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    Foreign investors hold 49% shares of Viet Airlines

    This is the content of the Draft Decree amending and supplementing some articles of Decree No. 92/2016 / ND-CP, from 30% to 49% ownership

    According to the draft, instead of 30% as before, foreign investors hold 49% of charter capital of Vietnam Airlines.

    At the same time, the draft also proposed not to distinguish the minimum level of capital required to establish international and domestic operators.

    Nha dau tu ngoai duoc nam toi 49% co phan cua hang hang khong Viet hinh anh 1

    According to the new draft, foreign investors may hold 49% of the shares of the domestic airline. Photo: Hoang Ha.
    With a foreign-invested airline, there must be at least one Vietnamese individual or one Vietnamese legal entity holding the largest charter capital.

    In cases where the foreign-invested Vietnamese legal person holds the largest charter capital, the foreign capital contribution shall not exceed 49% of the legal capital of the legal person.

    With regard to the minimum level of capital required to establish and maintain an air transport business, the draft law stipulates that airlines operate up to 10 units with a capital of VND700 billion.

    At present, the regulation of mining companies to 10 international transport operators with minimum capital of 700 billion, but the company only exploited inland transport needs at least 300 billion.

    According to the current regulations, airlines operating from 11 to 30 aircraft operating international transportation must have capital of at least 1,000 billion, only exploited domestic transportation with a minimum capital of 600 billion.

    However, the new Draft stipulates that airlines operating from 11 to 30 aircraft need VND 1,000 billion minimum capital, while airlines operating over 30 aircraft must have capital of at least VND 1,300 billion.

    Currently, it is required to exploit 30 international airplanes with minimum capital of VND 1,300 billion and exploit inland transportation only VND 700 billion.

    The draft decree amending and supplementing some articles of Decree No. 92/2016 / ND-CP stipulates the conditions for business investment in the conditional business lines of the civil aviation sector. Transportation - Transportation is under construction for approval.

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