Vietnam's aviation market is forecast to be the world's 7th fastest-growing from 2013 to 2017, with annual growth rates of 6.9 percent and 6.6 percent expected for international passengers and freight, respectively, according to the International Air Transport Association (IATA). Tony Tyler, general director of IATA, at a workshop co-organized by the association and national flag carrier Vietnam Airlines in Hanoi on Wednesday. … [Read more...] about Vietnam to be world’s 7th fastest-growing aviation market: IATA
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Vietnamese warned against casino, brewery, seaport, airport movements
VietNamNet Bridge - Economists have pointed out that "following the crowd" is Vietnam's biggest problem in programming its economic development. Minister of Planning and Investment Bui Quang Vinh said at a workshop on institutional reform on March 6 that he has got worn out because of the local authorities' proposals to allow opening casinos in their localities. "I am now under a hard pressure that makes me too tired. At first, only one casino project was suggested, but the number has risen to 10," he complained. "If a province develops casino, other provinces will decide that they also need to develop casinos to develop the local economies. It is because local authorities cannot think of any other way to make money," Vinh commented. Vietnam is now witnessing the "casino rush" which follows the "seaport rush" and "airport rush" in the past. The minister was joking that in order to cut down the number of casino projects, it would be better to divide Vietnam into seven … [Read more...] about Vietnamese warned against casino, brewery, seaport, airport movements
Vietnam in desperate need of new international airport
A view at the Tan Son Nhat International Airport. Photo by Doc Lap Now is the time to build a new international airport 40 kilometers outside Ho Chi Minh City in the Dong Nai Province's Long Thanh District to ease the burden on HCMC's Tan Son Nhat International Airport, Vietnam's aviation officials agreed at a conference in Hanoi held earlier this week. "We should have started construction by now, in order to have the first phase completed by 2020," said Nguyen Nguyen Hung, board chairman of state-owned Airports Corporation of Vietnam (ACV), which manages Vietnam's 22 civil airports, at the conference held by the Ministry of Transport. Tran Quang Chau, chairman of the Aviation Science and Technology Association, agreed with Hung, saying the project should be given "top priority," given the demand for domestic air travel and Vietnam's ambition to make Long Thanh Southeast Asia's next major transit hub. Hung said a final draft of the Japan Airports Consultants' report must be … [Read more...] about Vietnam in desperate need of new international airport
Vietnam calls for investments in airports
VietNamNet Bridge - It's still very difficult to develop the infrastructure system for the aviation industry, because Vietnam still cannot attract non-state investment sources. The capacity of the domestic airports has increased from 6 million passengers in 2000 to 52 million in 2012. In 2009, the Prime Minister approved the airport development program which foresaw the increasingly high demand for traveling. According to the Civil Aviation Authorities of Vietnam (CAAV), the development program has been going on the right track with the targets in the air route network, fleet, airport network and flight activities having been following the programmed schedules. Besides the state owned Vietnam Airlines, which now holds 40 percent of the passenger and 20.2 percent of the cargo market share, Vietnam also has private airlines, namely Vietjet Air, Air Mekong and foreign invested airline - Jetstar Pacific. The Vietnamese fleet with high convenience and safety now comprises of 98 … [Read more...] about Vietnam calls for investments in airports
New Phu Quoc airport open to domestic flights
New Phu Quoc airport open to domestic flights Binh Duc and Dao Loan VietJetAir to launch first int’l service next year By Binh Duc and Dao Loan - The Saigon Times Daily HANOI, HCMC - A new airport on the southern resort island of Phu Quoc was opened to the domestic flights of Vietnam Airlines and Air Mekong yesterday, four years after the mammoth project offshore mainland Kien Giang Province got off the ground. Air Mekong told the Daily yesterday that its Bombardier aircraft with 90 passengers on board took off from Tan Son Nhat Airport and touched on Phu Quoc International Airport in the Mekong Delta province. The private airline currently services twice a day on the HCMC-Phu Quoc route and three times a week between Hanoi and the new airport in Duong To Municipality in Phu Quoc District. Vietnam Airlines had also its planes landed at the Phu Quoc International Airport yesterday. The national flagship carrier said in a statement that passengers had been informed of … [Read more...] about New Phu Quoc airport open to domestic flights