Vietnam's air cargo market to remain in the fast lane

The Vietnamese air freight market has seen remarkable growth in recent years and the momentum is expected to continue, according to the 4th International Conference and Exhibition on Air Freight Logistics Vietnam.

Vietnam's air cargo market to remain in the fast lane

Tran Thanh Hai, deputy director of the Ministry of Industry and Trade’s import-export department, said along with the country’s economy, the aviation industry, especially logistics, too has made great progress.

According to the official, Vietnam's air cargo transport currently accounts for a very small volume of exports but 25 percent of value due to the specialised transportation of high-value items such as electronics, certain kinds of seafood and garment and textiles.

Nguyen Cong Bang, deputy director of the Ministry of Transport’s transport department, said according to the International Air Transport Association, Vietnam is the world’s seventh fastest growing aviation market.

“In the vision to 2035, Vietnam's aviation market is considered among the top five markets in terms of growth. The rapid development of the aviation market has strongly boosted the development of tourism and trade and attracted more investment in the country in recent years,” Bang said.

According to him, the market has great potential for development, and offers many opportunities for local and international firms in it.

Meanwhile, Hai spoke about the challenges the air cargo industry faces.

 

No domestic airliner has aircraft designed to carry goods in bulk. So Vietnamese exporters have to mainly rely on foreign firms for air cargo transport, he said, adding that only Noi Bai and Tan Son Nhat out of more than 40 airports in the country have separate areas for cargo handling.

But despite these challenges, the air transport market has a lot of potential, and both the Government and businesses need to have clear development strategies, according to Hai.

Other delegates said to prepare for the new age of logistics, companies needed IT solutions to cut out redundant processes, be cost-efficient, and anticipate future standards.

Airports must have good technology and infrastructure systems in place to meet air transport demand and take over competitors, they said.

Organised by the Vietnam Logistics Business Association and the Civil Aviation Administration of Vietnam, the event brought together businessmen, key industry leaders and experts from over 350 companies and more than 35 airlines and airports in 30 countries and territories.

The biennial event also featured an exhibition with 50 booths set up by local and foreign logistics services providers./.

Competition in Vietnam's airline industry set to intensify

Competition in Vietnam's airline industry set to intensify

Increasing numbers of airlines and aircraft are putting serious pressure on Viet Nam’s aviation infrastructure.

Da Nang looks for more air routes in 2020

Da Nang looks for more air routes in 2020

The central city will connect with more countries around the world as new flights are launched to more destinations from Da Nang.

 
 

Other News

.
Retail industry to face being "swallowed" once EVFTA comes into force
Retail industry to face being "swallowed" once EVFTA comes into force
BUSINESSicon  02/07/2020 

With the implementation of the EU-Vietnam Free Trade Agreement looming, besides providing opportunities, the Vietnamese retail market is anticipated to face numerous challenges, 

Vietnam sees greater budget transparency
Vietnam sees greater budget transparency
BUSINESSicon  01/07/2020 

Vietnam’s Open Budget Index (OBI) increased rapidly in 2019 compared to 2018, according to a survey released on July 1.

Vietnam to create “Miracle on the Red River” with implementation of Doi Moi 4.0
Vietnam to create “Miracle on the Red River” with implementation of Doi Moi 4.0
BUSINESSicon  01/07/2020 

The Vietnamese Government has made bold and reasonable decisions to fight against the COVID-19 pandemic and be proactive with comprehensive initiatives for economic recovery.

Administrative reforms would help unlock EVFTA's potential: EuroCham
Administrative reforms would help unlock EVFTA's potential: EuroCham
BUSINESSicon  01/07/2020 

 Administrative procedure reform is the key to unlocking the full potential of the Europe-Viet Nam Free Trade Agreement (EVFTA), said participants at a conference on Tuesday.

Nation’s economic forecast leads way
Nation’s economic forecast leads way
BUSINESSicon  01/07/2020 

With its success in fighting COVID-19, Vietnam has continued to be the best performer in Southeast Asia, laying a firm foundation for the country to attract more investment and spur on production.

HCM City seeks faster switch to cashless payment
HCM City seeks faster switch to cashless payment
BUSINESSicon  01/07/2020 

Nguyen Anh Duc, general director of Saigon Co.op, said the rate of cashless payment at its system, including Co.opmart, Co.opXtra, Co.op Food, and Co.op Smile, has increased sharply since last year from 3-5 percent to nearly 21 percent now.

A promising future for Vietnam after COVID-19
A promising future for Vietnam after COVID-19
BUSINESSicon  01/07/2020 

With an increasingly open business environment, and continuing international integration, Vietnam has long been regarded as a promising destination for foreign investment.

Mid-term rural, agricultural survey to begin on July 1
Mid-term rural, agricultural survey to begin on July 1
BUSINESSicon  01/07/2020 

A mid-term survey on rural areas and agriculture will be carried out in Vietnam’s 63 cities and provinces from July 1, the General Statistics Office (GSO) has announced.

Da Nang sees minus economic growth for first time in over 20 years
Da Nang sees minus economic growth for first time in over 20 years
BUSINESSicon  01/07/2020 

The central city of Da Nang saw its GRDP for the first half of the year contract by 3.61 percent from the same period in 2019, the first time since the city became a centrally-run locality in 1997.

Old barriers prevent Covid-19-hit businesses from accessing preferential loans
Old barriers prevent Covid-19-hit businesses from accessing preferential loans
BUSINESSicon  01/07/2020 

Small enterprises complain they cannot access the preferential lending program, while banks say hundreds of trillions of dong are ready for disbursement.

Bad debts return, bank profits fall
Bad debts return, bank profits fall
BUSINESSicon  02/07/2020 

Along with implementing better provisions against credit risks, commercial banks are stepping up the sale of mortgaged assets to collect debts.

Vietnam Railways estimates a $60 million loss due to pandemic
Vietnam Railways estimates a $60 million loss due to pandemic
BUSINESSicon  30/06/2020 

Vietnam Railway Corporation (VNR) estimates a loss of nearly VND1.4 trillion (US$60 million) after tax in 2020, a massive blow to the company due to impacts of the COVID-19 pandemic.

Construction materials industry faces challenges
Construction materials industry faces challenges
BUSINESSicon  01/07/2020 

Thai Duy Sam, vice chairman of Vietnam Building Material Association, speaks  about challenges and shortcomings in production technology and environmental protection for the construction materials industry.

VN records positive growth amid gloomy global forecasts
VN records positive growth amid gloomy global forecasts
BUSINESSicon  30/06/2020 

Vietnam’s gross domestic product (GDP) expanded 1.81 per cent year-on-year during the first half of this year, the lowest six-month growth pace since 2011, according to the General Statistics Office (GSO).

Patents in Vietnam increase 56 percent
Patents in Vietnam increase 56 percent
BUSINESSicon  30/06/2020 

The number of patents has increased by 56.7 per cent in the first five months of this year compared to the same period last year.

EVFTA a big opportunity for firms after COVID-19 shock: ministry
EVFTA a big opportunity for firms after COVID-19 shock: ministry
BUSINESSicon  30/06/2020 

The European Union Free Trade Agreement (EVFTA) will create significant opportunities for Vietnamese firms to recover and develop after the COVID-19 pandemic, 

Kweichow Moutai: 'Elite' alcohol brand is China's most valuable firm
Kweichow Moutai: 'Elite' alcohol brand is China's most valuable firm
BUSINESSicon  30/06/2020 

Kweichow Moutai's share price rockets thanks to its popular and sought-after baijiu drink.

Exporters advised to shift focus to ASEAN markets in face of COVID-19
Exporters advised to shift focus to ASEAN markets in face of COVID-19
BUSINESSicon  30/06/2020 

Experts have urged Vietnamese exporters to shift their attention to neighbouring ASEAN markets given that COVID-19 continues to wreak havoc on major markets such as the EU and the US, a recent conference heard.

Cambodia yet to issue documents banning import of Vietnamese fruits, vegetables: ministry
Cambodia yet to issue documents banning import of Vietnamese fruits, vegetables: ministry
BUSINESSicon  30/06/2020 

The Cambodian government and management agencies have yet to issue any official documents banning the import of Vietnamese vegetables and fruits, according to the Asia-Africa Market Department under the Ministry of Industry and Trade.

Vietnam Airlines postpones shareholders’ meeting until July 16
Vietnam Airlines postpones shareholders’ meeting until July 16
BUSINESSicon  30/06/2020 

Vietnam Airlines Group will postpone its shareholders’ meeting until July 16, according to a decision signed by Chairman of Vietnam Airlines Executive Board Pham Ngoc Minh.

 
 
 
Leave your comment on an article

OR QUICK LOGIN