Domestic air transport sees strong rebound after pandemic
Domestic air transport has recorded spectacular recovery and breakthrough growth in the first eight months of 2022, according to a report issued by the Airports Corporation of Vietnam (ACV) on August 31.
Domestic air transport sees strong rebound after pandemic. (Photo: VNA)
Hanoi (VNA) – Domestic air transport has recorded spectacular recovery and breakthrough growth in the first eight months of 2022, according to a report issued by the Airports Corporation of Vietnam (ACV) on August 31.
The report said over 66 million passengers used air service in the last eight months, including 61 million domestic ones, up 19.9% from the 2019 figure.
The number of passengers increased by 40% in June, 42% in July, 40% in August this year, compared to the same period in 2019.
Meanwhile, the volume of goods going through airports in the first eight months of 2022 decreased by 8.7% compared to the same period three years earlier, with the proportion of international cargo going up to 79% from 66% in 2019.
The overall rate of flight delays in the first seven months of this year was 22.41%, the report said.
ACV demanded airports to coordinate in operating, ensuring flight safety and the quality of service in the context of increasing transport volume; strengthen monitoring and control of takeoffs and landings in the coming time.
With an annual growth rate of over 15% in the period 2010-2019, Vietnam is the fifth fastest growing aviation market in the world, and the fastest in Southeast Asia.
However, the COVID-19 pandemic pushed back the development of aviation industry worldwide during the 2020-2021 period, causing negative impacts on the air transport chain, especially Vietnamese airlines.
Due to the closure of the international market, domestic airlines almost completely stopped international operation, while the domestic transport in the last two years saw respective declines of 42.1% and 80% compared to 2019./.
Vietjet offers customers hundreds of thousands of good-priced tickets from only 609,000 VND (26.43 USD), accompanying the journey to come back home, bringing the joy of reunion with family and loved ones with exciting travel experiences on all routes across Vietnam in the year-end season.
Vietnam’s aviation industry is targeting about 43 million passengers in 2022, including eight million international tourists, or around 50 percent of pre-pandemic numbers, according to the Civil Aviation Authority of Vietnam.
Vietnam’s domestic aviation market is recovering at the fastest pace in the world with a growth rate of 123 percent compared to the same period of 2019, before the COVID-19 pandemic broke out.
Vietnamese airlines are suffering losses amounting to hundreds of billions of VND each month due to a surge in fuel prices, according to director of the Civil Aviation Authority of Vietnam (CAAV) Dinh Viet Thang.
The aviation and tourism sectors significantly contribute to the national economy, therefore international flights should be resumed early to spur economic development.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Domestic air transport sees strong rebound after pandemic. (Photo: VNA) 
