Airlines in Vietnam need new investors to improve their financial position after three years of the pandemic.

Deputy Minister of Transport Le Anh Tuan has requested the Civil Aviation Administration of Vietnam (CAAV) to review the licenses of air transport businesses in Vietnam.

The on-time performance (OTP) of Vietnamese airlines stood at 95.3% in January, down 0.9 percentage points from the previous month, while the number of flights increased 15.6%, said the Civil Aviation Authority of Vietnam (CAAV).

Some Vietnamese tycoons have given up dreams of establishing airlines for a number of reasons.

The Ministry of Transport (MoT) has asked the Prime Minister to allow the ministry to grant a licence in aviation cargo transportation for IPP Air Cargo Joint Stock Company – the first cargo airline 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.

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.

Vietnam has so far reopened air routes to 20 countries and territories, compared to 28 in the 2019 winter flight schedule before the COVID-19 pandemic broke out, a transport official has said.

The Civil Aviation Authority of Viet Nam (CAAV) has sent an official dispatch to the Ministry of Transport (MoT), urging the ministry to consider granting aviation licenses to new airlines.

New-aged carrier Vietjet and Lufthansa Technik have signed an agreement at Singapore Airshow to adopt AVIATAR’s Technical Logbook, the seamless digital pilot-to-maintenance collaboration application.

The Civil Aviation Authority of Vietnam (CAAV) will decide on the frequency of domestic flights to meet the travel demand during the upcoming Tet (Lunar New Year) holiday, under a document signed by Deputy Minister of Transport Le Anh Tuan.

Local aviation enterprises have again asked for preferential loans to overcome difficulties caused by the pandemic.

The Ministry of Transport announced on October 19 that it has built plans on restoring domestic flights in the period from October 21 – November 30 based on the outcomes of the pilot resumption of domestic flights from October 10-17.

The Vietnam Aviation Business Association asked the Government to consider a proposal to slash 30 per cent off the airlines' income tax for 2020 and the first half of 2021.

Private airlines have requested access to 0 percent interest loans, similar to the support Vietnam Airlines (VNA) - the country's flag carrier - is entitled to, heard a meeting among the State Bank of Vietnam (SBV), commercial banks and the airlines.

Airlines continued to debate whether a floor price should be implemented with both supporters and naysayers making arguments for their case. 

During the fourth Covid-19 outbreak, the Civil Aviation Administration of Vietnam asked domestic airlines to limit the number of flights from provinces and cities implementing social distancing under Directive 16.

The Civil Aviation Authority of Viet Nam (CAAV) has asked domestic airlines to continue reducing the frequency of flights from/to cities and provinces currently placed under social distancing.

The Ministry of Transport has issued a decision on scrapping the general aviation business licence No. 01/2018/BGTVT-VT granted to Globaltrans Air Service JSC.

Vietnam's airline industry is facing its worst crisis yet amid the COVID-19 pandemic, an online conference on financial solutions to keep the industry afloat heard on Monday.