As the Lunar New Year (Tết) holiday is approaching, the Vietnamese aviation market has experienced intense pressure with airfares soaring and seat availability becoming increasingly scarce.
The domestic market is predicted to experience growth compared to the same period in 2019, while the international one is gradually recovering, reaching approximately 74 per cent of the levels prior to the COVID-19 pandemic, he said.
The Vietnamese aviation market is forecast to begin recovering by the middle of the third quarter with this year’s total estimated capacity of over 70 million passengers.
The latest figures published by the Civil Aviation Authority of Viet Nam revealed that the Vietnamese aviation market saw noticeable changes in 2019, driven by the participation of private carriers.
Transport ministers of the Association of Southeast Asian Nations (ASEAN) on Friday adopted two protocols to integrate the air transport in the region, moving towards the ambitious goal of a single aviation market.
Soon after the US announced a 0.25 per cent cut in the benchmark interest rate on July 31 seven Vietnamese banks, including State-owned lenders, announced a cut in interest rates on dong loans of at least 0.5 per cent to...
Viet Nam is evaluated as one of the fast-growing aviation markets with growth rates always in double digits. The domestic market, including five airlines of Vietnam Airlines, Jetstar Pacific, Vietjet Air, Bamboo Airways and Vasco, has witnessed the latest name...
Viet Nam’s aviation market is forecast to increase rapidly, fuelled by new growth from the participation of more private carriers and improved infrastructure.
Brian Davis, vice president of US company Honeywell Aerospace in charge of airlines in the Asia Pacific, spoke with Viet Nam News correspondent Nguyen Ngoc Duy about this and more during a business trip to Ha Noi on December 7.
Viet Nam is creating a framework to stimulate private investments in
the aviation industry, as public-private partnerships for development of
this sector has become a trend in the region.