For the first time in Vietnam, Airshow 2022 was organized at Van Don International Airport (Quang Ninh Province) on November 5-6 by Gulfstream and Sun Air of Sun Group.
The State Capital Management Committee at Enterprises (SCMC) has asked the state to lend VND12 trillion to Vietnam Airlines for at least three years to help it survive the pandemic.
The debts incurred by enterprises in the aviation industry, due in 2020, if not payable, will have a big impact on public debt.
Vietnam will temporarily halt the consideration of new airlines until the aviation market has recovered from the COVID-19 pandemic.
Airlines in Vietnam are looking at ways to overcome the impact of the COVID-19 outbreak after seeing declining passenger numbers.
The Ministry of Transport (MoT) has proposed the Government allow Bamboo Airways to increase its fleet instead of restricting the firm’s aircraft number to 30 like at present.
The biggest problem of the Vietnam’s aviation industry is overloading at airports, which affects service quality and flight safety.
The Vietnamese aviation market has been recording double-digit growth in the last four years, but the growth rate is slowing.
Economists are concerned that Bamboo Airways' sale of shares to foreigners could affect national security.
The underdevelopment of infrastructure is believed to be the main reason hindering the aviation industry.
Twenty two airports in Vietnam have the capacity equal to one airport in Thailand or Singapore. The overloaded infrastructure is affecting the aviation and tourism industries.
More specific mechanisms and legal frameworks should be created to attract funding to develop the local aviation sector’s infrastructure, which has yet to catch up with the sector’s overall development.
With new foreign airlines setting up air routes to Vietnam and existing airlines increasing flight frequency, the Vietnamese aviation sector is becoming extremely busy.
Runways, infrastructure and air traffic control activities cannot keep up with the pace of aviation market development.
Thien Minh Group has announced that its Kite Air will launch in the first quarter of 2020 with six aircraft and investment capital of VND5.5 trillion.
The Long Thanh International Airport project is scheduled to kick off in 2021, with the first phase of the project expected to be completed by 2025.
Vietnam's aviation market will play a key role in the aviation growth in Southeast Asia in the next 20 years, and the country’s fleet is expected to quadruple by 2038, according to an official from Boeing Commercial Airplanes.