The heat of inflation does not appear to be too significant in Vietnam, with the World Bank (WB) forecasting a rate of around 3.8 per cent for this year. However, factors such as fluctuations in energy prices, the end of policies supporting lower taxes, rising prices for public services, and higher wages will make controlling inflation more difficult.
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.