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15 Oct 2019
The development of airports and airlines to catch Vietnam’s aviation market

Vietnam is gaining popularity as a travel destination. According to TripAdvisor, Hanoi ranked 15th in the world’s 25 top tourist destination ranking in 2019. As stated in Japan Association of Travel Agents survey, Vietnam is ranked 5th among overseas travel destinations in the summer vacation selected by the Japanese.

On the back of the recent tourism boom, Vietnam’s aviation market has been growing rapidly. According to the Airport Council International (ACI), a non-profit organization representing the world’s airports, Vietnam is expected to be the fastest emerging aviation market in the world in 2017-2040 period. The rest of top 10 include India, Saudi Arabia, the United Arab Emirates, the Philippines, Indonesia, Colombia, Mexico, and Malaysia. Comparing to 2017, the number of passengers in 2018 is estimated at 106 million, increased by 12.9%. ACI also estimated passenger transport would grow by 7.8% annually until 2022.

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