However, the rapid growth also brings about some problems including inadequacies in infrastructure, management, and administration capabilities.

![]() A Bamboo aircraft
|
However, the “bipolar” situation may change with the advent of newcomer Bamboo Airways as the local aviation market is projected to grow 5% annually until 2030.
It is expected that over 117 million passengers will be carried in Vietnam by 2023 including around 85 million passengers flown by local carriers, which in turn require the domestic airlines to increase their fleets to 340 aircraft in total.
According to International Air Transport Association, Vietnam is one of the fastest growing aviation markets globally in the past decade with the average revenue growth of 17.4%, double the rate of 7.9% in Asia.
However, the rapid growth also brings about some problems including inadequacies in infrastructure, management, and administration capabilities.
In particular, human resources is the bottleneck of domestic airlines when the training is poor and does not keep pace with the existing development, leading to insufficient manpower, including pilots and other technical forces that embrace flight supervisors, air traffic managers, and aircraft engineers.
Additionally, the rate of delayed and cancelled flights has been reduced however could be increased in the upcoming time unless the state management agencies propose some proper solutions.
When it comes to the general issue of aviation security and safety, Prime Minister Nguyen Xuan Phuc assessed the country’s aviation industry has prospered recently with the debut of new airlines, responding to the requirement of traveling. However, there are still some problems that need to be solved including unfair competition between the airlines.
The PM also requested the carriers operate in accordance with the approved plans, the airport bases must run without congestion or overload.
Other News
- Huge potential for cooperation between Vietnam and EU
- PVN plans to build US$19-billion oil refinery-storage complex
- Construction of the No.4 ring road to kick off in mid-2023
- Hanoi boosts socio-economic growth, but remains vigilant against Covid-19
- Hanoi focuses on supporting business recovery: Mayor
- Hanoi promotes industrial infrastructure development for sustainable growth
- Plastics discouraged on Co To island
- Economic recovery drives hiring in H2/2022
- Vietnam brings Hung Yen longan to international markets
- ASEAN Online Sale Day 2022 kicks off
Trending
-
11 Vietnamese scientists named for world research
-
PVN plans to build US$19-billion oil refinery-storage complex
-
“Produce more from less”: Danish agricultural philosophy for Vietnam
-
Over US$34 billion set to pour into Vietnam’s real estate market this year
-
Cultural industry to contribute 5% of Hanoi’s GRDP by 2025
-
Vietnam is stunning in South Korean artist’s MV
-
Hanoi focuses on supporting business recovery: Mayor
-
Construction of Hanoi’s Ring-road No.4 set to begin next June
-
Dolphin shows fascinate audiences in Hanoi