Vietnam Airlines aims for profit despite soaring fuel costs

Vietnam Airlines targets profit despite soaring fuel costs Under the plan, the national flag carrier will take delivery of an Airbus A320 on June 26 under a three-year lease agreement. Another Airbus A321 is scheduled to join the airline's fleet in July to support peak summer travel demand. Vietnam Airlines said the diversion was driven by the passenger’s condition, and the airline followed all operational safety rules. Ensuring timely medical assistance for passengers in such situations remains the airline’s top priority. To date, Vietnam Airlines remains the first and only airline in Vietnam to receive EXIM export credit guarantees for aircraft acquisition loans, including previous investments in Boeing 777 and Boeing 787 Dreamliner fleets. Vietnam is scheduled to launch a national housing and real estate market information system on July 1, assigning each property a unique identification code to improve market transparency, enhance state management and curb speculation, according to the Ministry of Construction. Minister of Finance Ngo Van Tuan highlighted OECD’s technical support for the ministry in improving the tax system to enhance transparency in line with international standards, supporting capital market development, and strengthening corporate governance capacity across both private enterprises and state-owned enterprises. Speaking to French business and financial news channel BFM Business, Mickaël Driol, CEO of Mekong Partners, noted that amid global trade tensions and geopolitical uncertainty, multinational companies are increasingly diversifying their supply chains, with Vietnam emerging as a key beneficiary of this trend. The Vietnamese southern economic hub’s programme attracted nearly 1,000 participants, with nine cooperation initiatives announced between municipal agencies and businesses and Chinese enterprises across sectors including artificial intelligence (AI), autonomous vehicles and smart mobility, high-tech healthcare, smart agriculture and aquaculture, smart urban centres, green materials, robotics and automation, innovation, digital transformation and innovation-driven finance. The Halal economy is opening up a new area of cooperation, further fostering the Comprehensive Strategic Partnership between the two countries, said Vietnamese Ambassador to Singapore Tran Phuoc Anh at a business seminar in Singapore on June 27. Ho Chi Minh City is positioning itself as a modern regional megacity and a value-added services hub by leveraging new development space created after the administrative merger. This a strategy seen as a core growth pillar to strengthen its role in global service supply chains. The launch marks a major milestone in the development of Vietnam's carbon market, contributing to implementing the country's commitments to greenhouse gas emissions reduction, and accelerating the green transition and promoting low-carbon economic growth. With a strategic location, improving transport infrastructure, ample industrial land and fast-improving investment climate, Tay Ninh aims to become a magnet for German firms in hi-tech manufacturing, industrial equipment, automation, semiconductors and digital transformation. Vietnamese coffee companies can go global by proactively building brand value and showcasing the unique character, quality and added value of their products, said Vietnamese Ambassador to Singapore Tran Phuoc Anh. As of early June, Hanoi had attracted 74.6 billion USD in foreign direct investment (FDI) through more than 9,250 valid projects. FDI inflows in the first six months were projected at 3.2 billion USD, surpassing the annual target by 116%, while nearly 16,000 new businesses were established in the first five months, up 34.4% year-on-year. Monetary policy should remain proactive and flexible, with close coordination with fiscal policy, while carefully managing core inflation, money supply, credit growth, exchange rates, and interest rates to curb imported inflation and stabilise market expectations. Regarding the semiconductor sector, Dung said Vietnam is promoting the development of a comprehensive ecosystem, gradually expanding its role in chip design, packaging, testing, materials production and equipment manufacturing, while focusing on high-quality human resources and attracting strategic investors. Construction began on the Trung Nguyen Legend coffee plant, designed as a sustainable, ecological energy-efficient facility meeting Net Zero standards. The first phase carries an investment value of 989 billion VND (37.58 million USD), with a spray-drying capacity of 1,000kg per hour across an area of 4.9 hectares. A report by the Ministry of Finance on the first year of implementing the resolution highlighted fresh momentum in diversifying capital sources and removing administrative bottlenecks. Under Directive No. 27/CT-TTg dated June 25, 2026, the PM called for stronger management and higher-quality preparation, appraisal and approval of ODA- and concessional loan-funded projects, with the goal of fully disbursing the annual public investment plan assigned by the Government leader. Under the agreement, the two sides plan to share electronic cargo manifest data in real time, or as quickly as possible, to support risk management and detect violations, including trade fraud, counterfeit goods, smuggling, origin fraud and tax evasion. WTO members including the US, the European Union, China, Japan, the United Kingdom, Canada, Australia, Singapore, Hong Kong (China), Chinese Taipei, Thailand and Switzerland welcomed Vietnam’s decision and commended the progress achieved since April. They described Vietnam as a key partner in global IT supply chains and pledged their support for the upcoming negotiations. With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,455 VND/USD, and the floor rate 23,935 VND/USD. The MoF said the extension would help stabilise the domestic petroleum market, strengthen energy security and support macroeconomic stability amid continued volatility in global energy markets. To support export expansion, Permanent Deputy PM Pham Gia Tuc asked the Ministry of Industry and Trade to work closely with ministries, sectors and localities to closely monitor market developments and regularly update production, business and trade data in order to make timely and effective policy responses. Copyright, VietnamPlus, Vietnam News Agency (VNA) Editor-in-chief, Mr. Tran Tien Duan.