Topic: Passengers

59.1% more foreign visitors passed through Vietnam’s airports in February than in February 2023.

Recovery in Vietnam’s aviation sector failed to meet expectations last year.

Foreign passengers rose by a remarkable 266.8% year-on-year.

International passenger numbers estimated at 14.5 million.

The Railway Law 2017 is being reviewed and evaluated by units to identify specific amendments and supplement policies suitable to the new circumstances and to revive railway transport and promote the inherent advantages of this mode of transport. The competitiveness of railway transport compared to other modes is low, with the market share of passengers and cargo declining every year.

Construction of Terminal 3 at Tan Son Nhat International Airport in Ho Chi Minh City, with a capacity of 20 million passengers a year, is expected to begin in the fourth quarter and be put into operation in 2024, helping to increase capacity to 50 million a year. The city’s People’s Committee has approved a plan to recover 16 ha for construction.

The International Air Transport Association (IATA) has forecast that the global aviation market will recover and exceed pre-Covid-19 levels in early 2024, catering to a total of 4 billion passengers. It also believes that Vietnam will be the fifth fastest-growing aviation market in the world, catering to 150 million passengers by 2035. To speed up recovery in its aviation industry, Vietnam needs to promote trade and the linking of technology and services with airlines around the world.

Positive signs of recovery seen in aviation sector so far this year.

Deputy Prime Minister Le Van Thanh has assigned relevant authorities to consider a proposal from the Lai Chau Provincial People’s Committee to build Lai Chau Airport, at a cost of VND8 trillion ($344.77 million) and under the public-private partnership (PPP) model. With a capacity of catering to 500,000 passengers a year and with a land area of 117 ha, it will be an important driving force for development in the northern mountainous province.

According to FlightAware rankings, Tan Son Nhat International Airport in Ho Chi Minh City leads airports around the world in terms of cancellation rates, at less than 0.3 per cent. The airport sees the largest passenger volumes in Vietnam and is an important gateway in the region. It aims to serve more than 28.3 million passengers this year.