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- Vietnam's fast-growing economy requires additional aviation capacity to meet demand. Air transport industry in Vietnam supports significant GDP and job creation. Improved air connectivity is essential for economic value creation and growth. Vietnam is projected to experience the fastest air traffic growth in Southeast Asia.
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Jan 4, 2024 · Required investment. Viet Nam is looking to spend USD 17.80 billion on the development of the nationwide aviation system from 2021 up to 2030, and USD 25.48 billion up to 2050. Private participation.
This document is prepared by PwC Vietnam Aviation team with the aim of providing information on the airport sector development and investment in Viet Nam. Its content is based on reviews of the sectoral regulatory framework in Viet Nam, market development and perspectives, PwC research and analysis. Key insights 2 Executive Summary
Oct 18, 2023 · The Vietnamese airline industry is a vital driver of economic growth and connectivity in the region. As the world emerges from the challenges posed by the global pandemic, this dynamic sector is undergoing a remarkable transformation.
- Overview
- Leading Sub-Sectors
- Opportunities
- Challenges
- Resources
Since ending COVID-19 travel restrictions, Vietnam now leads the world’s fastest-recovering domestic aviation sector and is the world’s 5th fastest-growing aviation market, expected to reach 150 million air transport passengers by 2035, according to the International Air Transport Association (IATA). During the first nine months of 2023, Vietnam’s ...
Air Fleet Development
The six main commercial airlines, Vietnam Airlines, Pacific Airlines, VietJet Air, Bamboo Airways, Vietravel Airlines, and Vietnam Air Services Company (VASCO), currently operate 225 aircraft. According to the 2021 Commercial Aviation Fleet & MRO forecast, Vietnam’s fleet will reach 521 aircraft by 2030 at a CAGR of 9.6% (compared to 3.4% of Asia Pacific). In the first nine months of 2023, Vietnamese airlines’ passenger traffic reached 44.1 million, up 20.3% compared to the same period of 202...
Airport Development
Vietnam has 22 airports, of which 10 are international and 12 are domestic. Airports Corporation of Vietnam (ACV), the largest airport operator in Vietnam with 95.4% state-owned shares, currently manages and operates a network of 21 airports throughout the country. Van Don Airport is the first private airport in the country, built and operated by Sun Group. The total designed capacity of airports in Vietnam was 91 million passengers annually, while the volume of passengers through airports in...
Air Traffic Management
Vietnam Air Traffic Management (VATM), under MOT, provides air navigation services for civil and military aircrafts operating in the Flight Information Regions (FIRs) of Vietnam (including FIR Hanoi and Ho Chi Minh) and at airports nation-wide, covering 23 domestic routes and 32 international routes. In 2021, VATM provided air navigation services for 293,426 flights, declining 30% compared to 2020 and accounting for only 30% of flight movements in pre-pandemic period. VATM’s total revenue has...
The U.S. companies are highly respected in Vietnam as the world’s leading equipment manufacturers and service providers in the aviation sector and are known for their advanced technologies, quality, and professionalism. The U.S. companies will find significant opportunities in the following areas: 1. Architectural, engineering and construction mana...
Foreign government financing assistance is a significant challenge for U.S. firms bidding on infrastructure projects funded by other government financing assistance programs like Japanese official...Many of Vietnam’s airports were former U.S. airbases; however, U.S. companies are late in returning to the market compared to EU, Japanese, and Korean competitors.Project timelines often exceed initial projections. Especially with the impact of the COVID-19 epidemic, the recovery of the overall aviation industry is unpredictable which leads to slowing the pr...Lack of transparency in tender information and tender evaluation are also challenging for new entrants.Airport Corporation of VietnamThis link will direct you to a non-government website(ACV)Aviation NewsThis link will direct you to a non-government websiteBamboo AirwaysThis link will direct you to a non-government websiteAug 11, 2020 · While the aviation industry is struggling, the huge investment in aviation infrastructure and the potential growth of MRO services are the bright spots for Vietnam’s aviation future. Aviation Infrastructure. Vietnam has 22 airports, of which 11 are international and 11 are domestic.
Apr 22, 2022 · As a developing country, aviation development has been playing a critical role in promoting Vietnam's integration into the global, supporting its economic growth. The growth rate of Vietnam's aviation industry (AAGR) is the highest in the Asia - Pacific region with an average increase of 14% from 2018 to2023, compared to 5.5% of the whole
Jul 17, 2024 · The aviation sector is an integral part of Vietnam's transportation industry and is among the fastest-growing ones in the world. This growth has come from the rising tourism sector,...
