International airlines set up routes to Vietnam as aviation market booms

26-Nov-2019 Intellasia | Vietnamnet | 6:02 AM Print This Post

With new foreign airlines setting up air routes to Vietnam and existing airlines increasing flight frequency, the Vietnamese aviation sector is becoming extremely busy.

Despite the signs of recession of the global economy because of the negative impact of the US-China trade war, the aviation market has witnessed spectacular growth.

Cathay Pacific has increased the number of flights between Hong Kong and Hanoi from 12 to 14.

The airline wrapped up the deal of taking over HK Express, a low cost carrier which is exploiting air routes between Hong Kong and Da Nang and Nha Trang. It is considering opening a new air route to Vietnam and Phu Quoc.

Just within one year, nearly 50 international air routes to Vietnam have opened. It is expected that up to 200 air routes between Vietnam and foreign destinations would be open by the end of this year. The international aviation market in Vietnam is witnessing a growth rate of 15 percent.

More and more foreign airlines have decided to fly to Vietnam. India IndiGo has opened the second non-stop flight linking India and Vietnam. Air Seoul Inc, a subsidiary providing low cost flights belonging to Asiana Airlines, has opened an air route to Da Nang. Meanwhile, Edelweiss of Switzerland has launched direct flights between Zurich and HCM City.

As of the end of June, 72 international and four Vietnam airlines had exploited more than 200 international regular routes and provided chartered flights from 25 countries and territories to eight points in Vietnam. In the first six months of the year, 20.2 million passengers were served, an increase of 12.5 percent compared with the same period last year.

Analysts said as the income and living standards have increased, people have higher demand for travelling or doing business in other countries.

Reports show the sharp rise in the number of foreign travellers to Vietnam in recent years. In 2015-2018, the figure soared from 7.9 million to 15.5 million, a two-fold increase with the annual growth rate of 25 percent per annum.

This is the highest growth rate in the world, according to the World Tourism Organisation (UNWTO) if compared with the average 5.8 percent growth rate globally, and the 6.1 percent rate in Asia Pacific.

Darren Hulst, vice president of Boeing, said all the indicators, including the number of passengers, volume of goods and number of aircraft, show the high growth rate of the Vietnamese aviation market. The number of passengers has increased by three times, the volume of goods two times, and the fleet two times.


Category: Business, Vietnam

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