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 Vietnamese aviation sector is expected to fully recover from the impact of the COVID-19 pandemic by the end of 2023 with an estimated 80 million passengers and 1.44 million tonnes of cargo to be transported by air this year.
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 Vietnamese aviation sector will play a major role in the growth of the regional market over the next 20 years, which is forecast to need 4,500 new planes valued at US$710 billion.
The biggest problem facing the Vietnamese aviation sector is the
infrastructure at airports, especially at the Tan Son Nhat International
Airport, heard a conference in Ha Noi this week.