Vietnam’s domestic aviation market is recovering at the fastest pace in the world with a growth rate of 123 percent compared to the same period of 2019, before the COVID-19 pandemic broke out.
Passengers wait to handle boarding procedures at an airport of Vietnam. (Photo: VNA)
Hanoi (VNA) –Vietnam’s domestic aviation market is recovering at the fastest pace in theworld with a growth rate of 123 percent compared to the same period of 2019,before the COVID-19 pandemic broke out.
This was revealed in ananalysis by Airbus and the International Air Transport Association (IATA) usingstatistics about the flight numbers from Flightdatar24 and Airbus.
Dinh Viet Thang, Director ofthe Civil Aviation Authority of Vietnam (CAAV), said domestic flights have enjoyedbreakthroughs in terms of both passenger and cargo traffic in the first half of2022.
In particular, airports acrossVietnam served 40.7 million passengers, up 56.8 percent from the same periodlast year. That included 1.8 million foreign passengers and 38.9 million Vietnamese, respectively rising 904.6 percent and 52.6 percent.
Meanwhile, Vietnameseairlines carried 20.1 million passengers, including 667,000 foreign and19.5 million domestic ones. The figures soared by 56.1 percent, 1,033 percent,and 51.8 percent, respectively.
The CAAV forecast airportsnationwide will serve about 87.8 million passengers this year, jumping 190percent from 2021. The numbers of foreign and domestic passengers areexpected at some 5 million and 82.8 million, up 844 percent and 178.4 percent,respectively.
The cargo throughput stood atabout 765,000 tonnes in the six months, up 30.6 percent. It is predicted to grow5 percent from last year to 1.5 million tonnes in 2022.
Thang expressed his hope thatwith such growth, the entire aviation market of Vietnam will soon return topre-pandemic levels./.
As the aviation and tourism industries have bounced back strongly, the Vietjet Aviation Joint Stock Company kicked off 2022 with great performance, posting a year-on-year surge of 113 percent in pre-tax profit in the first quarter.
Vietnam’s aviation industry needs to improve to keep up with the global market as flights resume following the pandemic, Deputy Minister of Transport Le Anh Tuan said on May 24.
As many as 40.7 million passengers, including 1.8 million foreigners, have gone through airports across the country so far this year, representing year-on-year rises of 56.8 percent and 904.6 percent, respectively, according to the Civil Aviation Authority of Vietnam (CAAV).
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Passengers wait to handle boarding procedures at an airport of Vietnam. (Photo: VNA) 
