Business

New Vietnamese airline takes off with charter capital of 11.4 million USD

According to the company's registration documents, Crystal Bay Airlines Joint Stock Company was established on November 6, 2025, with a charter capital of 300 billion VND (11.4 million USD). The firm operates in 51 business sectors, with its main focus being air passenger transportation.

An illustrative image showing a Crystal Bay Airlines plane. (Photo: dantri.com.vn)
An illustrative image showing a Crystal Bay Airlines plane. (Photo: dantri.com.vn)


Hanoi (VNS/VNA) - The Vietnamese aviation market has just seen the arrival of a new airline, Crystal Bay Airlines.

According to the company's registration documents, Crystal Bay Airlines Joint Stock Company was established on November 6, 2025, with a charter capital of 300 billion VND (11.4 million USD). The firm operates in 51 business sectors, with its main focus being air passenger transportation.

As for the founding shareholder structure of Crystal Bay Airlines, Crystal Bay Tourism Group contributed 282 billion VND, equivalent to 94% of the company’s charter capital.

Crystal Bay Airlines Chairman Nguyen Duc Chi and General Director Bui Tuong Chi contributed 15 billion VND, accounting for 5% and 1% of the company’s charter capital, respectively.

Crystal Bay Tourism Group primarily operates in the fields of tourism, travel, resorts and tourism real estate investment. Prior to establishing the airline, the group had never directly owned or operated a fleet of aircraft under the Crystal Bay brand.

However, since around 2022, the company has become deeply involved in air transport serving tourism by organising and operating international charter flights bringing tourists to Vietnam, especially to destinations like Cam Ranh Bay and Phu Quoc Island.

These charter flights are often regularly operated by airlines like Vietjet Air and Bamboo Airways, connecting Vietnam with many markets, including Kazakhstan, Taiwan (China), Thailand, Mongolia and Uzbekistan.

By 2023, Crystal Bay had also established Crystal Bay Tour Co Ltd to develop software for selling airline tickets and tours while also implementing marketing and communication activities, which are considered vital for a travel business.

Crystal Bay's establishment of its own airline company is widely seen as a reasonable next step, aimed at completing its ecosystem and boosting its tourism business. /.

VNA
#Crystal Bay Airlines #charter capital
Follow VietnamPlus

Related News

A Vietjet Air aircraft (Photo: VNA)

Vietjet remains among world’s safest airlines

Vietjet Air has consistently maintained AirlineRatings’ highest safety rating of seven out of seven stars since 2018, underscoring its sustained efforts to ensure safe and reliable journeys for passengers.

An aircraft of Vietnam Airlines - Illustrative image (Photo: VNA)

Vietnam Airlines adds 270 flights to during 2026 New Year holiday

Vietnam Airlines said the swift deployment of additional flights during the New Year holiday demonstrates the carrier’s proactive approach and readiness in mobilising resources to serve passengers during peak travel periods at the end of 2025 and the beginning of 2026.

See more

Vehicles transporting import and export goods at Mong Cai international border gate. (Photo: VNA)

Mong Cai smart border gate to open new era for cross-border trade

The smart border gate will be based on Industry 4.0 technologies, with cross-border data connectivity serving as its core. Beyond modernising a single customs checkpoint, the project aims to create a regional-scale “digital gateway” facilitating more efficient trade flows.

Vietnam’s Trade Counsellor in Italy Duong Phuong Thao. (Photo: VNA)

Spring Fair 2026: Trade fairs boost Vietnam–Italy trade connectivity

Vietnam’s Trade Counsellor in Italy Duong Phuong Thao said the bilateral relations are developing positively, providing a solid foundation for economic and trade ties. The Italian Government, financial institutions and business community regard Vietnam as a key market in Southeast Asia.

The booth of the Vietnam Trade Office at a trade fair in Morocco. (Photo published VNA)

Spring Fair 2026: opportunities for trade between Vietnam and Morocco

Tran Le Dung, Head of the Vietnam Trade Office in Morocco, said Morocco has accumulated extensive experience in hosting large-scale agricultural trade fairs and exhibitions. Flagship events include the annual International Agricultural Exhibition in Morocco (SIAM), alongside specialised shows covering food and beverages, textiles, handicrafts and logistics.

Prime Minister Pham Minh Chinh delivers closing remarks at the Spring Fair 2026. Photo: VNA

Prime Minister attends Spring Fair 2026 closing ceremony

After 12 vibrant and colourful days, the first Glorious Spring Fair 2026 vividly portrayed the vitality of the nation’s economic and consumer activities at the beginning of the new year, leaving a strong impression on the public and business community.

Vu Thi Thuy, Deputy Consul General and Head of the Vietnam Trade Office in Hong Kong Special Administrative Region (China). (Photo: VNA)

Hong Kong experience offers insights for Vietnam–Hong Kong trade cooperation

At this year’s Spring Fair, the Vietnam Trade Office in Hong Kong facilitated the participation of several Hong Kong enterprises in Vietnam to conduct market surveys, seek import sources and showcase their products. Notably, a company under the Hong Kong Productivity Council presented technological solutions for smart homes and smart manufacturing at the event.

People shop for Tet at a supermarket. (Photo: VNA)

Vietnamese goods dominate Tet market in Mekong Delta

In key retail hubs such as Can Tho, Long Xuyen and My Tho, high-quality Vietnamese goods account for 85–90% of Tet market share. Surveys at major supermarket chains and traditional markets show that consumers this year are prioritising locally-processed foods, confectionery and beverages.

Prime Minister Pham Minh Chinh strikes the gong to inaugurate the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

Int’l Financial Centre – A catalyst for Vietnam’s economic breakthrough: Deputy PM

Standing Deputy Prime Minister Nguyen Hoa Binh, who chairs the IFC’s Governing Council, said that the establishment of the centre in Ho Chi Minh City and Da Nang represented the initial realisation of a major task set out in the Resolution of the 13th National Party Congress. While characterising the launch as an early milestone rather than a final achievement, he underscored that it reflected meticulous, methodical and determined preparations at multiple levels of government.

Kobayashi Yosuke, Chief Representative of JICA Vietnam. (Photo: JICA Vietnam)

JICA hails milestones in Vietnam partnership amid green, digital push

In line with Vietnam’s development priorities and its goal of becoming a high-income country by 2045, JICA will continue to work with a wide range of partners in both Vietnam and Japan to mobilise technical and financial resources for more sustainable and inclusive cooperation

Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT 2026) is expected to expand its scale by 20% compared to last year's edition. (Photo: bnews.vn)

Int’l trade fair for apparel, textiles, textile technologies to open in Ho Chi Minh City

According to Vietrade, VIATT 2026 aims to promote the development of Vietnam’s textile and garment industry by enhancing production technologies, strengthening sustainability, and expanding technical textile segments. The event is expected to create opportunities for international businesses to tap into the growth potential of Vietnam and ASEAN, while enabling domestic enterprises to connect more effectively with global buyers.