Viet Nam

Viet Nam

Further opens air transport businesses

18 Nov 2019

On 18 November 2019, the Viet Nam government issued a decree to change air transport business requirements with a view to creating favorable conditions for new enterprises. Under Government Decree 89/2019/ND-CP, foreign-invested airlines will be subject to a foreign ownership cap of 34 percent, higher than the current 30 percent. The decree will come into effect on 1 January 2020.

Nature of measure:
  • Liberalization
Type:
  • Entry and establishment (Ownership and control)
Industry:
  • Services (Transportation and storage)
Inward FDI:
No
Outward FDI:
No
Sources: