Hanoi (VNS/VNA) - Airlines are beginning to show clear signs ofrecovery, according to the securities firm Viet Capital Securities (VCSC).
Therecovery of the air industry in 2022-2026 will be attributed to looserrestrictions on air travel despite high daily COVID-19 case numbers andthe full reopening of tourism from March 15.
VietJetAir is expected to report profits from 2022, whereas Vietnam Airlines willfollow suit in 2024.
VCSCestimates that the total number of domestic flights in February has almost reachedpre-pandemic levels.
Thereopening in mid-March will give a fresh impetus to the industry, creatingmore flights.
Thesecurities firm believes there is a good chance that Vietnam will win tourismmarket share from other regional countries in the medium- and long-term,thanks to the quality of airline facilities and high vaccine coverage rates.
However,the possibility of higher oil prices continues to be a matter of concern forairlines as mounting fuel bills erode profitability.
“Brentoil prices are forecast to be 70 USD per barrel in 2022 and to floataround 65 USD per barrel between 2023 and 2025. Scenario analysis ofthe oil prices impact on Vietnam Airlines and VietJet Air shows that the twoairlines would experience considerable falls in valuation if oil priceshit over 100 USD per barrel in the next three years,” said VCSC.
VCSC estimatesthe two airlines' domestic flights will return to the pre-pandemic levelin 2023 and for international flights by 2026.
Accordingto the Civil Aviation Authority of Vietnam, total flights of allVietnamese airlines plunged to a record low of 1,311 in September 2021 dueto strict restrictions on air travel.
Thefigure soared to 25,220 in February 2022, thanks to the easing of air travelconstraints.
VCSCsaid air flights have been recovering in a V-shaped pattern since thefirst easing in October 2021./.
National flag carrier Vietnam Airlines plans to reopen seven domestic routes connecting tourist destinations to serve travel demand during the peak of the tourism season in summer.
Vietnam has officially reopened international tourism today – March 15. At present, the whole tourism ecosystem, from aviation, travel agents to accommodation and entertainment service providers, is ready to open doors to welcome visitors back.
The central province of Thua Thien-Hue and national flag carrier Vietnam Airlines have agreed on a comprehensive cooperation deal for 2022-26 to promote destinations, tourism, and local investment.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Photo: VNA) 
