10:32 (GMT +7) - Wednesday 11/12/2019

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Aviation continues to boom

Released at: 18:09, 12/04/2019

Aviation continues to boom

Photo: Ngoc Lan

Vietnam's aviation sector seeing continued strong growth, workshop hears.

by Ngoc Lan

Vietnam’s aviation industry has seen growth in the double digits over the last five years, the “Solutions to promoting the sustainable development of Vietnam’s aviation industry” workshop held in Quy Nhon city in south-central Binh Dinh province on April 11 heard.

Networks have expanded rapidly among domestic carriers Vietnam Airlines, Vietjet Air, Jetstar, Bamboo Airways, and Vasco. Seventy-one foreign airlines and four domestic airlines connect Vietnam with 28 countries and territories.

Mr. Pham Van Hao, Deputy Director of the Civil Aviation Authority of Vietnam (CAAV), told the workshop that Vietnam’s aviation industry is experiencing impressive growth. “In the past there was only Vietnam Airlines, but now many private carriers have appeared,” he added. “This indicates a clear change in both quality and quantity. International organizations also rate Vietnam’s aviation sector as one of the fastest-growing in the world and with huge potential.”

Senior Economist Dr. Vo Tri Thanh pointed out that Vietnam is becoming a hub for connecting with the world from its efforts at integration, which promotes growth in the aviation industry.

According to Mr. Dang Tat Thang, Vice Chairman of Bamboo Airways, the participation of the private sector in aviation has given many people the opportunity to fly, and competition between Vietnamese airlines will provide major benefits to passengers. “Competition in the aviation market is not only between airlines but also between the State sector and the private sector,” he added. “The State has played a role in guiding direction and policy, creating an equal environment between State and private.”

Given the participation of private investors in aviation infrastructure, Mr. Lai Xuan Thanh, Chairman of the Board at Airports Corporation of Vietnam (ACV), said transport infrastructure should be strictly managed under State plans and development strategies. “The State has a policy of mobilizing social resources into aviation infrastructure and socialization must ensure harmony of interests between investors and society,” he noted.

The Prime Minister has planned aviation infrastructure. By 2020, total annual capacity will stand at 104 million passengers and 308 million passengers by 2030.

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