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.
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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.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
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) 
