Investors have noted that the number of aircraft in Vietnam is low compared with regional countries.
‘Overly hot development’ is the phrase used by many analysts when commenting about the development of the aviation market in Vietnam in recent years. The analysts cite the number of new air carriers joining the market and the big orders of aircraft that airlines have signed with aircraft manufacturers recently.
|In 2008-2019, Vietnam witnessed the 17.1 percent growth rate in number of passengers and 13.8 percent in cargo transportation. As such, the transport output in Vietnam increased by 4.86 times in passengers and 3.66 times in cargo.|
Dinh Viet Phuong, deputy CEO of Vietjet Air, Duong Tri Thanh, CEO of Vietnam Airlines, and Lai Xuan Thanh, president of the Airports Corporation of Vietnam (ACV) all agreed that though the market has developed rapidly, there is still room for other investors.
The national flag carrier Vietnam Airlines announced on January 14 that all passengers flying with the airline will be able to carry out self-service check-in service at kiosks when departing from Hanoi, Da Nang, Nha Trang, and HCM City.
More airlines have joined or are going to join the market, though infrastructure has not been upgraded and airports are seriously lacking slots for aircraft.
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