vast domestic and regional air-travel network across the region positions it well for a post-pandemic recovery.” With low-cost carriers providing affordable service and added capacity, CMO estimated traffic growth in Southeast Asia to grow by 5.7 per cent annually in the next 20 years, making the region the second largest aviation market in the Asia-Pacific region after China. Boeing, at the same time, projected the region’s … [Read more...] about Viet Nam aviation is among fastest growing markets
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Credendo: Viet Nam continues successful economic story beyond a contained pandemic
Viet Nam continues successful economic story. — VNA/VNS Photo Credendo Group’s offices in Germany and Austria have published a study to evaluate the level of risk in Viet Nam, which emphasises that the Southeast Asian country is continuing its successful economic story after its good performance in controlling the COVID-19 pandemic. The article quotes the latest country study of Credendo, saying that Viet Nam has been one of the few highly resilient countries during the unprecedented COVID-19 shock. The swift, strict and very effective containment of the virus after the outbreak in neighbouring China largely explains this, it says, noting that an early travel ban, testing and wide-scale contact tracing on top of the containment measures have helped keep the virus under control. While most countries were severely hit and hindered by the economic impact of the virus, Viet Nam’s economy continued to operate at a good albeit slower pace despite an initial high level of business … [Read more...] about Credendo: Viet Nam continues successful economic story beyond a contained pandemic
Credendo: Việt Nam continues successful economic story beyond a contained pandemic
Việt Nam continues successful economic story. — VNA/VNS Photo BERLIN — Credendo Group’s offices in Germany and Austria have published a study to evaluate the level of risk in Việt Nam, which emphasises that the Southeast Asian country is continuing its successful economic story after its good performance in controlling the COVID-19 pandemic. The article quotes the latest country study of Credendo, saying that Việt Nam has been one of the few highly resilient countries during the unprecedented COVID-19 shock. The swift, strict and very effective containment of the virus after the outbreak in neighbouring China largely explains this, it says, noting that an early travel ban, testing and wide-scale contact tracing on top of the containment measures have helped keep the virus under control. While most countries were severely hit and hindered by the economic impact of the virus, Việt Nam’s economy continued to operate at a good albeit slower pace despite an initial high … [Read more...] about Credendo: Việt Nam continues successful economic story beyond a contained pandemic
Việt Nam aviation is among fastest growing markets
One slide from Boeing’s 2020 Commercial Market Outlook (CMO) ranks Việt Nam in the top 5 countries which add the most airlines capacity between 2010-19. HÀ NỘI — Southeast Asia will need 4,400 new airplanes valued at US$700 billion to support expanding demand for air travel over the next 20 years, said Darren Hulst, Boeing vice president of Commercial Marketing. In an online conference yesterday, Hulst quoted Boeing’s 2020 Commercial Market Outlook (CMO), saying: “The intra-Southeast Asian market will become the fifth largest in the world by 2039, and the vast domestic and regional air-travel network across the region positions it well for a post-pandemic recovery.” With low-cost carriers providing affordable service and added capacity, CMO estimated traffic growth in Southeast Asia to grow by 5.7 per cent annually in the next 20 years, making the region the second largest aviation market in the Asia-Pacific region after China. Boeing, at the same time, projected the … [Read more...] about Việt Nam aviation is among fastest growing markets
E-commerce to continue booming in 2021
Shopping on Shopee e-commerce platform. — Photo congthuong.vn HÀ NỘI — The Vietnamese e-commerce market is forecast to continue to boom in 2021, with revenue surpassing last year's figure. A report by the Việt Nam e-Commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade showed that with 53 per cent of the population participating in online shopping, the e-commerce market in Việt Nam grew 18 per cent, reaching $11.8 billion last year, accounting for 5.5 per cent of total retail sales of consumer goods and services nationwide. Nguyễn Thế Quang, the agency’s deputy director, said e-commerce had had an impressive year of growth and would continue to explode this year and beyond. According to the national master plan on e-commerce development in 2021-2025, by 2025, up to 55 per cent of the population will participate in online shopping, with the average value of online purchases of goods and services reaching US$600 per person annually. … [Read more...] about E-commerce to continue booming in 2021