Optimistic signs for Vietnamese aviation market by year-end

The latest CAAV statistics show the total number of passengers during the first half of the year stood at an estimated 34.7 million, up 49.6% year on year.

Of the figure, international passengers hit 14.7 million, representing a five-fold rise, while domestic travelers reached 20 million, marking a drop of 3.4% year on year.

Vietnamese airlines are currently operating more than 650 flights a day on 66 routes connecting Hanoi, Ho Chi Minh City, and Da Nang with 19 other airports nationwide.

At present, some 52 foreign airlines and five Vietnamese airlines are exploiting the international air routes.

Some markets including Thailand, Indonesia, and Australia have recorded high growth of between 10% and 30% compared to the pre-pandemic period, while other markets such as Southeast Asia, the Middle East, Europe, and especially India have all witnessed a fast recovery.

However, CAAV director Dinh Viet Thang pointed out that some traditional markets such as China, Hong Kong (China), Macau (China), and the Republic of Korea have seen a slower recovery rate.

The domestic aviation market is projected to continue thriving by between 7% and 10% ahead in the remainder of the year, while the international aviation market will bounce back at a faster rate than that recorded earlier this year, Thang said.

The air transport market is anticipated to reach approximately 76.3 million passengers this year, he added.

However, the aviation market still faces a number of difficulties such as the tightened spending of domestic tourists, the escalating Russia-Ukraine conflict, the devaluation of the Japanese Yen, and China's policies to encourage domestic tourists.

These factors will reduce the flow of foreign visitors to Vietnam, Thang noted.