Vietnam 's aviation sector is growing rapidly, according to Lai XuanThanh, deputy director general of the Civil Aviation Administration.
The speedy development is attributed to the increase of many foreignairlines that haveopened new routes and enhanced the frequency offlights to Vietnam , Thanh said.
He added the move isalso based on belief in the country's aviation potential and incentivesfrom the Government. The Civil Aviation Administration of Vietnam (CAAV)reports that last year, the domestic airline sector grew by 14 percent.
International Air Transport Association (IATA) DirectorGeneral and CEO Giovanni Bisignani recently told Vnexpress.net onlinenewspaper that he predicts the future of Vietnamese aviation to bepositive. By 2014, the country will have become the third largest marketfor international passenger and cargo transport after China andBrazil .
He said the prediction is based on the 5 percentaverage growth rate of the global aviation industry and that Vietnameseaviation will reach 10 percent in 2015, by which time the country's GDPwill expectedly have increased by 7 percent on average.
By 2015, Vietnam's aviation market will service between 34-36 millionpassengers and 52-59 million in 2019 while cargo transport increasebetween 850,000 to 930,000 tonnes in 2015 and 1.4 to 1.6 million tonnesin 2019.
In addition, the Ministry of Finance has decidedto slash a number of service fees with the highest reduction at up to 50percent for the first airlines to open air routes to Vietnam andfor those that engage in operating air transport for the first time.
On May 3 this year, Finland Airlines (Finnair), a member of theOneworld Alliance that operates more than 800 international flights to149 countries and territories, officially declared its presence inVietnam .
Finnair mainly exploits routes between Europeand Asia . It has a fleet of more than 70 aircrafts, with an averagelife span of between 4-6 years.
Retteri Kostemaa, regionalsales director for Singapore and Southeast Asia, said that it plannedto open direct flights from Helsinki to Vietnam in the nearfuture.
Other airlines have continued to increase theirflights and open new routes to Vietnam , such as Cebu Pacific of thePhilippines that launched its new flight from Manila to Ha Noi witha frequency of two per week.
In March, Saudi AirlinesCargo also deployed its services from HCM City to the Middle Eastand Frankfurt in Germany , with a frequency of two flights per week.
It is clear that opportunities for the country's aviation sector arevast, but it requires investors to have strong finances, human resourcesand experience.
The speedy development is attributed to the increase of many foreignairlines that haveopened new routes and enhanced the frequency offlights to Vietnam , Thanh said.
He added the move isalso based on belief in the country's aviation potential and incentivesfrom the Government. The Civil Aviation Administration of Vietnam (CAAV)reports that last year, the domestic airline sector grew by 14 percent.
International Air Transport Association (IATA) DirectorGeneral and CEO Giovanni Bisignani recently told Vnexpress.net onlinenewspaper that he predicts the future of Vietnamese aviation to bepositive. By 2014, the country will have become the third largest marketfor international passenger and cargo transport after China andBrazil .
He said the prediction is based on the 5 percentaverage growth rate of the global aviation industry and that Vietnameseaviation will reach 10 percent in 2015, by which time the country's GDPwill expectedly have increased by 7 percent on average.
By 2015, Vietnam's aviation market will service between 34-36 millionpassengers and 52-59 million in 2019 while cargo transport increasebetween 850,000 to 930,000 tonnes in 2015 and 1.4 to 1.6 million tonnesin 2019.
In addition, the Ministry of Finance has decidedto slash a number of service fees with the highest reduction at up to 50percent for the first airlines to open air routes to Vietnam andfor those that engage in operating air transport for the first time.
On May 3 this year, Finland Airlines (Finnair), a member of theOneworld Alliance that operates more than 800 international flights to149 countries and territories, officially declared its presence inVietnam .
Finnair mainly exploits routes between Europeand Asia . It has a fleet of more than 70 aircrafts, with an averagelife span of between 4-6 years.
Retteri Kostemaa, regionalsales director for Singapore and Southeast Asia, said that it plannedto open direct flights from Helsinki to Vietnam in the nearfuture.
Other airlines have continued to increase theirflights and open new routes to Vietnam , such as Cebu Pacific of thePhilippines that launched its new flight from Manila to Ha Noi witha frequency of two per week.
In March, Saudi AirlinesCargo also deployed its services from HCM City to the Middle Eastand Frankfurt in Germany , with a frequency of two flights per week.
It is clear that opportunities for the country's aviation sector arevast, but it requires investors to have strong finances, human resourcesand experience.
