A recent inspection by the Civil Aviation Authority of Vietnam (CAAV) into airline ticket sales, pricing, and disclosures has found no violations of government regulations. However, the review highlighted inconsistencies in how airlines present fare information to consumers and a lack of awareness regarding promotional offers.
Vietnam's aviation authorities insist domestic airfares remain within regulated boundaries, even as airline profits soar and travelers grapple with escalating costs. However, this delicate equilibrium between profitability and affordability may be approaching its breaking point, jeopardizing the nation's aspirations to bolster domestic tourism.
After consulting with businesses and analysts on a draft report on the implementation of the Vietnam Civil Aviation Law, the Vietnam Chamber of Commerce and Industry (VCCI) has made a series of comments. Analysts believe there are still many inadequate regulations on civil aviation when the State intervenes in production and business plans or restricts aircraft procurement activities, hindering the development of the sector. To solve the problems, the VCCI made two important suggestions relating to utilizing the resources of enterprises and aircraft parking issues.
Revenue and profit growth in the last quarter of 2021 have been financing the aviation sector in the beginning of 2022 as questions linger over growth prospects.