More than 80 state-owned and private enterprises from Vietnam and the US discussed cooperative opportunities at a recent virtual conference as both sides are making preparations for the launch of direct flights between the two countries.
Innovation and investment in infrastructure are required for Viet Nam''s aviation industry to develop, experts have told conferences at the International Aviation Expo in HCM City.
Increasing numbers of airlines and aircraft are putting serious pressure on Viet Nam’s aviation infrastructure. As competition for market share and skilled labour intensifies, the Government must take measures to ensure fair playground and long-term development.
Viet Nam’s aviation market is forecast to increase rapidly, fuelled by new growth from the participation of more private carriers and improved infrastructure.
A significant wave of private investment is flying into aviation infrastructure on the back of improvements in long-term development planning for the sector in Viet Nam.
The Airports Corporation of Viet Nam will spend about VND26.2 trillion (US$1.2 billion) on aviation infrastructure development over the next three years.
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.