Vietnamese airlines to resume regular flights to China
Vietnamese airlines will resume regular flights to China from January 8, similar to the pre-pandemic period, as the northern neighbor lifts Covid-19 restrictions.
In late December last year, the Civil Aviation Administration of China (CAAC) announced that starting January 8, both Chinese and foreign airlines could resume flights as per their bilateral Air Service Agreements, indicating that temporary restrictions on the number of international passenger flights as well as the limitation on passenger load factors will be lifted.
The CAAC added that some airports might be understaffed and urged carriers to contact them in advance to avoid difficulties.
However, it would be difficult for Vietnamese airlines to resume flights to China to pre-pandemic levels for the summer season 2023 (March 26-October 28), said the Civil Aviation Authority of Vietnam (CAAV) at a meeting with five Vietnamese airlines.
The CAAV analyzed that demand for Vietnam-China flights in the coming time would mainly come from businesspeople, family visits, and students, so the aviation market would not instantly rebound to pre-pandemic levels.
In reply, Vietnam Airlines, Vietjet Air, Bamboo Airways, Pacific Airlines, and Vietravel Airlines, urged the CAAV to continue working with its Chinese counterpart to guarantee easier rules for flight slots. They also urged the CAAV to work with relevant authorities to apply suitable visa policies for Chinese visitors, as this group plays a key role in Vietnam’s tourism industry.
Vietnam Airlines will continue operating flights linking Hanoi to Nanjing and Shanghai; and HCMC to Shenzhen, Hangzhou, Shanghai, Sichuan, and Guangzhou with six flights a week. The carrier plans to increase flight frequencies from March, from three to five flights a week on the routes to Shanghai, Beijing, and Guangzhou, prioritizing regular flights.
Vietjet Air is running six flights per week connecting HCMC to Shenzhen, Hangzhou, Shanghai, Sichuan, and Wuhan. It plans to launch flights from Cam Ranh in the central province of Khanh Hoa to Changsha, Chengdu, and Hefei later this month. For the summer of 2023, the Vietnamese budget carrier has 60 out of 85 routes with allocated flying slots.
Pacific Airlines is flying from Hanoi to Hangzhou and Nanning with two flights per week and eyes more Chinese destinations like Guangzhou and Fuzhou from the summer.
Prior to the announcement by the CAAC, some Vietnamese airlines had already announced the resumption of trips to China.
On December 6, 2022, Bamboo Airways debuted its Hanoi-Tianjin route with two flights carrying nearly 400 passengers.
On December 9, 2022, national flag carrier Vietnam Airlines ran a flight from Ho Chi Minh City to Guangzhou, the first regular flight to China to take off by the carrier after nearly three years. After that, the airline resumed its Hanoi-Shanghai, HCMC-Shanghai, and Hanoi-Hong Kong routes.
In 2019, prior to the Covid-19 pandemic, China was the biggest source of foreign visitors to Vietnam with 5.8 million, followed by South Korea with 4.29 million, and Japan with 952,000, according to the General Statistics Office. The country attracted 18 million foreign tourists that year.
- Read More
Czech's Sev.en Global Investments to make Europe's largest energy investment in Vietnam
Czech-based Sev.en Global Investments, a multi-sector business, will expand its footprint to Asia, with Vietnam as a key market, the firm announced Wednesday.
Energy - Wed, December 18, 2024 | 3:43 pm GMT+7
Vietnam's Mekong Delta has immense opportunities for herbal-based medicine development: exec
The government should prioritize planning for designated growing areas and support product promotion to advance the development of products derived from medicinal herbs, said Pham Thi Xuan Huong, general director of OPC Pharmaceutical JSC.
Companies - Wed, December 18, 2024 | 2:15 pm GMT+7
Petrovietnam seeks WB support in offshore wind energy
State-owned Petrovietnam has called on the World Bank to provide support, including capital, to help with green energy projects, especially offshore wind power.
Energy - Wed, December 18, 2024 | 1:36 pm GMT+7
Masan High-Tech Materials exits its downstream business H.C. Starck
Vietnam's Masan High-Tech Materials on Wednesday announced the successful closing of the sale of 100% of H.C. Starck Holding (Germany) GmbH to Mitsubishi Materials Corporation Group.
Companies - Wed, December 18, 2024 | 1:24 pm GMT+7
New stock trading system KRX must come on stream in 2025: regulator
The State Securities Commission (SSC) of Vietnam has demanded stock exchanges and related entities to launch the new stock trading system KRX in 2025.
Finance - Wed, December 18, 2024 | 11:40 am GMT+7
Hong Kong-invested battery maker GPPD raises Vietnam investment to $35 mln
Singapore-incorporated GPPD Pte. Ltd., a subsidiary of Hong Kong-based Gold Peak Technology Group Limited, has increased its investment in Vietnam’s southern province of Binh Phuoc to $34.6 million.
Industries - Wed, December 18, 2024 | 11:17 am GMT+7
Vietnam interest rate unlikely to fall further: experts
Interest rates in Vietnam are unlikely to decrease further and may even rise slightly in the near future, according to Pham The Anh, chief economist at the Vietnam Economic and Strategy Research Center (VESS).
Economy - Wed, December 18, 2024 | 10:04 am GMT+7
Vietnam an important partner of Guangdong-Hong Kong-Macao Greater Bay area: Sunwah Group chairman
Through Hong Kong, an international financial center, Vietnamese businesses can more easily and effectively access the Guangdong-Hong Kong-Macao Greater Bay, says Sunwah Group chairman Jonathan Choi.
Economy - Wed, December 18, 2024 | 8:17 am GMT+7
Hanoi plans to start work on metro line 2 next year
Hanoi is set to start the construction of a section of its metro line 2 next year at a cost of VND35.58 trillion ($1.45 billion).
Infrastructure - Tue, December 17, 2024 | 9:15 pm GMT+7
Bamboo Capital highlights role of businesses in advancing Vietnam’s circular economy
Dr. Hoang Trung Thanh, a senior leader of Vietnam's conglomerate Bamboo Capital Group, emphasized the pivotal role of businesses in driving Vietnam’s green economy strategies during his speech at the recent Vietnam Circular Economy Forum 2024.
Bamboo Capital - Tue, December 17, 2024 | 8:15 pm GMT+7
F88 partners with MB to transform over 850 financial stores into bank transaction offices
Military Commercial Joint Stock Bank (MB) and leading consumer finance firm F88 on Monday officially signed a comprehensive cooperation agreement.
Companies - Tue, December 17, 2024 | 8:15 pm GMT+7
Vietnam’s e-commerce boom: a $5.8 bln opportunity by 2028
Vietnam’s business-to-consumer (B2C) e-commerce export value is estimated at VND145.2 trillion ($5.8 billion) by 2028, with micro, small and medium-sized enterprises (MSMEs) projected to contribute 25%.
Southeast Asia - Tue, December 17, 2024 | 7:32 pm GMT+7
Vietnam's retail giants to ensure sufficient supply, steady prices of Lunar New Year holiday goods
Saigon Co.op has stockpiled more than 12,000 tons of essential goods traditionally consumed for the upcoming Lunar New Year (Tet) holiday in late January, or 30-50% higher than normal.
Southeast Asia - Tue, December 17, 2024 | 7:28 pm GMT+7
Indonesia offers tax incentive to hybrid car makers
Indonesia will offer a sales tax incentive on Government-borne Luxury Goods (PPnBM DTP) of 3% for hybrid cars from next year.
Southeast Asia - Tue, December 17, 2024 | 7:21 pm GMT+7
Indonesia ready to establish bullion banks
Indonesia is ready to set up bullion banks after developing its capability to produce gold bars domestically, according to Minister of State-Owned Enterprises (SOEs) Erick Thohir.
Southeast Asia - Tue, December 17, 2024 | 7:19 pm GMT+7
Thailand, South Korea begin third round of Economic Partnership Agreement talks
Thailand and South Korea on Tuesday kicked off the third round of their talks for an Economic Partnership Agreement (EPA) aimed at broadening trade and investment exchanges, according to the latter's Ministry of Trade, Industry and Energy.
Southeast Asia - Tue, December 17, 2024 | 7:16 pm GMT+7
- Opinion
-
Vietnam embraces new wave of investments: HSBC exec
-
Chinese e-commerce giant Temu's Vietnam entry: unfair competition or market economy norm?
-
Vietnam's economy: positive changes but concerns persist
-
Slow administrative procedures hinder Korean investments in Vietnam: KoCham chair
-
Abundant real estate opportunities surround HCMC
-
Vietnam needs to modify FDI incentives to stay competitive amid global minimum tax application: expert