Showing posts with label agents. Show all posts
Showing posts with label agents. Show all posts

Friday, February 11, 2011

Viva Macau bankruptcy hits 900 creditors in Vietnam

HCMC - Global distribution system firm GDS, the former general sales agent of Viva Macau in Vietnam, said Viva Macau’s bankruptcy had affected at least 900 local creditors.

Viva Macau still owes over US$150,000 to GDS, booking agents, travel agencies and passengers in Vietnam, according to GDS. However, the airline’s combined debt in Vietnam could reach around US$1 million if the unpaid bills of local service providers were included.

The company told the Daily on Thursday that there was little chance of the budget airline settling the debt.

GDS said it would continue to track new developments of the Viva Macau case, but noted Viva Macau leased almost assets from offices to aircraft as reported by the bankruptcy management agency under the court of Macau.

Viva Macau reportedly owes some US$38 million to 1,983 creditors including the Macau government, aircraft leasing and service companies, its staff, general sales agents, booking agents, travel firms and passengers in and outside the Chinese territory.

The court of Macao will consider petitions from creditors and decide who will be prioritized to get compensation after the court allowed Viva Macau to go bankrupt at the first two-day hearing in Macau last month because the carrier was unable to resume services.

Viva Macau started to fly to Tan Son Nhat Airport in December 2007 and Noi Bai Airport in early 2009. The carrier operated daily service to Tan Son Nhat and three weekly flights to Noi Bai before it had to call off its flights to Hanoi on March 27 and HCMC a day later.

In Vietnam, Indochina Airlines faces legal action from booking agents after the Civil Aviation Administration of Vietnam (CAAV) said this agency did not know how to contact the private airline to tell it to pay deposit debts for over 30 agents.

An official of CAAV told the Daily that he had once attempted to phone Ha Hung Dung, chief executive officer of Indochina Airlines, informing him of the agents’ calls for debt payment and order this carrier to send a report on how to settle debt, but Dung did not answer the call.

CAAV also received back a document it sent to the address of Indochina Airlines in its business license to inform the carrier of the agents’ request for their deposit payment. In addition to agents, the carrier has not paid tens of billions of dong to jet fuel and service providers, including Vietnam Air Petrol Co.

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Saturday, January 29, 2011

Chaos marks cooking gas market

Chaos marks cooking gas market

A decree regulating the price of cooking gas, which became effective
earlier this month, has failed to contain chaos on the market in HCM
City.


Earlier this month, following a global gas price
hike, domestic gas-trading companies raised prices by 14,000-15,000 VND
for each 12-kilo cylinder, with prices around 272,000 VND a cylinder.


Many customers in HCM City are paying 275,000 VND for a 12-kilo
cylinder from Sai Gon Petro and VT gas, and 280,000 VND for Total gas.


Gas-trading companies have conceded that they did a poor job of managing sale prices offered by retail agents.


Retail shops are reportedly selling cooking gas at prices higher than that specified by gas companies.


Currently, most gas companies sell products via wholesale agents, who
then sell to other agents and retail shops on the basis of a buy-sell
contract.


This can lead to one business being an agent for different brands of gas.


While gas companies can only manage gas prices at wholesale agents,
retail prices to end-users are decided by agents and retail shops.


Since every gas company has its own policy for their agents, agents
will focus on promoting gas products that offer higher profits.


Le Thi Anh Man, deputy general director of the Sai Gon Petro Gas Co,
said some 650 retail shops had signed contracts to sell gas produced by
her company.


However, the company faces difficulties in price management of these retail agents.


If her company forced retailers to strictly follow the company's
regulations, the agents would shift to another company, she said.


However, several gas agents have even filled cooking gas canisters and
sold fake products, according to gas production companies.


One customer in Go Vap District said she discovered that she had
purchased a fake gas canister as the gas was empty after 18 days of use
instead of one month.


Late last month, police discovered
many gas cylinders with a weight much lower than that listed on the
cylinder at Tin Nghia II gas establishment in the southern province
of Binh Duong .


The country has more than 80 gas-trading
companies, but only 60 of them have a registered trademark for their
empty gas cylinders.


Local task forces said fake gas accounts for 30 per cent of the total gas volume being marketed in Vietnam .


To avoid buying fake gas cylinders, customers must examine canisters to
see if they are lighter than normal, have unclear logos or an
inconsistent colour on the seal, according to the Market Management
Department of HCM City./.

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