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Update news Vietnam aviation market
Vietnam's aviation market is hoped to recover in 2023-24, according to a Vietnam Airlines' representative.
The year 2020 will mark 65 years of Vietnam`s civil aviation industry which has developed rapidly in the past decade with 10 airports capable of serving international flights and 12 domestic airports.
The private conglomerate Vingroup will work with the CAE Oxford Aviation Academy to establish its VinAviation School and Vinpearl Air Training Centre in Vietnam, with enrollment expected to open this August.
Vietnam Airlines has spearheaded the country’s aviation market - one of the fastest-growing markets in the world - throughout 20 years of development, at a double-digit annual growth rate.
The aviation transport market is approaching saturation and showing signs of slowing down after years of high growth, according to the January-May business report of the Airports Corporation of Vietnam (ACV).
VietNamNet Bridge - The warming of the domestic economy combined with the fall in fuel prices have brought about record-high revenue and profits for most Vietnamese air carriers in 2015.