Air transport enterprises must have a minimum capital of 300 billion VND.

Decree 92/2016/ND-CP stipulates that air transport enterprises must have a minimum capital of 300 billion VND if they transport domestically.

According to Decree 92/2016/ND-CP on conditional business lines in the civil aviation sector, air transport enterprises must have a minimum capital of 300 billion VND for domestic transport, and a minimum of 700 billion VND for international transport.

Enterprises must maintain a minimum number of aircraft throughout the air transport business: 3 aircraft for air transport business; 1 aircraft for general aviation business; the number of leased aircraft with crew by the end of the second year of operation must not exceed 30% of the fleet.

And the legal representative of an air transport business enterprise must be a Vietnamese citizen.

This Decree also stipulates that the age of used aircraft imported into Vietnam for passenger aircraft must not exceed 10 years from the date of manufacture to the date of import into Vietnam under a purchase or hire-purchase contract; not exceed 20 years from the date of manufacture to the date of termination of the lease contract. Particularly for helicopters, it must not exceed 25 years from the date of manufacture to the date of termination of the lease contract.

For aircraft transporting goods, mail, parcels, and general aviation business, no more than 15 years from the date of manufacture to the date of import into Vietnam under a purchase or hire-purchase contract; no more than 25 years from the date of manufacture to the date of termination of the lease contract./.

According to VOV