Aerial threat
Vietnam’s prime minister began his first official visit to China by talking about calming tensions in the South China Sea but ended it with the promise of increased competition in the skies. Nguyen Xuan Phuc visited Hong Kong on the final leg of his six-day trip to announce VietJet’s new route from Ho Chi Minh City; connecting the two southern business hubs is the next stop in the low-cost carrier’s rapid expansion. Vietnam’s first privately owned airline turns 10 next year and it’s already vying with state-owned Vietnam Airlines for an equal share of the domestic market. Founder and CEO Nguyen Thi Phuong Thao is known for her colourful marketing stunts, such as bikini-clad flight attendants, but all eyes could soon be on the plucky airline’s financial figures as it ponders an initial public offering.