VIETNAM'S FIRST CHARTER AIRLINE TO FLY IN 2017

The company, set up in June, is based in Ho Chi Minh City with a capital of VND300 billion ($13.45 million). According to CAAV, the dossier met all requirements regarding capital, aircrafts, and the owners’ credentials.

According to Decree 92/2016/ND – CP on conditional businesses in civil air transport, dated July 1, 2016, based on the result of the CAAV review, the Ministry of Transport is going to prepare a report requesting the prime minister to license Vietstar.

If the Prime Minister approves, Vietstar is going to start flying in 2017 with a fleet of seven aircrafts, five of which (Airbus A320, A321, and Boeing 737 models) will carry passengers, and two (Boeing737 – 300 Freighters) will carry cargo.

Vietstar is going to operate routes linking North and South of Vietnam, as well as going to North Asia and South East Asia. It expects to carry 561,000 travellers and 32,000 tonnes of cargo in the first year of operation. The company plans to expand the fleet to 19 aircrafts in 2020, nine of which will be Boeing 737 – 300 Freighters.

In the 2010-2015 period Vietnam’s air transport market grew at an annual average of 15.9 per cent in passengers and 10.7 per cent in cargo. In 2015 Vietnamese airports transported 63 million travellers and 940,000 tonnes of cargo, an increase of 24.3 and 7.8 per cent, respectively, compared to 2014.

Source: VIR

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