The Ministry of Transport (MoT) has proposed to raise the foreign ownership limit for airlines to 49 per cent, as well as removing the difference in charter capital between international and domestic airlines. Vietnam to increase foreign ownership limit to 49 per cent at domestic airlines According to MoT's new draft decree, in a change from the previous limit of 30 per cent of charter capital, foreign investors in the aviation sector could own up to 49 per cent of charter capital in a Vietnamese airline. The draft decree amending Decree 92 also proposed to remove differences in the required minimum amount of capital for airlines providing international and domestic air transport services, which stipulates conditional business sectors or activities in the civil aviation industry. The draft decree stipulated the minimum amount of capital required for the establishment and maintenance of an airline operating up to 10 aircraft to be VND700 billion ($30.84 million). This … [Read more...] about Vietnam to increase foreign ownership limit to 49 per cent at domestic airlines
Domestic route
Vietjet selling tickets on Nha Trang-Đà Nẵng route
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Passengers flight with Vietjet. — VNS PhotoViet Nam News HCM CITY — Vietjet on Tuesday started offering tickets for its newest domestic route connecting Nha Trang City and Đà Nẵng City to better meet the travelling demand of local people and tourists. The new route will have daily flights of some one-hour duration per leg from September 21. The flight will depart from Nha Trang at 11.45am and arrive in Đà Nẵng at 12.45pm. The return flight will start from Đà Nẵng at 1.20pm and will land in Nha Trang at 2.20pm. “Nha Trang and Đà Nẵng, two coastal cities in the central region of Việt Nam, are popular destinations for both international and local tourists. With the opening of the new route, they will have more opportunities to discover these two interesting destinations with more flexible timings,” Vietjet said in a statement. To mark the introduction of the new flight, Vietjet is offering … [Read more...] about Vietjet selling tickets on Nha Trang-Đà Nẵng route
Vietnam Airlines to increase domestic airfare prices
National flag carrier Vietnam Airlines said it will raise airfare for its domestic routes starting on December 15. National flag carrier Vietnam Airlines said it will raise airfare for its domestic routes from starting on December 15. Five domestic air routes will see price hikes. The highest increases will be a 20% for economy class tickets. Increases in business class rates will be more modest, which will be capped at 5%. Vietnam Airlines is the first carrier in Vietnam to announce an increase in prices since the Ministry of Transport raised the ceiling for airfare price increases. Routes which see the most traffic, such as those travelling between Hanoi, Ho Chi Minh City and Danang, will see about a 15% price increase, while shorter routes, where other means of transport are viable, will see the highest increases, of up to 20%. Vietnam airlines also pledged to … [Read more...] about Vietnam Airlines to increase domestic airfare prices
Shipping firms still lag behind in domestic transport market
VietNamNet Bridge - Half a decade has elapsed since the Ministry of Transport (MOT) opened up the domestic transport market, worth $50 million a year, to only Vietnamese enterprises. Shipping agents are still facing difficulties In an effort to help Vietnamese container shipping firms overcome difficulties in the period after the 2008 financial crisis, MOT in 2013 stopped granting licenses to ships with foreign flags to carry containers on domestic routes. The move was very helpful. In 2012, the Vietnamese fleet held 58 percent of domestic market share. In 2013, the figure rose to 80 percent after the move, and in 2014, it was 95 percent. In late 2014, Vinamarine asked MOT not to resume licensing to foreign firms to carry containers on domestic routes. Since 2015, the Vietnamese fleet has been undertaking 100 percent of the transportation of goods in the domestic market. Though the market is controlled by Vietnamese shipping firms, an increase in freight has not … [Read more...] about Shipping firms still lag behind in domestic transport market
RoK’s Jeju Air to open route to Da Nang
In order to meet increasing travel demand during this winter, the airline will also launch flights from the Jeju International Airport to Manila of the Philippines and Chiang Mai of Thailand during the period, it said.The carrier added that it plans to open more flights from the Cheongju International Airport to Bangkok (Thailand), Taiwan (China) and Ulaanbaatar (Mongolia) from January 4 to February 25, 2018.According to a Jeju Air representative, the airline aims to increase its fleet from the current 31 to 39 by the end of next year. It will hire more 189-seat Boeing 737-800 planes to improve the quality of flights from Jeju Island to Southeast Asian countries.Early, Jeju Air also opened Nha Trang route. The route was the latest move by the budget carrier to expand into Southeast Asia and Japan not only to absorb the growing travel demand but also to offset sharp declines in passengers from China.In 2016, the RoK's six budget carriers Jin Air, Jeju Air, Air … [Read more...] about RoK’s Jeju Air to open route to Da Nang
HCM City yacht club opens to develop domestic river tourism
The HCM City Tourism Association has established the Viet Nam Yacht Club in HCM City, the first activities of which are aimed at helping to develop river tourism in the city, according to the association's chairman Nguyen Huu Tho. The first activities of the club, which groups some 20 yachts owners from HCM City and neighbouring provinces, are necessary for the development of river tourism, including collecting information about waterway transportation rules and preparing a map of stopovers in HCM City for yachts. Tho said the opening of the first river tour route from Bach Dang Wharf in District 1 to Ham Long Artisan Village in District 2 has helped pave the way for river tourism in HCM City. Source: VNS … [Read more...] about HCM City yacht club opens to develop domestic river tourism
HCM City Tourism Association and VietJet Air stimulate domestic tourism
(Cinet)- Ho Chi Minh City Tourism Association and VietJet Air have signed an agreement to run a program that will stimulate domestic tourism 2013-2014. Accordingly, VietJet Air will sell economy class flight tickets at a 49-51% discount to 24 travel companies participating in the program. With this fare reduction, along with reduction in price of other services, an overall package tour will cost 30% less. VietJet Air will apply reduced fare on seven flight routes from Ho Chi Minh City to Hanoi, Hai Phong, Vinh, Da Nang, Nha Trang, Buon Ma Thuot, and Phu Quoc, offering a maximum of 20 seats on each flight for the stimulus tour program. The program starts from August 15, 2013 and will last till August 14, 2014. … [Read more...] about HCM City Tourism Association and VietJet Air stimulate domestic tourism
Vietjet operates two more routes to Thailand
Previously, Vietjet also launched the first flight of Ho Chi Minh City-Chiang Mai (Thailand) route, which pleased both passengers and onlookers.Both new routes will serve the travel demands of local people and tourists alike while helping to promote trade and integration in the region. At the ceremony. (Photo: baodautu.vn) The ceremony saw the participation of Manopchai Vongphakdi, Thai Ambassador to Vietnam, the leadership of the Aviation Administration of Vietnam, leaders of the Culture, Sport and Tourism Department of Ho Chi Minh City as well as industrial leaders of Vietnam and Thailand. On the inaugural flight, passengers were delighted to receive unexpected gifts from Vietjet.The Ho Chi Minh City-Phuket route will operate a return flight on Mondays, Wednesdays, Fridays, Sundays with around two hours of flying. Flights will depart Ho Chi Minh City at 10:15 and arrive in Phuket at 12:10. Return flights will take off at 13:05 in Phuket and land in Ho Chi Minh City at … [Read more...] about Vietjet operates two more routes to Thailand
Vietjet opens three air routes between Vietnam and Thailand
Vietjet opens three air routes between Vietnam and ThailandLe Anh HCMC – Low-cost carrier Vietjet has recently opened three new air links between Vietnam and Thailand to meet the increasing travel demand. Vietjet on December 15 held a ceremony at Tan Son Nhat International Airport to inaugurate two new routes connecting HCMC and Thailand’s tourist destinations of Phuket and Chiang Mai. HCMC-Phuket flights are operated every Monday, Wednesday, Friday, and Sunday with a flying time of around two hours. Flights depart from HCMC at 10:15 a.m. and arrive in Phuket at 12:10 p.m. Return flights take off at 1:05 p.m. in Phuket and land in HCMC at 3:10 p.m. The airline operates HCMC-Chiang Mai flights every Tuesday, Thursday, Friday, and Sunday with each lasting around two hours. Flights depart from HCMC at 11:35 a.m. and arrive in Chiang Mai at 1:30 p.m. Return flights take off at 2:20 p.m. in Chiang Mai and land in HCMC at 4:25 p.m. The carrier will also launch a new service … [Read more...] about Vietjet opens three air routes between Vietnam and Thailand
Vietnam Airlines launches new domestic air route
Rolls-Royce runs courses for national carrier’s executives By Mong Binh - The Saigon Times Daily HCMC - Vietnam Airlines on Wednesday started flying on a new route connecting HCMC, Dalat and Danang in a move to improve its domestic flight network covering cities and tourist attractions in the country. It takes the ATR72 about 50 minutes to fly from HCMC to Dalat and 80 minutes from this Central Highlands resort city to the central coast city of Danang. A single fare for the Dalat-Danang ranges from VND500,000 to VND1.181 million (less than US$62), excluding tax and surcharges. Duong Tri Thanh, deputy general director of Vietnam Airlines, said the HCMC-Dalat-Danang was part of a strategy to expand the airline’s flight coverage within Vietnam in order to consolidate its leading position in the local market and take advantage of the its membership of the global airline alliance SkyTeam. Thanh said in a statement that the new route provided more air links between Danang and … [Read more...] about Vietnam Airlines launches new domestic air route