Vietnam carriers seek 10 mln foreign arrivals in 2022

By Minh Ngoc
Mon, June 13, 2022 | 9:42 am GMT+7

Vietnamese airlines are expected to see nearly 10 million international arrivals in 2022, nearly 100 times more than last year amid an ease in travel restrictions post pandemic.

Vietnamese carriers would serve 70 to 80 million passengers this year, of which 10 million are international arrivals, Dinh Viet Son, deputy director of the Civil Aviation Authority of Vietnam (CAAV), told the Routes Asia 2022 forum in Danang last week. The figure is, however, a 30.3% decline from pre-pandemic 2019.

Until early June, the country's aviation sector welcomed 1.8 million international passengers, fulfilling one fifth of the year's target, up 904.6% year-on-year, CAAV data shows.

A Bamboo Airways plane. Photo courtesy of VOV.

A Bamboo Airways plane. Photo courtesy of VOV.

At the forum, Vietnamese carriers demonstrated their ambitions to increase foreign passenger numbers.

Vietjet Air stated it plans to induct as many as six more Airbus A330-300s into its fleet as it readjusts its long-haul network to meet newfound demand and markets.

The low-cost carrier already operates a pair of the widebody aircraft on routes to South Korea and Japan. Its commercial director Jay Lingeswara said the next phase is to add the major cities in Australia, followed by the Middle East and Eastern Europe.

Meanwhile, Bamboo Airways is looking to join an alliance in 2023 as the Vietnamese start-up seeks further cooperation to develop its network beyond Asia.

Speaking at Routes Asia 2022, Bamboo CCO Thach Pierre Hoang said the carrier is already in discussions with the likes of Japan Airlines, Air Canada and Virgin Australia on potential interlining pacts.

Flag carrier Vietnam Airlines is evaluating the Airbus A220 and Embraer E190/195 regional jets as part of its fleet renewal plans to replace its retiring ATR 72 turboprops.

The state-owned airline is looking to expand its post-pandemic route network in India, with Kolkata and Mumbai identified as potential new destinations.

Within the framework of Routes Asia 2022, Airports Corporation of Vietnam (ACV) and Societa Esercizi Aeroportuali signed Sister Airport Agreement, aiming to boost cargo transport, develop trade, tourism and investment between Vietnam and Italy.

Major Vietnamese airlines are launching many new international routes or resume flights to cash in on surging demand.

The government on March 15 issued a resolution on visa waivers for citizens from 13 countries namely Germany, France, Italy, Spain, the U.K., Russia, Japan, South Korea, Denmark, Sweden, Norway, Finland, and Belarus. Vietnam lifted health declaration requirements on April 27 and dropped its Covid-19 testing requirement for people entering the country on May 15.

Comments (0)
  • Read More
Malaysia eyes to become global medtech hub

Malaysia eyes to become global medtech hub

Malaysia is on track to become a global medical technology (medtech) hub with its strong policies in attracting and executing the right investments, says Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Southeast Asia - Thu, December 12, 2024 | 10:14 pm GMT+7

Malaysia launches national AI office for shaping policy

Malaysia launches national AI office for shaping policy

Malaysia on Thursday launched a national artificial intelligence (AI) office aimed at shaping policies and addressing regulatory issues, as it looks to establish itself as a regional hub for AI development.

Southeast Asia - Thu, December 12, 2024 | 10:10 pm GMT+7

Amended Electricity Law to benefit renewable energy, energy infrastructure firms: broker

Amended Electricity Law to benefit renewable energy, energy infrastructure firms: broker

The amended Electricity Law, effective from February 1, 2025, is expected to benefit businesses involved in the development of renewable energy, energy infrastructure, and power generation.

Companies - Thu, December 12, 2024 | 10:05 pm GMT+7

Vietnam's central bank orders mandatory transfer plans for GPBank, DongA Bank

Vietnam's central bank orders mandatory transfer plans for GPBank, DongA Bank

The government has requested the State Bank of Vietnam (SBV) to urgently submit its plan on mandatory transfers of the remaining two banks under special control, GPBank and DongA Bank, no later than December 20.

Banking - Thu, December 12, 2024 | 9:46 pm GMT+7

Northern Vietnam province attracts $90 mln investments from Singapore, US

Northern Vietnam province attracts $90 mln investments from Singapore, US

Hai Duong province, a manufacturing center in northern Vietnam, has attracted two foreign-invested projects totaling $90 million.

Industries - Thu, December 12, 2024 | 9:15 pm GMT+7

Apple supplier Quanta to double capacity of $120 mln Vietnam plant

Apple supplier Quanta to double capacity of $120 mln Vietnam plant

Taiwan-based Quanta Computer will double the capacity of its factory in Vietnam’s northern province of Nam Dinh, with new products.

Industries - Thu, December 12, 2024 | 4:30 pm GMT+7

Singapore firm to spend $29 mln on land lease for $590 mln project in Vietnam

Singapore firm to spend $29 mln on land lease for $590 mln project in Vietnam

Singapore-based Mega Textile will spend $28.7 million to acquire land use rights for a 51-hectare land lot in VSIP Nghe An Industrial Park, central Vietnam to make a $590 million investment.

Industrial real estate - Thu, December 12, 2024 | 2:01 pm GMT+7

Vietnam’s Investment Support Fund to mainly help foreign firms

Vietnam’s Investment Support Fund to mainly help foreign firms

The Vietnamese government is tasked with issuing a decree on the Investment Support Fund to help multinational and foreign companies, given the Global Minimum Tax (GMT) context.

Economy - Thu, December 12, 2024 | 12:04 pm GMT+7

Vietnam's Ministry of Finance, Ministry of Planning and Investment to become one

Vietnam's Ministry of Finance, Ministry of Planning and Investment to become one

The Ministry of Finance and the Ministry of Planning and Investment will merge with each other to form a new ministry with 34 agencies, down the current total of 56.

Economy - Thu, December 12, 2024 | 9:52 am GMT+7

Vietnam's logistics heavyweight Gemadept raises $118 mln for asset purchases, debt repayment

Vietnam's logistics heavyweight Gemadept raises $118 mln for asset purchases, debt repayment

Gemadept Corporation, a leading port and logistics company in Vietnam, has successfully sold 102.7 million shares to existing shareholders at the price of VND29,000 ($1.14) apiece, raising VND2,978 billion ($117.3 million).

Companies - Thu, December 12, 2024 | 8:15 am GMT+7

Vietnam's Mekong Delta offers significant potential for biomass power generation: Erex exec 

Vietnam's Mekong Delta offers significant potential for biomass power generation: Erex exec 

The Mekong Delta region's abundance of straw and rice husks provides an affordable and sustainable resource for biomass power generation, says Tomoki Kakuta, CEO of Erex Group.

Energy - Wed, December 11, 2024 | 11:23 pm GMT+7

Indonesia to reduce corn, salt, sugar imports in 2025

Indonesia to reduce corn, salt, sugar imports in 2025

Indonesia will slash corn, salt, sugar import quotas for 2025 as part of its efforts to make domestic industries use more domestic products.

Southeast Asia - Wed, December 11, 2024 | 11:02 pm GMT+7

Vietnam a promising market for supply chain diversification, risk mitigation: German association AHK

Vietnam a promising market for supply chain diversification, risk mitigation: German association AHK

German businesses see significant growth potential in Vietnam's promising market, especially when the country’s focus on renewable energy and sustainability aligns with Germany’s strengths in green technologies.

Economy - Wed, December 11, 2024 | 5:57 pm GMT+7

Philippines expected to import record rice volume

Philippines expected to import record rice volume

Despite record production and ample stocks, the Philippines is expected to import a record volume of rice in the 2024-2025 crop year, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.

Southeast Asia - Wed, December 11, 2024 | 4:23 pm GMT+7

Vietnam's auto sales up 17% to 308,544 in Jan-Nov

Vietnam's auto sales up 17% to 308,544 in Jan-Nov

Members of the Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 308,544 units in the first 11 months of 2024, up 17% year-on-year.

Companies - Wed, December 11, 2024 | 3:46 pm GMT+7

Indonesia's economic growth projected below 5.2%

Indonesia's economic growth projected below 5.2%

Indonesia’s Finance Minister Sri Mulyani Indrawati has forecast a growth rate of 5.01% for the country’s economy in the fourth quarter of 2024.

Southeast Asia - Wed, December 11, 2024 | 3:37 pm GMT+7