return icon

Vietnamese aviation market predicted to fully recover by year-end

The Vietnamese aviation market is forecast to fully recover by the end of this year, according to a global outlook for the aviation industry released by the International Air Transport Association (IATA) recently.
Vietnamese aviation market predicted to fully recover by year-end hinh anh 1

According to the association, Vietnam saw a full recovery and recorded strong growth in the domestic aviation market last year, while its international market is expected to reach the level recorded in 2019 by the end of 2023.

This year, the aviation sector is forecast to transport about 80 million passengers and 1.44 million tonnes of cargo, representing a respective year-on-year rise of 45.4% and 15%. Compared to 2019, the increase will be 1% and 14.8%, respectively.

However, experts held that there remain great challenges for the sector, including those in aviation infrastructure, fuel prices, human resources shortage, and Russia-Ukraine conflict.

Data from the Civil Aviation Authority of Vietnam, domestic airports served 9.8 million passengers in January, up 13.8% from the previous month, including 2.3 million international arrivals, a rise of 10%. Of the total, 4.85 million passengers were transported by Vietnamese airlines.

In the month, the airports also handled 112,000 tonnes of cargo, a month-on-month increase of 11.6%.

Experts held that with positive recovery signs right from the beginning of the year, the IATA prediction is reasonable, noting that last year, the market bustled strongly, especially in summer and New Year holidays.

They attributed the growth to efforts of the Government, the Ministry of Transport and the CAAV in removing obstacles and difficulties for the sector, ensuring its stable and sustainable growth, security and safety and a fair business environment.

In its report, the IATA predicted a recovery of 80% and 95% in the number of international passengers and domestic passengers, respectively compared to 2019 before COVID-19 broke out.

The association also gave prediction on the recovery speed of different regions, with the Asia-Pacific region showing the slowest recovery. Revenue from passenger transport activities is projected to rise, and the industry will be profitable again./. VNA


A fifth of Vietnam's soil remains contaminated with unexploded ordnance

VGP – Around 5.6 million hectares of land, or nearly a fifth of land in Viet Nam remains contaminated with unexploded ordnance, Deputy Foreign Minister Do Hung Viet told a regional seminar on Wednesday.


Vietnam contributes to resolution seeking ICJ’s act related to climate change

Trade Ministry signs cooperation deal with world leading fair organiser

The Trade Promotion Agency of Vietnam signed a memorandum of understanding with Messe Frankfurk Group on cooperation in trade promotion.

Over 500 individuals implicated in vehicle registration irregularities

Charges have been filed against 506 suspects for their alleged involvement in irregularities at multiple auto registration and inspection centers in the country, the Ministry of Public Security (MPS) said at a Government press conference.

Most of Vietnam’s outbound investments flow into Singapore in Q1

Vietnamese investors have injected nearly US$120 million into their projects overseas in the year to date, a sharp drop against the year-ago period, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Millions of mobile phone numbers in Vietnam to be locked soon

After March 31, the owners of nearly two million mobile phone numbers cannot make calls or send text messages as their user data stored by telecom providers does not match the national population database.

Global minimum tax rate to impact FDI firms in Vietnam

At least 1,015 foreign direct investment (FDI) enterprises will be affected by the global minimum corporate tax when this policy comes into force early next year.


VN central bank to cut refinance rate in next quarter: UOB

Feature film shot in Vietnam to be released on Netflix

Beautiful scenes of Vietnam and its people can be seen in the first official trailer of the movie "Tourist's Guide to Love".

Vietnamese badminton stars leap up world rankings

Several of the nation’s top badminton players have made significant jumps in the world rankings, according to the latest information given by the Badminton World Federation (BWF).

Paintings by local contemporary artists exhibited in UK

An exhibition displaying artworks from leading contemporary Vietnamese artists opened on May 29 at D-Contemporary gallery in Mayfair, one of London's premier shopping and entertainment centres.

Da Nang’s boat race attracts locals, tourists

Thousands of people and tourists stood on both sides of the Han River to cheer for teams participating in Da Nang’s boat race 2023, which took place on the morning of March 29.

VN central bank calls for prioritising loans for rice industry

The State Bank of Vietnam (SBV) has instructed credit institutions in the Mekong Delta region to promote lending to rice producers and traders to help them have sufficient capital, especially in the winter-spring harvest in 2023.

Around 60,000 firms close in first quarter

Roughly 60,000 Vietnamese enterprises closed their doors in the first three months of this year, representing an on-year increase of 17.4 percent.

Green offices remain key theme in HCM City commercial real estate

A flight to quality will remain a key theme in the HCM City office market in 2023 as both foreign and domestic companies are setting ambitious net-zero targets to comply with environmental, social and corporate governance (ESG) regulations.