Gov't sets qualifications for civil aviation businessesAirlines using up to 10 aircraft on international routes are required to have minimum investment capital of VND700 billion (US$31.3 million) to establish and maintain its airline service. According to a new decree issued by the government on qualifications for businesses in the civil aviation sector, VND300 billion is listed as the minimum capital to be held by businesses that only operate domestic air routes. The minimum capital to establish and maintain businesses offering aviation services is VND100 billion. Firms operating 11-30 aircraft on international routes must have at least VND1.3 trillion in registered capital. The transfer of a stake or contribution capital to foreign investors will be permitted two years after the business receives its business licence.

Source: VietNamNet News July 25, 2016 09:56 UTC