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Viet Nam's aviation among top 10 fastest-growing markets in Asia-Pacific: Boeing report

VGP - Viet Nam's aviation industry is experiencing impressive growth, named among the top 10 fastest-growing markets in the Asia-Pacific region, according to Boeing’s latest Commercial Market Outlook (CMO).

July 25, 2025 8:51 PM GMT+7
Viet Nam's aviation among top 10 fastest-growing markets in Asia-Pacific: Boeing report - Ảnh 1.

Domestic passenger Terminal 3 at Tan Son Nhat International Airport located in Ho Chi Minh City

The Southeast Asian nation is among the countries with the highest air transport growth rates in the region. The number of passengers traveling to, from, and within the country is projected to double within the next decade, reaching more than 75 million travelers annually.

The average annual growth rate of Viet Nam's aviation sector is estimated at around 8.1 percent, a notable figure, especially given the global market's ongoing volatility.

The domestic market is expected to grow faster than the international one, reflecting the expansion of the flight network and the increasing demand for air travel within the country.

In just the first half of this year, the Viet Nam Air Traffic Management Corporation (VATM) safely managed over 460,000 flights, an increase of nearly 9 percent compared to the same period last year. This figure highlights the growing demand for air traffic management while also placing significant pressure on airspace infrastructure.

The robust growth of Viet Nam's aviation market is seen as a golden opportunity for businesses in air traffic control and aviation technical services.

The country's aviation infrastructure is also evolving to meet rising demand. The opening of Terminal 3 at Tan Son Nhat International Airport in Ho Chi Minh City and the anticipated launch of Long Thanh International Airport in Dong Nai Province by 2026 will unlock new opportunities for growth.

Viet Nam's GDP is projected to reach over US$670 billion by 2029, advancing from the world's 37th to 29th largest economy. This economic ascent is expected to fuel demand not only for passenger aircraft but also for freighters. Southeast Asia is projected to require over 120 new or converted cargo aircraft by 2043, with Viet Nam playing a critical role in regional air cargo logistics./.