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The president of the Vietnam Aviation Business Association (VABA) has proposed to adjust the ceiling fare for domestic airlines to promote the industry's recovery.

Representatives from airlines and the Vietnam Aviation Business Association (VABA) shared the view that the aviation sector will quickly recover after Vietnam reopens doors and eases COVID-19 restrictions.

The aviation and tourism sectors significantly contribute to the national economy, therefore international flights should be resumed early to spur economic development.

The recent recovery signs of domestic and international air routes stir hope of the sector for a strong rebound this year following a bad year in 2021 due to the COVID-19 pandemic.

Local aviation enterprises have again asked for preferential loans to overcome difficulties caused by the pandemic.

The Government Office has instructed the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Transport and the State Bank of Vietnam to study a proposal by the Vietnam Aviation Business Association (VABA), in which the airline industry is to gain access to 25 trillion VND (over 1.1 billion USD) of zero-interest loans.

The Vietnam Aviation Business Association (VABA) on October 7 proposed centrally-run provinces and cities agree on a plan to resume regular commercial passenger flights, especially those from/to Hanoi, Da Nang and Ho Chi Minh City from October 10.

The Vietnam Aviation Business Association (VABA) has sent a document to the Governor of the State Bank of Vietnam (SBV) requesting support for domestic airlines.

Economists gathered at an online conference on August 2 to seek financial solutions for struggling Vietnamese airlines amid COVID-19 pandemic.

Vietnamese airlines are projected to post losses totalling 15 trillion VND (650 million USD) in 2021, with their revenue continuing to plunge from that of last year, according to the Vietnam Aviation Business Association (VABA).

Aviation firms appealed for Government support to overcome the difficulties caused by the COVID-19 pandemic at a seminar recently held by the Vietnam Aviation Business Association (VABA) in Hanoi.

The Vietnam Aviation Business Association (VABA) has proposed the Government lend domestic airlines a credit package of between 25-27 trillion VND (1.08-1.17 billion USD) at a preferential interest rate for a three-four year term.