Aviation Industry

Vietnam is still one of the key markets for the global aerospace company’s business.

Vietnam’s aviation industry could recover from the mid-third quarter with the number of air passengers reaching an estimated 70 million in 2021.

The association urged the government to gradually open borders for the resumption of international flights to markets that have put the pandemic under control, including the Europe, Australia, India, China, South Korea and Japan.

With supporting policies from the government and the adoption of a more resilient operation strategy, the airline expects to start generating profit since 2023 and fully recover its accumulated losses by 2025.

The efficiency of Covid-19 vaccine will be a decisive factor for Vietnam to ease current travel restriction and resume international flights.

In 2020, Vietnam Airlines operated 96,500 flights, down 48% year-on-year amid the Covid-19 crisis.

The aviation industry has experienced a sharp decrease in passenger volume this year.

It would be unfair for others if only Vietnam Airlines can receive the state support, while others still struggling for survival.

Local aviation companies are continuing to face a challenging time ahead.

During the meantime, the government’s priority would be to address difficulties and concerns of operating Vietnamese airlines.