Vietnam needs 1,000 aircraft over next 20 years
Air travel in Vietnam will grow at twice the global average, meaning the country will need to add 1,000 aircraft to its fleet over the next two decades, according to a recent forecast by Airbus.
Vietnam anticipates a substantial increase in passenger traffic, with an average of 7.7% annual growth over the next two decades, according to Wouter van Wersch, president of the European aircraft manufacturer Airbus. This projected expansion would necessitate improved airport infrastructure and increased operating capacity, according to van Wersch.
To meet these demands, Airbus has pledged support for Vietnamese businesses, both locally and through the provision of products and services. As of September, 258 aircraft operated by 13 companies were registered in Vietnam, constituting approximately 50% of the country's widebody market and 90% of its narrowbody aircraft market.
Vietnam Airlines and Vietjet Air have recently placed orders for Airbus aircraft, with the former having purchased five A350 widebody aircraft and the latter ordering 40 A330-900s. Furthermore, Airbus has collaborated with the Vietnam Academy of Science and Technology since 2013 to launch Vietnam's first Earth-observation satellite, VNREDSat-1, which has been operational for over a decade despite its initial five-year lifespan.
Recently, the governments of France and Vietnam signed a protocol to further develop the VNREDSat-2 satellite, for which Airbus will continue to provide support and technology transfer.
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