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.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA) 
