Thailand is embarking on a wave of aviation infrastructure projects to capitalise on its strategic location between the world’s two most populous markets China and India, thereby cementing Thailand’s role as a key transit and logistics hub in ASEAN and Asia.
The agreements pave the way for comprehensive cooperation between Vietnam and India across aviation, logistics, infrastructure, technology and tourism services, while contributing to stronger economic and trade connectivity as well as people-to-people exchanges between the two countries in a new phase of development.
With a total implementation timeline of 18 months, the expansion of the Phu Quoc International Airport is recognised as an unprecedented project in terms of speed within Vietnam’s aviation infrastructure sector.
More than 80 state-owned and private enterprises from Vietnam and the US discussed cooperative opportunities at a recent virtual conference as both sides are making preparations for the launch of direct flights between the two countries.
The Airports Corporation of Vietnam (ACV) has predicted the number of passengers passing through its airports will surge 12 percent year-on-year to 116 million by the end of this year.
Serious traffic congestion at Tan Son Nhat International Airport could be addressed only with comprehensive investment in terminals, runways, air traffic management and the apron system.
A significant wave of private investment is flying into aviation infrastructure on the back of improvements in long-term development planning for the sector in Vietnam.
Deputy Prime Minister Vu Duc Dam chaired a tourism forum in Hanoi on December 6 to discuss major measures to develop high-quality and sustainable tourism in Vietnam by 2030.
Vietnam considers cooperation with Boeing a long-term and strategic plan and the Government will create all favourable conditions for the US company to expand investment in the country.
Property developer FLC Group has announced the establishment of the Viet Bamboo Airlines Ltd. Co., laying the foundation for the formation of an airline under the name of Bamboo Airways.
The Airports Corporation of Vietnam (ACV) incurred losses of 1.37 trillion VND (60.8 million USD) due to the sharp increase in the value of the Japanese yen.
The biggest problem facing the Vietnamese aviation sector is the infrastructure of airports, especially Tan Son Nhat International Airport, heard a conference in Hanoi on May 17.
