At the seminar"Restoring and developing Vietnam's aviation industry in a new context" organised by Communist Review, in collaboration with the Ministry of Transport , experts said the air transport industry has been seriously affected and they urge the government to create the market and the development corridor as a key to return to the growth trajectory of the aviation industry.
At the same time, Thắng said the local airlines have had to struggle, manage and implement all self-advocacy solutions as well as receive support from State management agencies to maintain operations until the market recovers. He told the seminar: “Currently, although Vietnamese and international airlines have restored most of the routes to traditional markets, the number of international visitors is still mainly official, visiting relatives, and doing business. The number of tourists, the main source of passengers of the aviation industry is still very limited.”
According to a report by the International Air Transport Association , the world international aviation market will recover to 2019 levels by 2025. For domestic transport, IATA forecasts the recovery will come. This means that compared to 2019, domestic arrivals will reach 93 per cent in 2022, 103 per cent in 2023, 111 per cent in 2024 and 118 per cent in 2025.
Đạt said the financial health of airlines was a key factor in the aviation recovery, adding most airlines were struggling for financial resources and cash flow to maintain operations, in addition to restructuring airlines to reduce costs. CAAV’s director Thắng said that aviation businesses can receive the 2 per cent interest rate support in two years 2022-2023 through commercial banks, adding they could also continue enjoying a 50 per cent environmental protection tax for 2022.