Aviation Regulations in Vietnam
A draft decree on aviation regulations is currently being considered by the Civil Aviation Administration of Viet Nam (CAAV).
Under the draft, organizations and individuals with a fleet of up to 10 aircraft would be required to have a minimum of VND300 billion (US$ 15 million) in charter capital to operate domestic flights and VND800 billion ($ 38.8 million) to operate international flights.
The draft to amend Government Decree 76 on aviation regulations would require companies planning to operate more than 10 aircraft to have a minimum charter capital of VND1 trillion ($ 48.5 million) in comparison with the current VND800 billion.
If the draft is approved, the tenure of each carrier’s business license would be cut from 24 months to 18 months.
A number of stringent new regulations have been included in the draft which is expected to be submitted to the Government for approval by the last quarter.
The draft additionally suggests that carriers obtain Aircraft Operator Certificates within 12 months of receiving business licenses, instead of within the existing 24 months.
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