return icon Vietnamnet.vn

With 200 aircraft for 90 million people, Vietnam’s aviation industry remains modest

Investors have noted that the number of aircraft in Vietnam is low compared with regional countries.

‘Overly hot development’ is the phrase used by many analysts when commenting about the development of the aviation market in Vietnam in recent years. The analysts cite the number of new air carriers joining the market and the big orders of aircraft that airlines have signed with aircraft manufacturers recently.

 

{keywords}



However, Dinh Viet Thang, head of the Civil Aviation Authority of Vietnam (CAAV), thinks the word ‘hot’ should be used only when the development has gone beyond control. In the case of Vietnam, the word ‘rapid development’ is more suitable.

In 2008-2019, Vietnam witnessed the 17.1 percent growth rate in number of passengers and 13.8 percent in cargo transportation. As such, the transport output in Vietnam increased by 4.86 times in passengers and 3.66 times in cargo.

Regarding the transport of Vietnam’s airlines, the number of passengers increased by 5.2 times compared with 2008 and the volume of cargo by 3.2 times. The fleet increased by 3.5 times. As for air route network, the number of domestic routes increased by 2.4 times and international routes 2.44.

In 2008-2019, Vietnam witnessed the 17.1 percent growth rate in number of passengers and 13.8 percent in cargo transportation. As such, the transport output in Vietnam increased by 4.86 times in passengers and 3.66 times in cargo.

Dinh Viet Phuong, deputy CEO of Vietjet Air, Duong Tri Thanh, CEO of Vietnam Airlines, and Lai Xuan Thanh, president of the Airports Corporation of Vietnam (ACV) all agreed that though the market has developed rapidly, there is still room for other investors.


According to Phuong, Vietnam has nearly 100 million people and nearly 200 airplanes, which means that there are two airplanes for 1 million people. The figure is modest compared to that of Malaysia and Thailand.

“Is the capability of airports high enough? Does Vietnam have enough airplanes? The answer is ‘no’,” Phuong said.

“We need new airplanes and new air carriers to satisfy demand. It is quite normal,” he said.

However, the current infrastructure situation is problematic. Vietjet, for example, receives requests to increase transport capacity from localities.

Phuong said that the Ministry of Transport and CAAV, as state management agencies, have to take responsibility for this.

Nawal Taneja, an international aviation expert, also said it is not a problem that Vietnam’s aviation industry is witnessing a high growth rate.

He affirmed that high growth is good for the economy and for people, and Vietnam needs to continue growing.

“Vietnam has been developing rapidly in the last three years,” he said, adding that it is good to provide nonstop flights to the US.

Kim Chi 

 

Vietnam Airlines deploys self-service kiosks to speed up check-in services

Vietnam Airlines deploys self-service kiosks to speed up check-in services

The national flag carrier Vietnam Airlines announced on January 14 that all passengers flying with the airline will be able to carry out self-service check-in service at kiosks when departing from Hanoi, Da Nang, Nha Trang, and HCM City.

Agency hesitates about whether to license small airlines

Agency hesitates about whether to license small airlines

More airlines have joined or are going to join the market, though infrastructure has not been upgraded and airports are seriously lacking slots for aircraft.

MORE NEWS

Discovering craft villages in Buddhist centre in Quang Ninh

Coming to Yen Tu relic site in Quang Ninh province – Vietnam’s major Buddhist centre, tourists can also experience traditional crafts such as making hats, bamboo handicrafts, and wood carvings.

Ministry drafts mechanism to adjust average retail power price

The Ministry of Industry and Trade (MoIT) is drafting a Prime Minister's Decision on the mechanism for adjusting the average retail electricity price.

Foreign investment disbursement hits record high in nine months

Disbursement of foreign direct investment (FDI) in the first nine months of this year reached 15.4 billion USD, up 16.2 % year-on-year and marking a record high, a report from the Foreign Investment Department (FIA) has shown.

Foreign Minister Bui Thanh Son pays visit to Germany

Minister of Foreign Affairs Bui Thanh Son paid an official visit to Germany from September 26-27 at the invitation of his German counterpart Annalena Baerbock.

2,500 children suffer from cancer in Vietnam every year

The Cancer Centre under the National Paediatrics Hospital, revealed the information in the programme "Con thuyền mơ ước" (Ship of Dreams) to improve people's awareness of children's cancer on Sunday in Hanoi.

New Vietnam-Japan cooperation era: Japanese Vice Minister of Defense

“Let's make 2023 the year that marks the beginning of a new era for both Japan and Vietnam," said Japanese Vice Minister of Defense Yasuhide Nakayama in a talk with VietNamNet.

Challenges ahead for Vietnam this year

“Pressure”, “increased difficulties” and “high risks and challenges”: these are the words used by the Minister of Planning and Investment to describe how hard it will be to fulfill Vietnam’s growth goals this year.

Some industries lack orders, others cannot take more

While woodwork companies are lacking new export orders amid high inflation in the US and Europe, food-processing companies are not receiving new orders because of rising input material prices.

Wholesale and retail sectors lead in new foreign investment approvals

The wholesale and retail industries took the lead in new foreign-invested projects in the January-September period, according to the Ministry of Planning and Investment.

Vietnam cracks down on IUU fishing ahead of EC inspectors’ visit

Deputy Prime Minister Le Van Thanh has ordered strengthening inspections to ward off illegal, unreported and unregulated (IUU) fishing as European Commission (EC) inspectors are coming to Vietnam in October.

Phuoc Thinh to represent Vietnam at Mister Tourism World 2022

Vietnamese model Phung Phuoc Thinh is set to compete for a title at Mister Tourism World 2022 due to take place in the Philippines this December.

Vietnam, Kazakhstan to open direct flights in October 2022

The Civil Aviation Committee of Kazakhstan has officially licensed Vietjet Air to launch direct flights between Vietnam and Kazakhstan.

Vietnam among seven economic wonders of worried world: Financial Times

A writing published by the London-based Financial Times on September 26 described Vietnam as one of the seven economic wonders of a worried world.

UNICEF vows to support Vietnam in response to Typhoon Noru

UNICEF Vietnam expressed its concern over children and families in the country vulnerable to Typhoon Noru, saying it stands ready to support the Government of Vietnam in responding to the most powerful storm to hit Vietnam in 20 years.

President Nguyen Xuan Phuc attends state funeral of late Japanese Prime Minister

Politburo member and President Nguyen Xuan Phuc led the Vietnamese delegation to attend the state funeral of late Japanese Prime Minister Abe Shinzo in Tokyo on September 27.
back_to_top