Takeoff for Bamboo Airways
HAØ NOIÄ Deputy Prime Minister Trònh Ñình Dunõ g has signed a decision to approve the establishment of Bamboo Airways, after receiving the proposal of the Ministry of Planning and Investment (MPI) and the consensus of relevant ministries.
According to the MPI, Bamboo Airways has completed all necessary legal procedures for establishment. In addition, other Government agencies, namely the Ministry of Transport, Ministry of Finance, Ministry of Defence, Ministry of Public Security, Ministry of Construction and Ministry of Natural Resources and Environment have confirmed that they have received all necessary documents and agreed on the establishment plan of Bamboo Airways.
Previously, FLC Group and Bamboo Airways signed an agreement to purchase 24 A321 NEOs aircraft with Airbus SE in France in March, under the witness of the Vietnamese Party
General Secretary Nguyenã Phuù Tronï g, and another deal to purchase 20 Boeing B787-9 Dreamliners from the Boeing Company in the US in June, in the presence of Deputy Prime Minister Vöông Ñình Hue.ä These steps are part of FLC Groups efforts to start its first flights later this year.
According to Ñanë g Tatá Thané g, Chief Executive Officer of Bamboo Airways, Bamboo Airways is positioned as a hybrid airline, combining the traditional and low-cost models, with the target of offering services that satisfy different demands in every passenger segment.
VIB records positive business results in H1
HAØ NOIÄ Vietnam International Bank (VIB) yesterday released its unaudited financial statements for the first half of this year with positive business results in key areas.
During the period, VIBs net revenue increased by 56 per cent on-year to VNÑ2.7 trillion (US$118.5 million), while its operating expense reached nearly VNÑ1.32 trillion, up 16 per cent year-onyear. That resulted in a rise in pre-tax profit at 216 per cent, hitting VNÑ1.51 trillion.
Thanks to improving credit quality, the banks credit loss provision was maintained at a low level of VNÑ234 billion.
According to the results, lending and deposits topped VNÑ91.7 trillion and VNÑ83.2 trillion in the first six months, up 8.94 per cent and 7.1 per cent, respectively.
The bank also successfully managed other financial adequacy ratios such as the ratio of short-term deposits used for long-term loans, standing at 40.7 per cent compared with the permitted maximum limit of 45 per cent set by the State Bank of Vietä Nam (SBV); and a loan-to-deposit ratio of 75.7 per cent compared with the SBVs cap of 80 per cent. The banks non-performing loan ratio was 2.3 per cent.
The most important contribution to VIBs growth and profitability came from its retail banking business, which gained an on-year revenue rise of 100 per cent in the first half, the bank said in a statement.
Work to start on second Wínk hotel in Ñaø Naüng