Vietnam ranked among top 10 fastest-growing aviation markets in Asia-Pacific
The number of passengers traveling by air to, from, and within the country is projected to double within the next decade, reaching more than 75 million annually.
Vietnam's aviation industry is experiencing impressive growth, named among the top 10 fastest-growing markets in the Asia-Pacific region, the Government News quoted Boeing’s latest Commercial Market Outlook (CMO) as reporting.
Vietnam is among the countries with the highest air transport growth rates in the region. The number of passengers traveling to, from, and within the country is projected to double within the next decade, reaching more than 75 million travelers annually.
The average annual growth rate of Vietnam's aviation sector is estimated at around 8.1 per cent, a notable figure, especially given the global market's ongoing volatility.
The domestic market is expected to grow faster than the international one, reflecting the expansion of the flight network and the increasing demand for air travel within the country.
In just the first half of this year, the Vietnam Air Traffic Management Corporation (VATM) safely managed over 460,000 flights, an increase of nearly 9 per cent compared to the same period last year. This figure highlights the growing demand for air traffic management while also placing significant pressure on airspace infrastructure.
The robust growth of Vietnam's aviation market is seen as a golden opportunity for businesses in air traffic control and aviation technical services.
The country's aviation infrastructure is also evolving to meet rising demand. The opening of Terminal 3 at Tan Son Nhat International Airport in Ho Chi Minh City and the anticipated launch of Long Thanh International Airport in Dong Nai Province by 2026 will unlock new opportunities for growth.