VN - A driver of aviation growth in Southeast Asia: Boeing
15:34 | 04/02/2020

VGP – Viet Nam has been mentioned as a driver of aviation growth in Southeast Asia in a recent report released by the Boeing Company.

The growth of Viet Nam’s domestic aviation market is extremely impressive, and most of the routes in this market are being exploited by single-aisle aircraft

“The first factor to accelerate the demand of the aviation industry is always the economic development, and it is predicted that Viet Nam will rank first in the Southeast Asian region concerning economic growth in the future,” Boeing said.

Viet Nam’s aviation sector reports impressive growth

Vice President of commercial marketing at the Boeing Company Darren Hulst said that ten years ago, there were only 31 domestic direct routes in Viet Nam, but now the figure has nearly doubled. In addition, the number of domestic flights has increased 3.5 times over the past decade.

“The growth of Viet Nam’s domestic aviation market is extremely impressive, and most of the routes in this market are being exploited by single-aisle aircraft,” he stated.

“The growth of the global aviation industry plays a part in the growth of Viet Nam’s international aviation market. Within only a year, nearly 50 international routes were launched to and from the country. It is estimated that by the end of this year, the figure will increase by 200. The international aviation market in Viet Nam is growing at a rate of 15% annually,” according to the official.

International flights may be short-distance, mid-distance or long-distance or long-range, but the visible potential in the Vietnamese market is the operation of long-distance international flights. The ten longest flight routes to and from Viet Nam are being operated by wide-body aircraft. 

Tourism plays a crucial role

Director of the Civil Aviation Authority of Viet Nam Dinh Viet Thang also affirmed that in the past growth process, the aviation market has completely been put under the control of state management, creating a healthy and competitive market and bringing many benefits to passengers in terms of travel opportunities, fares and quality of service.

Proudly, Viet Nam’s aviation sector has officially entered the 24th year of ensuring absolute safety, which is an important point that very few aviation industries around the world have achieved.

Viet Nam’s aviation sector currently features the participation of five airlines (Viet Nam Airlines, Vietjet Air, Bamboo Airways, Jetta Pacific and Vasco), contributing to building a highly competitive aviation market. It is forecast that in 2020, the Vietnamese aviation market will serve 86.8 million passengers, up 10.8% compared to 2019, while transporting approximately 1.4 million tons of cargo, surging by 11% from the previous year.

The Prime Minister approved an air transport development plan until 2020, with orientation to 2030, setting an important task of building the civil aviation industry into an important economic sector of the country, contributing to promoting national socio-economic development, industrialization and modernization.

Under the plan, air transport must be a safe, popular and convenient means of transportation that actively contributes to cause of national industrialization, modernization and development. It also targets to develop Viet Nam’s aviation industry on par with the advanced aviation industries of countries in the region and the world by 2030.

Throughout more than 30 years of Viet Nam’s renewal, the aviation industry has been one of the leading industries representing the transportation sector and the country to integrate strongly and attain many outstanding achievements.

The aviation industry has contributed significantly to boosting national socio-economic development, expanding international trade, attracting foreign investment, and making Viet Nam an attractive tourist destination among international friends.

By Vien Nhu

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