PM sets new airline capital threshold guidelines
Prime Minister Nguyen Tan Dung has signed a decision stipulating that no commercial airline can be formed unless it has a minimum capital of VND300 billion ($14.4 million).
The VND300 billion threshold applies to airlines which have less than ten aircraft and operate solely domestic flights.
The minimum capital will increase to VND700 billion ($33.6 million) if a new carrier wants to fly international routes.
The PM’s decision also states that the licence of an airline will be revoked after 18 months from the date it was granted if the carrier does not start flying during that period.
The decision is effective from June 1, 2013.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Government confident about Vietnam’s export potential (March 13, 2025 | 10:26)
- Vietnam Access Days 2025 - Vietnam's largest investment conference (March 04, 2025 | 17:10)
- US tariff policies causing concern in Vietnam (March 03, 2025 | 17:43)
- Threats to cybersecurity require more sophisticated response in 2025 (March 03, 2025 | 17:22)
- Criteria for evaluation of FDI efficiency in Vietnam issued (February 24, 2025 | 10:56)
- Vietnam emerges as top tourism hot hotspot (February 24, 2025 | 10:45)
- Strong trend towards tech-driven retail in Vietnam (February 22, 2025 | 11:34)
- Vexos to expand facility in Ho Chi Minh City (February 22, 2025 | 11:18)
- Businesses must take lead in science technology and innovation (February 13, 2025 | 17:35)
- Vietnam still holds opportunities for continued steel, aluminum exports to US: official (February 12, 2025 | 15:35)
Latest News
Mobile Version