VnDirect: Aviation stocks growing in appeal

The number of international visitors arriving in Vietnam by air reached 4.9 million in the third quarter of the year, a 35-fold increase over the same period last year when most of Vietnam was in lockdown, and equal to 49.8 per cent of pre-pandemic levels. VnDirect has forecast that visitor numbers will reach 12.5 million in 2022, equal to 88.5 per cent of the pre-pandemic number. The recent market decline has resulted in the price of many stocks falling, with attractive valuations and strong growth expectations meaning now is a good time to accumulate aviation stocks.