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Update news aviation sector
2020 was a disastrous year for the aviation and tourism industries, which were hit hard by the Covid-19 pandemic.
The Civil Aviation Authority of Vietnam has warned that Vietnamese people who have been stuck in foreign countries due to the pandemic and wish to get back home should watch out for fake advertisements for tickets on repatriation flights.
To offset the decline in revenue from international flights, airlines have been trying to exploit more domestic air routes.
The members of the Prime Minister’s Economic Advisory Council all agree that it is necessary for the State to help state-owned Vietnam Airlines overcome difficulties caused by Covid-19.
Amid serious impacts of COVID-19, there are hopeful points for the aviation sector on the back of the EU-Vietnam Free Trade Agreement.
Airlines restored most of the domestic flight network after the social distancing campaign ended, and is considering resuming international flights with countries that have controlled COVID-19 well.
Activities at large airports such as Noi Bai and Tan Son Nhat as well as local airports have become busy again thanks to domestic flights.
Vietnam’s airlines have halted providing flights on most international air routes because of the Covid-19 crisis. This is causing big losses to air carriers and land service companies.
The Transport Ministry has requested the suspension of the transport of Vietnamese from foreign countries to the Tan Son Nhat International Airport in Ho Chi Minh City, starting from 0:00am on March 25 to 31.
The initial loss caused by the suspension of flights to and from China for Vietnam’s airlines could be up to VND10 trillion.
To reach higher levels of prosperity, Vietnam is encouraged to strengthen transport connectivity to seize international trade opportunities, as well as integrate deeper into world markets.
Indonesian airlines have served 21 million passengers fewer than they did in 2018, said Chaikal Nuryakin, Head of the Digital Economy and Behavioral Economics Research Division at the University of Indonesia.
VietNamNet Bridge – All cases causing airway insecurity at levels B and C (A is the highest level) in the first six months this year were made by people, and this fact raised a “red” alarm about work force quality in the airway sector,
VietNamNet Bridge – Injecting money into airlines is not the choice of short- term investors, but airlines’ shares are very attractive in the eyes of bankers, even though the ratio of profit of revenue is not high.
Da Nang airport gets new cargo terminal; VN expects to sell entire annual rice yield; Contractors banned from water project; Foreign investors vital for economy; Cat Lai Port acts on congestion; Aviation sector needs HR rethink
VietNamNet Bridge – Vietnam’s aviation sector needs a breakthrough in human resources, especially when airlines are expanding their fleets, launching new routes and preparing for their initial public offerings (IPO).
Vietnam’s aviation sector posted single-digit growth in terms of passenger number in the challenging year 2012 when macro-economic woes forced individual and corporate passengers to tighten their purse strings.
Rumors have been spread out that Air Mekong, a private airline, may have to stop flying because of the big debts it cannot pay to partners.