An airplane of Hai Au - a subsidiary company, specialised in providing sightseeing services of Thien Minh Aviation Joint Stock (Photo courtesy of Thien Minh Aviation Joint Stock)
Hanoi (VNA) - The Ministry of Planning and Investment (MPI) has askedPrime Minister Nguyen Xuan Phuc not to approve plans to open a new airline in Vietnam.
Canh Dieu(Kite) Air hoped to launch in the second quarter of 2020, but the project wasput on hold because of the COVID-19 pandemic.
Now the MPIhas informed the PM that because the domestic aviation industry was facing somany difficulties, now is not the time to start a new airline.
The CivilAviation Administration of Vietnam (CAAV) has said the domestic aviation marketthis year is expected to only receive 42.7 million passengers, a decrease of 46percent compared to 2019.
Vietnameseairlines now have 214 aircraft, but they have only operated domestic routes andsome international cargo flights with the exploitation rate of less than 50 percentcompared to their capacity, the administration said.
The Ministryof Transport also asked the Government to only approve the Canh Dieu Air after2022 when the domestic aviation market recovers.
The ministryalso said Canh Dieu Air’s plans were drawn up in 2018-2019 when the domesticaviation market developed with the growth rate of 13-20 percent each year.
The project,worth 5.5 trillion VND (237 million USD), was invested by Thien Minh AviationJoint Stock Company.
The originalplan would have seen six ATR72 aircraft operating flights within Vietnam. Itsfleet is expected to increase to 30 planes, including 15 ATR72 and 15 A320/321or equivalent aircraft, by 2025./.
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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.
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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.
An airplane of Hai Au - a subsidiary company, specialised in providing sightseeing services of Thien Minh Aviation Joint Stock (Photo courtesy of Thien Minh Aviation Joint Stock) 
