Vietnam aviation experts see growth potential
Keeping up with the theme of international aviation we turn to Vietnam. An increase in foreign airlines, new routes & increased frequency of flights to Vietnam caused the sector to grow 14% last year.International Air Transport Association (IATA) Director General and CEO Giovanni Bisignani is reported to have told one publisher that by 2014, the country would have become the third largest market for international passenger and cargo transport after China and Brazil.
In addition, the Ministry of Finance has decided to slash a number of service fees with the highest reduction at up to 50 per cent for the first airlines to open air routes to Viet Nam and for those that engage in operating air transport for the first time, and in May Finnair officially declared its presence in Vietnam.
Other airlines have continued to increase their flights and open new routes to Vietnam.