Day: April 27, 2024

HCM City: Vietjet Aviation Joint Stock Company (HoSE: VJC) on April 26 organised the General Meeting of Shareholders (GMS) 2024 where the annual-business plan was approved.

The airline aims to maintain domestic market share, promoting cooperation and joint ventures to expand international flight routes.

High growth targets in 2024

The GMS eyes air transport revenue and consolidated revenue to surpass 59 trillion VND (approx. 2.32 billion USD) and 65.5 trillion VND (approx. 2.57 billion USD) respectively, increasing by 10% and 12.4% YoY in the given order. Vietjet is expected to safely operate142,000 flights with more than 27.4 million passengers onboard.

The GMS also approved the 2024 profit distribution plan, in which dividends and advanced dividends will be paid in cash and stock at a maximum ratio of 25%.

The GMS also votes on various important issues targeting at promoting growth while responding flexibly to market changes, leading market trends, and creating new opportunities. Vietjet, with its lead
ing market share, will maintain stability of the domestic market and at the same time expanding its flight network worldwide to new destinations in South Asia, Central Asia, Australia, and towards Europe.

With the slogan ‘Real deal to new me’ for 2024, Vietjet has pioneered in connecting Vietnam to the world. The carrier has announced and inaugurated many new international routes including Phu Quoc – Taipei, Ho Chi Minh City – Chengdu, Xi’an and Ho Chi Minh City – Vientiane, and services from Hanoi to Hiroshima, Sydney, and Melbourne, etc.

Leading international expansion and outstanding business performances in 2023

The financial statements for 2023 showed that despite the challenging economic situations in Vietnam and the world with volatile exchange rates and high oil prices. The expansion of its international network drove robust revenue, resulting in a positive balance sheet with financial indicators multiplying.

Vietjet safely operated 133,000 flights with 25.3 million passengers onboard – a surge of
183% YoY, of whom more than 7.6 million were flying internationally.

In 2023, Vietjet launched 33 new domestic and international routes. It became the largest airlines operating between Vietnam and five biggest cities of Australia while having opened several routes to the Indian market and in particular the direct flightconnecting Hanoi and Jakarta (Indonesia) which had been off the radar of any airlines for decades. Vietjet also increased its flight frequency to Northeast Asian countries, becoming the airline with the highest frequency from Vietnam to Japan and South Korea.

Vietjet’s international flight routes have contributed greatly to promoting diplomatic activities and development of economic ties, trade, investment, and tourism between countries.

As of December 31, 2023, Vietjet’s eco-friendly fleet of 105 aircraft, including A330s, optimizes resources, saves fuel, and aligns with long-term ESG goals. Over a decade, CO2 reduction efforts have saved up to 15-20% fuel, contributing significantly to su
stainable development. ESG remains a strategic priority, driving resource optimization, fuel savings, and CO2 emission reductions through the airline’s modern fleet.

Focusing on human resource development, Vietjet Aviation Academy (VJAA) trained over 97,000 students through 6,300 courses. It also installed its third flight simulator, maintaining its position as a top-notch regional pilot training center.

Effectively operating the current flight network while opening new international routes have resulted in impressive business performance for Vietjet in 2023. Seperate and consolidated revenue were reported at 53.7 trillion VND (approx. 2.16 billion USD) and 58.3 trillion VND (approx. 2.35 billion USD) respectively.

As of December 31, 2023, Vietjet’s total assets totaled more than 86.9 trillion VND (approx. 3.43 billion USD). The cash and cash equivalents balance was reported at 5.05 trillion (approx. 203 million USD), more than 2.7 times higher YoY, ensuring the airline’s financial capacity./.

Source: Vi
etnam News Agency

MANILA: The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) warned of dangerous heat index levels in 44 areas across the country on Saturday.

Based on the weather bureau’s 5 p.m. forecast on Friday, the following areas may have a heat index ranging from 42°C to 48°C:

NAIA Pasay City, Metro Manila – 43°C

Science Garden, Quezon City, Metro Manila – 42°C

Sinait, Ilocos Sur – 45°C

Laoag City, Ilocos Norte – 44°C

Dagupan City, Pangasinan – 48°C

MMSU, Batac, Ilocos Norte – 43°C

Bacnotan, La Union – 45°C

Aparri, Cagayan – 46°C

Tuguegarao City, Cagayan – 45°C

NVSU Bayombong, Nueva Vizcaya – 42°C

ISU, Echague, Isabela – 43°C

Iba, Zambales – 43°C

CLSU Muñoz, Nueva Ecija – 42°C

Clark Airport (DMIA), Pampanga – 43°C

Baler (Radar), Aurora – 43°C

Casiguran, Aurora – 43°C

Cubi Pt. Subic Bay Olongapo City – 44°C

Tayabas City, Quezon – 42°C

Sangley Point, Cavite – 44°C

Ambulong, Tanauan, Batangas – 42°C

Coron, Palawan – 43°C

San Jose, Occidental Mindoro – 43°C

Puer
to Princesa City, Palawan – 42°C

Aborlan, Palawan – 44°C

Daet, Camarines Norte – 42°C

Legazpi City, Albay – 43°C

Virac (Synop), Catanduanes – 44°C

Masbate City, Masbate – 42°C

Juban, Sorsogon – 42°C

CBSUA-Pili, Camarines Sur – 43°C

Roxas City Capiz – 44°C

Mambusao, Capiz – 42°C

Iloilo City, Iloilo – 43°C

Dumangas, Iloilo – 43°C

La Granja, La Carlota, Negros Occidental – 43°C

Catarman, Northern Samar – 43°C

Catbalogan, Samar – 43°C

Tacloban City, Leyte – 43°C

Guiuan, Eastern Samar – 45°C

Maasin, Southern Leyte – 42°C

Dipolog, Zamboanga del Norte – 42°C

Zamboanga City, Zamboanga del Sur – 43°C

Cotabato City, Maguindanao – 43°C

Butuan City, Agusan del Norte – 43°C

PAGASA said heat index is what the temperature feels like to the human body when relative humidity is combined with the air temperature.

The bureau advised the public to limit the time spent outdoors, especially at noon, and drink plenty of water.

People going outdoors are reminded to use umbrellas, or wear hats and sleeved clot
hing.

Meanwhile, the easterlies will bring partly cloudy to cloudy skies with isolated rain showers or thunderstorms across the country.

The whole archipelago will have light to moderate winds and slight to moderate seas.

Source: Philippines News Agency

MANILA: Thirty-four local government units (LGUs) have expressed support in upholding Philippine sovereignty in the West Philippine Sea (WPS) amid China’s aggressive actions, Department of the Interior and Local Government (DILG) Secretary Benjamin Abalos Jr. said at the Saturday News Forum in Quezon City.

Abalos said the DILG received manifestations of support to protect the country’s interests in the WPS.

“They came together to express support in safeguarding the Philippine Sea at tiningnan namin anong mga kailangan nila – mga patubig ba ito, mga pa-ilaw, etcetera (and we are identifying what they need — water, electricity, etcetera),” he said.

The resolutions were among the outcomes of the DILG’s first National Summit for the West Philippine Sea held last year.

It aimed to create a common vision and develop a plan of action for a more secured, sustainable, prosperous future for the WPS, particularly among LGUs in coastal areas.

In his speech during the 503rd commemoration of the Victory of Mactan at
Liberty Shrine in Lapu-Lapu City, Cebu also on Saturday, President Ferdinand R. Marcos Jr. hailed Filipinos for their patriotism as shown by their collective effort to assert sovereign rights aligned with international law and order.

President Marcos said patriotism can be seen in every Filipino through their valor and selfless participation for nation-building.

‘Ito ay nakikita sa pagmamahal natin sa ating kapwa, pag-aaruga sa mga napinsala, pagtulong sa mga nagdarahop, at pagtanggol sa mga inaapi (This [patriotism] can be demonstrated by our love for others, caring for the afflicted, helping the impoverished, and protecting the oppressed,’ Marcos said.

‘Ito ay nakikita sa matapang nating paggiit sa ating karapatan at sa pagtanggol kung ano ang atin ayon sa ilalim ng batas, sang-ayon sa pandaigdigang kaayusan at sa mata ng ating Diyos (This is also demonstrated by fighting for our rights and defending our sovereignty in accordance with law and international order, as well as in the eyes of God),’ he added
.

The Philippines’ tough stand against China is one of the reasons why the President was named one of the world’s 100 most influential people by the 99-year-old American publication Time Magazine.

Source: Philippines News Agency