ASEAN KEY DESTINATIONS
Vietnamese aviation regs raise capital riles
Under the draft, organisations 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 ($40 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 ($50 million) in comparison with the current VND800 billion ($40 million).
If the draft is approved, the tenure of each carrier's business licence 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 fourth quarter.
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