Want to be in the loop?
subscribe to
our notification
Business News
MINISTER OF TRANSPORT CALLS FOR RESUMPTION OF INTERNATIONAL FLIGHTS
Việt Nam’s Minister of Transport Nguyễn Văn Thể has called for the resumption of international flights in and out of the country.
The minister made the call during a briefing of the transport ministry, as airlines prepare to restart domestic routes following the easing of social distancing measures designed to contain and control the COVID-19 pandemic.
Đinh Việt Thắng, Director of the Civil Aviation Authority of Vietnam (CAAV), spoke at the May briefing held by the Ministry of Transport in Hà Nội on Thursday, saying that the air transport sector is recovering quickly after the regulations have been gradually eased.
Thắng said in the past six days alone, including four public holidays, domestic airlines carried 230,000 passengers, reaching an average of 39,000 passengers per day, 38 per cent of the figure last year.
“It is likely that the domestic aviation market will recover by the middle of next year. Regarding the international market, it may recover by the end of 2021,” Thắng said.
Domestic airlines carried about 1.231 million passengers and 105 million tonnes of goods in the first four months of this year, down 27.5 per cent and 7.2 per cent year-on-year, respectively.
Trần Bảo Ngọc, director of the transport ministry’s Department of Transport, said the aviation sector is the most affected of the five transport sectors, including railway and waterway.
He said Vietnamese airlines have stopped operating almost all domestic and international routes, running only a few flights to transport passengers from Việt Nam to several international destinations, cargo flights and three routes connecting Hà Nội, Đà Nẵng and HCM City with a minimum frequency to serve the essential needs of air transport.
“Since April 1, the number of passengers travelling by air is only by 1-2 per cent compared to the time before the pandemic,” Ngọc said.
Vietnam Airlines Group is one of the most affected businesses. In the first quarter of this year, the firm’s consolidated revenue decreased by about 26 per cent.
The revenue and profit of Airport Corporation of Vietnam (ACV) decreased by 24 per cent, while the flight control output and revenue of the Vietnam Air Traffic Management Corporation (VATM) decreased by 60 per cent year-on-year.
"Air transport is taking place in a worse situation than expected, with an estimated volume of about 43 million passengers carried in 2020, down 46 per cent year-on-year,” Ngọc said.
At the briefing, Minister of Transport Nguyễn Văn Thể directed the Department of Transport and CAAV to propose the restoration of a number of international flights with very limited frequency, giving priority to experts and officials, while ensuring strict control of anti-pandemic measures as well as social distancing.
Source: VNS
Related News
CHW30200 LUGGAGE – THE IDEAL TRAVEL COMPANION FOR MODERN JOURNEYS
• Compact & practical design – easy to carry on any trip• Optimized storage space – keep your belongings organized and efficient• Durable construction – enhanced protection for your essentials on the go
OKTOBERFEST VIETNAM 2026 RETURNS @ WINDSOR PLAZA HOTEL
Save up to 25% until 31 August 2026! For 30+ Tickets, contact Hotline for exclusive offers. From 23 - 26 September 2026, don't miss your chance to immerse yourself in the vibrant atmosphere of Oktoberfest Vietnam - one of Saigon's most anticipated celebration of German culture, cuisine and music. Inbox us to secure your ticket or contact.
THE REVERIE SAIGON’S MOONCAKE COLLECTION 2026 - THE MOONLIT BLOSSOMS
Inspired by the autumn full moon, blooming Osmanthus, and vibrant Peonies, The Reverie Saigon presents The Moonlit Blossoms collection, featuring three exquisite masterpieces that celebrate harmony, prosperity, and the joy of reunion. Discover more & Place your order: https://www.thereveriesaigondining.com/mooncake-collection-2026
GOV’T PROPOSES REDUCING INCOME TAX BY 30% FOR BUSINESS WITH REVENUE OF VND10 BLN
The Government is preparing to submit to the National Assembly a proposal to reduce income tax by 30 percent in the 2026–2027 period for business households, individuals, and enterprises with annual revenue up to VND 10 billion (US$381,621). The Government also proposes a 30 percent reduction in personal income tax for micro-enterprises with annual revenues of up to VND 10 billion in 2026 and 2027.
HÀ NỘI SEEKS NEW GENERATION OF FDI TO POWER TECH, INNOVATION-LED GROWTH
After more than three decades as one of Việt Nam's leading destinations for foreign investment, Hà Nội is entering a new phase, shifting its focus from attracting capital in volume to drawing technology-intensive investment that can help transform the capital into a regional hub for research, innovation and high-tech industries.
BANK COUPON RATE HITS RECORD HIGH OF 10% PER YEAR
Amid surging demand for capital, commercial banks have been ramping up bond issuance, with rates reaching a record high of 10 per cent per year. Sacombank has recently announced the completion of three private bond placements in July, raising a total of VNĐ3.65 trillion (US$139 million) to raise medium- and long-term capital, strengthen financial capacity, enhance risk resilience and meet regulatory capital requirements.
























