Vietnam Business & Weather Briefing (June 23): RoK Airlines re-operates Direct Flights to Da Nang

Business Briefing

Reference exchange rate

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at VND 23,101/USD on June 23, up VND 12 from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is VND 23,793/USD, and the floor rate is VND 22,408/USD.

The opening-hour rates at some commercial banks increased. At 8:30 am, Vietcombank listed the buying rate at VND 23,065/USD and the selling rate at VND 23,380/USD, both up VND 5 from June 22. Meanwhile, BIDV also raised both rates by VND 5, at VND 23,105/USD (buying), and VND 23,385/USD (selling).

Photo: Thanh Nien

Aviation news: RoK airlines re-operates direct flights to Da Nang

Korean Air - the biggest airline in the Republic of Korea (RoK) - reopened its direct air route from Incheon to the central city of Da Nang on June 22. Flight KE9463 of the carrier with over 200 passengers on board from Incheon International Airport landed at Da Nang International Airport on the same day, according to VNA.

After travel restrictions between Vietnam and the RoK were lifted, Korean Air began operating charter flights with a frequency of two flights per week to Da Nang on Wednesdays and Saturdays to meet the increasing needs of tourists. The firm plans to operate one regular flight per day from July 27, 2022.

Direct working sessions between Da Nang’s leaders and representatives of major international airlines within the framework of the Asia Routes Development Forum 2022 have a positive impact on the resumption of flights to the central city, said Deputy Director of the municipal Department of Tourism Nguyen Xuan Binh.

Korean Air was one of the first two Korean airlines to come to Da Nang, creating a breakthrough for the market, Binh said, expressing his belief that the return of the Korean Air will positively impact the recovery of the leading tourist market of Da Nang. Chung Eui-seock - Chief Representative of Korean Air in Da Nang - said after restarting charter flights, Korean Air plans to fly daily to Da Nang from July 27, 2022.

Photo: CafeBiz

Market news: National promotion month to begin in mid-November

Vietnam Grand Sale 2022, the annual national promotion month program, is set to take place nationwide from November 15 to December 22. In its Decision No. 1183/QD-BCT, the Ministry of Industry and Trade (MoIT) said promotion activities during the month will be held in both online and offline formats to stimulate domestic consumption and spur production and business, contributing to economic recovery and development post-Covid-19.

The program is also intended to raise consumers’ awareness of Vietnamese goods and services, promote products and culture of regions, and attract tourists, according to the ministry. The Vietnam Trade Promotion Agency has been assigned to coordinate with relevant agencies in the implementation work.

Merchants and businesses looking to join the programme are advised to run their advertisement on the national public services portal at https://dichvucong.gov.vn. The previous edition of the program was held from December 1, 2021, to January 1, 2022.

Photo: VNA

Weather Forecast

June 24: The area from Thanh Hoa to Phu Yen will be hot with the highest temperature of 35-37 Celcius degrees. The lowest relative humidity of the day is from 55-70%. In the Northern Delta and Hoa Binh, the highest temperature will be 34-36 Celcius degrees.

June 25-26: The heat is likely to increase in the midland, northern delta, and central regions. Due to the influence of the hot sun and low humidity, there is a high risk of fire in the Central region.

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