Passengers arrive at Tan Son Nhat airport in HCM City. Due to the current difficulties of the local aviation industry, no new airline is allowed to open until 2022 . (Photo: VNA)
Hanoi (VNS/VNA) - No new airlines will beallowed to open in Vietnam until 2022 at the earliest, Deputy Prime Minister Trinh Dinh Dung has announced.
The Deputy PM said until the aviation industry has fullyrecovered from the fall-out of the COVID-19 pandemic, no new airlines will beconsidered.
His ruling conforms proposals submitted by the Ministry ofTransport (MoT) in May.
The announcement will come as a blow to a number of newairlines that were hoping to take to the skies soon.
Kite Air of hospitality group Thien Minh and Vietstar Airlinesof Vietstar Airlines Multirole Corporation were racing for permits.
With the ministry’s decision, these airlines must continue towait for permits.
Minister of Transport Nguyen Van The said: "In the most optimisticscenario, only in 2022, the local aviation market could reach the result it didin 2019."
According to the ministry, Vietnam has 214 aircraft, butright now less than half are being used.
To ensure the State management of aviation to developsustainably in the future, the MoT suggested focusing on restoring the domesticair travel and solve the difficulties for the local airlines.
According to the Government Office, Dung assigned the MoT to takeresponsibility in ensuring the sustainable development of the aviationindustry. He also assigned the Ministry of Planning and Investment with thefunction of appraising investment policy of the Kite Air project to report tothe Prime Minister in the future.
Currently, Vietnam has five commercial airlines includingVietnam Airlines, Vietjet, Jetstar Pacific Airlines, Bamboo Airways and VietnamAir Services (VASCO).
Earlier this year, Vietravel Airlines was granted the licenseto become the 6th commercial airline of Vietnam. It is applying for a flightpermit./.
The application made by Vietravel Airlines satisfies all conditions for licensing as an aviation transport business, according to the Civil Aviation Administration of Vietnam (CAAV).
Carriers have adjusted their flight frequency to reduce congestion at Noi Bai and Tan Son Nhat international airports that have both closed off a runway for major repairs.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Passengers arrive at Tan Son Nhat airport in HCM City. Due to the current difficulties of the local aviation industry, no new airline is allowed to open until 2022 . (Photo: VNA) 
