AIRLINE SERVICE FEES REDUCED FOR NEXT SIX MONTHS

The Airports Corporation of Việt Nam (ACV) has announced it will reduce airline service fees for six months from March to August to support airlines suffering from the COVID-19 pandemic.

On Friday, ACV reduced fees for a range of airline services at airports, including service fees for aircraft navigation (cut by 50 per cent); and pipe ladder services, carousel rentals, automatic baggage handling, check-in counters and ground services (by 10 per cent).

In addition, ACV, which operates more than 20 airports across the country, will waive office rental fees for airlines that have stopped flying, and reduce fees by 30 per cent fees for airlines that are still operating flights.

ACV will also waive fees for some specialised aviation services.

Last week, the Ministry of Transport asked the Ministry of Planning and Investment to report to the Prime Minister about the proposed reduction of 50 per cent for fees for takeoff, and landing and aircraft operating services for domestic flights.

The Ministry of Transport has also asked the Government to assign the Ministry of Finance to oversee an exemption of import tax and environmental protection tax on aircraft fuel for three months.

Domestic airlines have suspended many routes to China, South Korea, Europe, and Southeast Asia.

National flag carrier Vietnam Airlines has suspended all its international routes until April 30.

Vietnam Airlines had earlier suspended flights between Việt Nam and China, Hong Kong, Macao, South Korea, France, Russia, Malaysia and Taiwan.

According to ACV, this year the passenger volume through Vietnamese airports is expected to fall by 40 per cent compared to last year. International visitors will decrease by 70 per cent.

ACV expects profit this year will decrease by VNĐ10 trillion (US$430.2 million) due to the effect of the pandemic.

Source: VNS

Related News

MEMBER CORNER / PROMOTIONS

VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026

Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.

Jul 24, 2026

BANKING / FINANCE / INSURANCE / TAX

VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS

Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH

From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

CHINESE INVESTMENT WAVE OPENS NEW DOORS

As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET

Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND

In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.

Jul 23, 2026