The Ministry of National Defense has thrown its support behind a plan to issue an air transport license to IPP Air Cargo JSC, whose chairman is billionaire Johnathan Hanh Nguyen, according to a dispatch recently sent to the Government Office.

To deal with fuel prices, the Civil Aviation Authority of Vietnam (CAAV) just proposed raising air service prices on domestic routes to the Ministry of Transport (MoT).

The Muan International Airport in the Republic of Korea (RoK)’s South Jeolla province will allow the resumption of international flights, including those to Vietnam, this July.

The Civil Aviation Administration of China (CAAC) has agreed to allow airlines of Vietnam and China to operate two flights per week, instead of only one flight per week as before, the Civil Aviation Authority of Vietnam (CAAV) said on June 16.

Vietnam’s domestic aviation market is recovering at the fastest pace in the world with a growth rate of 123 percent compared to the same period of 2019, before the COVID-19 pandemic broke out.

Within the framework of the sixteenth Asian Routes Development Forum, many participants said that the aviation industry plays an important role in the development of the country’s economy and the industry links Vietnam and the world.

Controlling the number of new airlines until the market recovers and restricting licensing to expand fleets in the immediate time are solutions proposed by the State Capital Management Commission (SCMC).

The aviation market in Vietnam is vibrant and recovering with the number of international visitors increasing five-fold, according to experts.

As the international flight market needs more time to recover from the negative impacts of the COVID-19 pandemic, the Civil Aviation Administration of Việt Nam (CAAV) has called for more Government support for airlines operating in the country.

National Assembly (NA) Chairman Vuong Dinh Hue and Speaker of the Indian Lok Sabha (the lower house) Om Birla attended a ceremony on April 19 in Hanoi to launch Vietjet Air's new direct air routes between Vietnam and India.

The aviation sector is forecast to achieve the strongest recovery in the second quarter of this year. Meanwhile, in the stock market, many aviation stocks have surged. 

Twenty-three airlines, including three domestic carriers (Vietnam Airlines, Vietjet Air and Bamboo Airways) have resumed flights between Vietnam and 20 countries and territories, according to the Civil Aviation Authority of Vietnam (CAAV).

Several airlines have appealed to the Ministry of Finance (MoF) and the Ministry of Transport (MoT), calling for favourable policies amid mounting fuel prices.

Vietnamese airlines have seen a surge of 441 per cent in international passengers but a decline in domestic passengers in the first quarter of 2022, according to the Civil Aviation Authority of Vietnam (CAAV).

The Russia-Ukraine military conflict has caused a significant impact on the Vietnamese civil aviation sector, with carriers struggling to cope with soaring costs, according to the Civil Aviation Authority of Vietnam.

The signing ceremony of partnership for authorized international sales representative between Gulfstream and Sun Air was held at Capella Hanoi hotel, marking a milestone for a new era in the luxury aviation industry in Vietnam.

Vietnam’s aviation industry is targeting about 43 million passengers in 2022, including eight million international tourists, or around 50 per cent of pre-pandemic numbers, according to the Civil Aviation Authority of Vietnam.

The reopening of international flights to Vietnam after more than one year of closure, coupled with the country’s bright prospect for economic recovery, will help accelerate the inflow of foreign direct investment (FDI).

Airlines are beginning to show clear signs of recovery, according to the securities firm Viet Capital Securities (VCSC).

Vietnam Airlines, Vietjet Air and Bamboo Airways are set to resume more domestic and international air routes, add flights and launch new services to meet the rising travel demand as the country will fully reopen tourism on March 15.