Expo seeks opportunities for post-pandemic aviation growth

Việt Nam International Aviation Expo (VIEA) opened on Thursday in Hà Nội with an aim to promote cooperation opportunities for post-pandemic sustainable development of the aviation industry.
Expo seeks opportunities for post-pandemic aviation growth
A visitor experiences airport operation via virtual reality technology at the Việt Nam International Aviation Expo. — Photo baogiaothong.vn

Việt Nam International Aviation Expo (VIEA) opened on Thursday in Hà Nội with an aim to promote cooperation opportunities for post-pandemic sustainable development of the aviation industry.

The three-day expo themed “Sustainable growth for a brighter future” attracted the participation of more than 50 international and domestic enterprises, including manufacturers, training schools and airlines.

Deputy Miniter of Transport Lê Anh Tuấn said that the event marked the strong recovery of Việt Nam’s aviation industry after the COVID-19 pandemic. The expo provided opportunities to promote exchanges and cooperation as well as enhance the image and linkage of Việt Nam’s aviation industry to the world.

Deputy Director of the Civil Aviation Authority of Việt Nam Hồ Minh Tấn said that after the COVID-19 pandemic, Việt Nam’s aviation industry was considered to have the fastest recovery speed in the world with a strong increase in domestic aviation operation.

Statistics showed that the aviation market received 23.3 million passengers in the first half of this year, an increase of more than 74.2 per cent over the same period last year and equivalent to 60 per cent of the same period in 2019. The domestic passengers totalled 20.8 million, up 58.4 per cent and 12 per cent against the same period in 2021 and 2019, respectively.

Vietnamese carriers were operating 60 domestic routes. The number of passengers through airports in Việt Nam reached 40.7 million, a year-on-year increase of 56.8 per cent.

The total supply capacity of Vietnamese airlines was 6.5 million seats, ranking second in Southeast Asia after Indonesia.

The aviation industry of Việt Nam was expected to have great potential for strong growth. The International Air Transport Aviation (IATA) forecast that Việt Nam would be the fifth fastest-growing aviation market in the world, reaching 150 million passengers, by 2035.

IATA predicted that the world aviation market would recover beyond pre-pandemic levels in early 2024 with a total of 4 billion passengers. Airlines were gradually reoperating all routes and increasing the frequency to serve the increasing demand together with upgrading operations to bring safe and convenient flight experiences.

According to Tấn, 2022 was also the 25th anniversary of Việt Nam’s aviation industry in achieving a high safety index with no air accidents recorded.

The expo was expected to consolidate the image of a dynamic, safe and efficient aviation industry in Việt Nam and helped aviation businesses thrive after the pandemic and promote the development of the domestic aviation industry to regional and international levels.

Advanced aviation technology equipment and modern aircrafts models were being showcased at the expo.

The expo also provided forums for business cooperation and opportunity sharing with topics such as the development of Việt Nam’s aviation industry in the new context, strategy to develop new-generation aircraft fleet, airport infrastructure development and digital transformation in flight management. — VNS

Source: VNS
vietnamnews.vn

Related News

Vietnam"s aviation industry posts growth of nearly 42%

Vietnam"s aviation industry posts growth of nearly 42%

The domestic air passenger transport market has experienced a strong recovery, with an annual growth of 41.8% recorded in the first seven months of 2023, announced the Civil Aviation Authority of Vietnam (CAAV).
3 trade remedy tools are being used commonly by countries

3 trade remedy tools are being used commonly by countries

VCN - By the end of December 2022, Vietnam's export goods were the subject of 227 investigation cases related to trade remedies. In 2022 alone, there are 17 new cases initiated by foreign countries.
Attracting investment in aviation infrastructure: Turning the tables to take off

Attracting investment in aviation infrastructure: Turning the tables to take off

VCN - Experts say that in order to attract private capital to airports, it is necessary to "carpet" for investors, including an open policy mechanism, especially simplified, coherent and non-risky administrative. Attracting investment in the development of aviation infrastructure needs to "activate" a new phase with a faster speed, able to overcome the "headwind" to take off.
Leverage recovery time to accelerate growth

Leverage recovery time to accelerate growth

VCN - According to many experts, Vietnam's economy has not yet overcome the current difficult situation, there is still a long way to go before seeing a significant recovery.

Latest News

Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Forum seeks to increase PPP investment effectiveness

Forum seeks to increase PPP investment effectiveness

Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Linking businesses with cooperatives to increase the value chain

Linking businesses with cooperatives to increase the value chain

VCN - The issue of linking the value chain between domestic production units still has many "bottlenecks" that need to be resolved. In particular, solving the "problem" of linking businesses with cooperatives will help improve efficiency as well as meet the requirements of collective economic development.
Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

VCN – In the first quarter 2024, Vietnam-China trade reached US$43.6 billion. The country had a large trade deficit.

More News

Tra fish export to UAE jumps 67% in Q1

Tra fish export to UAE jumps 67% in Q1

Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Pepper prices continue increase trend

Pepper prices continue increase trend

Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
More efforts needed to maintain export growth to China: Insiders

More efforts needed to maintain export growth to China: Insiders

Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
It is expected that there are higher orders and revenue in the second quarter from European businesses

It is expected that there are higher orders and revenue in the second quarter from European businesses

VCN - The Business Confidence Index (BCI) according to a survey by the European Business Association in Vietnam (EuroCham) reached 52.8 in the first quarter of 2024 - the highest level since 2022, showing increasing confidence in Vietnam's European business community.
Vietnamese rice prices on the hike

Vietnamese rice prices on the hike

The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).
FDI flow into garment and textile sector bounces back

FDI flow into garment and textile sector bounces back

The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.
Investors play a key role in developing the industrial park system

Investors play a key role in developing the industrial park system

VCN - Dr. Phan Huu Thang, Chairman of the Executive Committee of the Vietnam Industrial Park Finance Association, former Director of the Foreign Investment Department (Ministry of Planning and Investment), said that basically, developing an industrial park successfully or not mainly depends on businesses, entrepreneurs - industrial park investors.
Find ways to a corporation for businesses in industrial parks

Find ways to a corporation for businesses in industrial parks

VCN - The country has nearly 300 industrial parks in operation, but with the requirement to join the global value chain, the issue of linkage and connection between businesses in industrial parks and industrial clusters needs to be concentrated on more.
Export turnover of two agricultural product groups grows three-digit

Export turnover of two agricultural product groups grows three-digit

VCN – In March, the export turnover of agricultural product groups grows three-digit compared with the previous month.
Read More

Your care

Latest Most read
Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Forum seeks to increase PPP investment effectiveness

Forum seeks to increase PPP investment effectiveness

Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Linking businesses with cooperatives to increase the value chain

Linking businesses with cooperatives to increase the value chain

VCN - According to experts, in value chain links, agricultural cooperatives both play a role in promoting links between farmer households through collective economic activities to organize production and promote vertical linkages with businesses along the
Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

VCN - According to the latest statistics of the General Department of Customs, the import-export turnover between Vietnam and China in March reached US$ 16.32 billion, including Vietnam's exports achieved US$5.15 billion, imports reached US$11.17 billion.
Tra fish export to UAE jumps 67% in Q1

Tra fish export to UAE jumps 67% in Q1

Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Mobile Version