The plan is made based on a robust socio-economic outlook with GDP growth forecast at 6.6-6.8% as well as a bright prospect on Vietnamese transportation market expansion.
The Airports Council International (ACI) forecasts the Vietnamese aviation transportation to top the group of markets with more than 50 million passengers a year during 2016-2040. Meanwhile, the International Air Transport Association (IATA) predicts Vietnam as the world’s 5th fastest growing aviation market, which will transport 150 million passengers by 2035, a representative from the ACV said.
In 2019, the ACV will continue boosting investments and upgrades in airport infrastructure, and mobilising resources for construction and development of strategic airports like Long Thanh International Airport in southern Dong Nai province. Furthermore, due attention will be paid to IT application into airport management and operation in line with international standards.
Expansion of aprons will be made at busy airports like Noi Bai, Tan Son Nhat, Da Nang, Cam Ranh, Lien Khuong, Cat Bi, Vinh and Phu Bai.
The ACV is making preparation for its key projects, including construction of Terminal 3 at Tan Son Nhat International Airport, new terminals at Da Nang and Cam Ranh International Airports, expansion of Terminal 2 at Noi Bai International Airport, and Terminal 2 at Cat Bi, Vinh, Phu Bai, Dong Hoi and Tho Xuan International Airports.
According to the corporation’s report, the ACV’s revenue in 2018 was estimated at VND17.84 trillion (US$768.27 million), surpassing the set plan by 11%, and rising 18% against 2017.
At present, the Vietnamese aviation market has the participation of 68 foreign airlines from 25 countries and territories and the four local carriers Vietnam Airlines, Vietjet Air, Jetstar Pacific Airlines and Vasco.
The 68 foreign and three of the Vietnamese carriers (except Vasco) operate nearly 130 international routes linking Hanoi, HCM City, Da Nang, Nha Trang, Phu Quoc and Hai Phong with 28 countries and territories around the world.
Meanwhile, the four local airlines are running 48 domestic routes from Hanoi, HCM City and Da Nang to 18 local airports.