Vietjet attends “Bloomberg ASEAN Business Summit”

In December 3-4, 2015, the annual Bloomberg ASEAN Business Summit took place in Bangkok and attracted more than 500 investors, businesses, experts and speakers from the ASEAN region.

All of the topics related to the ratification of the ASEAN Economic Community (AEC) such as “Competition or Cooperation”, “How to make the single market work”, “Barriers to International Trade & Investment”, etc. have all been brought to discussion panels by economic experts, senior leaders of businesses and organizations in the region.

As discussed at the summit, AEC is expected to take shape by the end of 2015, marking a milestone for the full integration of all economies in the Southeast Asian region. In the wake of AEC, open policies for import tax, tariff, labor, goods, services, aviation, health care, etc…are all applied. Accordingly, Vietnam will have opportunities to better take part in the global supply chain. The access to Vietnam market will be enhanced due to effective and transparent business environment, simplified customs procedures and reduced cost for international trade transactions, which helps build a competitive and healthy business environment, prompt domestic enterprises to increase competiveness, thus have more chances to expand businesses in the regional market.

Besides the business opportunities within the open markets, enterprises will also face new challenges, especially the ones from the developing coutnries.

Vietjet Managing Director Luu Duc Khanh and Vice president Nguyen Thi Thuy Binh represented the BOD to attend the annual Bloomberg ASEAN Business Summit in Bangkok

Mr Khanh joined in the panel discussing about “AEC: How to make the single market work” topic with economic and financial experts from ANZ, SAP and IATA

Mr Khanh also shared about Vietjet’s results in business growth and fleet expansion in the past years as well as the airline’s application of high-technology in business management and sales channel development in the context of global intergration

During the panel, many questions about Vietjet were posed by the summit attendants and reporters. In response to the question about “Vietjet preparation for the competition in the coming time”, Mr Khanh said: “In line with the regional intergrated market, besides the cooperation and developemnt opportunities, we have been actively working on business strategies, which directly point out the challenges while focusing on achieving both middle-and-long-term targets. We have improved services and products in line with global standards, which are suitable for all different markets in the region”

Vietjet leaders exchanged information and discussed with partners, investors and experts in the sideline of the summit

Mr Don Lam, CEO and Co-founder of VinaCapital, Vietjet’s frequent SkyBoss flyer, also attended the discussion panel about investment opportunities in the region

The summit also featured many other panel topics such as “money flow in ASEAN”, “the impact of over-supply in the market”, “diversification in demand and supply for different market segments”, “identify big risk in the region”, etc.

In the wake of the coming AEC, BOD would like to ask for Vietjet family members to be creative, willing to adopt new information/knowledge and well prepared to take action for the new development phase and challenges.