Domestic airlines’ fleets likely to shrink in two years: CAAV

The fleets of some Vietnamese airlines are likely to shrink in 2024 and 2025, thus subsequently affecting their transportation capacity on domestic and international routes, said the Civil Aviation Authority of Vietnam (CAAV).
Domestic airlines’ fleets likely to shrink in two years: CAAV ảnh 1Aircraft of some Vietnamese airlines (Photo: VNA)
Hanoi (VNA) - The fleets of some Vietnamese airlines are likely to shrink in 2024 and 2025, thus subsequently affecting their transportationcapacity on domestic and international routes, said the Civil AviationAuthority of Vietnam (CAAV).

Giving several reasons for the fleet contraction, the CAAV said thatin September 2023, engine manufacturer Pratt & Whitney announced the recallof PW1100 engines, which may affect 600 - 700 engines of this type used foraircraft around the world, to conduct in-depth examinations and repairs.

InVietnam, this type of engines is being used on some A321NEOs of VietnamAirlines and VietJet Air. The recall will force those aircraft to cease operatingin 2024 and 2025, starting January this year.

Besides, the CAAV noted, Bamboo Airways has also halted usingthree Embraer E190s along with the routes using these planes, namely Hanoi -Hue/Dong Hoi/Con Dao and Ho Chi Minh City - Dong Hoi/Con Dao, to carry out restructuring,reduce expenses, and improve performance efficiency. Its flights on the Hanoi -Con Dao route will stop on April 1.

Facingthat fact, the CAAV has asked the carriers to make aircraft supplementation plans,including renting aircraft and crew for peak periods and optimising theoperations of available vehicles.

Italso demanded them to update the lists of rescheduled flights on their websites orother means of media so that passengers can proactively arrange their trips,seriously fulfill carriers’ obligations towards passengers, and prevent illegalhikes of ticket prices.

Theauthority also recommended those using air transport services to selectsuitable means of transport, book tickets early, and buy tickets viaofficial offices of airlines to have their rights guaranteed.

During the Lunar New Year holiday, Vietnamese airlines rented 15aircraft with crew. Up to 7.2 million seats were supplied during this peak period,up 16% from the 2023 holiday and 26% from the current normal period, statisticsshowed./.
VNA

See more

The 21st conference of the 17th Hanoi Party Committee on January 21 (Photo: VNA)

Hanoi sets ambitious growth targets for 2025-2030

Hanoi has set a goal of achieving an annual growth rate of 10.5-11% during the 2025-2030 period, focusing on bolstering traditional economic drivers while implementing innovative solutions to promote new ones.

Minister of Industry and Trade Nguyen Hong Dien (Photo: VNA)

Vietnam commits to supporting Czech investors: Minister

Minister of Industry and Trade Nguyen Hong Dien pledged Vietnam’s support to Czech businesses and investors while addressing the bilateral business forum held in Prague on January 20 as part of Prime Minister Pham Minh Chinh’s official visit to the European country.

Processing mango products for export at the factory of An Giang Fruit and Vegetables JSC. in Lam Dong province (Photo: VNA)

UNCTAD leader highlights Vietnam’s role in global trade

Vietnam has emerged as a remarkable example of how trade and investment can fuel inclusive growth and development, according to Rebeca Grynspan, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD).

Le Anh Quan, Standing Vice Chairman of the municipal People's Committee and Chairman of the Vietnam-Korea Friendship Association delivers speech at the event. (Photo: VNA)

Vietnam, RoK strengthen friendship, cooperation

The Vietnam-Korea Friendship Association (VKFA) and the Korean Association in the northern city of Hai Phong hosted a friendship exchange on January 20 during which the Vietnam-Korea Business Club in Hai Phong was launched.

2025 - Year of acceleration, breakthroughs

2025 - Year of acceleration, breakthroughs

Prime Minister Pham Minh Chinh has instructed ministries, agencies, and local authorities to drastically and effectively implement three strategic breakthroughs, six key tasks, and 12 primary solutions, striving for double-digit growth in 2025, set to be the year of acceleration and breakthroughs, and laying the foundation for the 2026-2030 socio-economic development plan.

Furusawa Yasuyuki, General Director of AEON Vietnam Company Limited, speaks at a meeting with Can Tho city's leaders. (Photo: VNA)

Can Tho creates enabling environment to attract Japanese investors

The Mekong Delta city of Can Tho is committed to creating the best possible conditions for Japanese companies to study, invest and develop projects, Standing Vice Chairman of the municipal People’s Commitee Duong Tan Hien said at a January 20 meeting with representatives from the Japanese Embassy and businesses in Vietnam.

Representatives of the Vietnamese Ministry of Industry and Trade and the Office of the US Trade Representative sign an agreement regarding anti-dumping on Vietnamese fish fillets on January 20 (Photo: moit.gov.vn)

US anti-dumping duty removed from Vietnamese fish fillets

A bilateral agreement between the Vietnamese and US Governments regarding anti-dumping duties on Vietnamese fish fillets was signed on January 20, marking the end of relevant disputes in Case DS536 at the World Trade Organisation (WTO).

The red carps for the ritual remain reasonably priced at 25,000-75,000 VND for three fish, depending on sizes. (Photo: VNA)

Hanoi markets bustle as residents prepare for Kitchen Gods’ Day

Markets across the capital city of Hanoi are teeming with fresh produce and traditional offerings as locals are preparing to bid farewell to the ong Cong (Land Genie) and ong Tao (Kitchen Gods) to the heaven, an important precursor to the Tet (Lunar New Year) celebrations.

Illustrative image (Photo: cafef.vn)

Banks step up capital mobilisation policies

Many banks have promoted capital mobilisation policies right from the beginning of 2025 to improve financial strength and meet the credit demand that is forecast to increase sharply this year.

Illustrative image (Photo: VinFast)

VinFast officially enters India market, unveils two EVs

Vietnamese electric vehicle manufacturer VinFast has unveiled two all-electric B-segment and C-segment SUVs, VF6 and VF 7, that will be sold in the Indian market within the framework of the Bharat Mobility Global Expo 2025 on January 18.

WEF’s Head of Regional Agenda for Asia-Pacific Joo-Ok Lee. (Photo: VNA)

WEF expert believes in Vietnam’s new era

As the world transitions into a new era, Vietnam is emerging as a key player in multilateral cooperation mechanisms and a beacon of growth and development, said the World Economic Forum (WEF)’s Head of Regional Agenda for Asia-Pacific Joo-Ok Lee.