In 2017 alone, Vietnam Airlines led the market share with 68.3%. Followed by VietJet, accounting for 23.8%; Jetstar Pacific and VASCO hold 7.9% market share.
According to the Ministry of Transport, Vietnam’s air freight market grew strongly with an average rate of 15.6% per year in the period from 2011 to 2017.
In 2017 alone, freight transportation reached 318,000 tons, an increase of 11.3% compared to 2016. In which, domestic freight transport reached nearly 230,500 tons, an increase of 14.6% compared to 2016. Cargo structure In recent years, there has been no change in key products such as seafood (shrimp, crab, ba ba, …), fruit, textile materials, live animals (chicken, duck ).
Currently, Vietnam has 4 airlines, namely Vietnam Airlines, Jetstar Pacific Airlines, VietJet Air and VASCO with 53 domestic routes connecting Hanoi, Da Nang, and Ho Chi Minh City according to the nan-axis network system. from 3 hubs combining the development of a “point to point” flight network with local airports. In general, the main markets in recent years have grown, specifically going to / from Hanoi (39.3%), Ho Chi Minh City (42.6%), and Da Nang (6%).
Vietnam Airlines leads the market with 68.3% market share. Followed by VietJet, accounting for 23.8%; Jetstar Pacific and VASCO hold 7.9% market share.
Growth in international freight transport in the period 2011-2017 reached 17.4% / year. In 2017 alone, it reached 905,300 tons, an increase of 29.2% compared to 2016. The structure of transported goods is mainly electronic components, garment, agricultural products, and aquatic products …
SamSung’s investment in the construction of factories producing electronic components in the North helped Noi Bai overtake Tan Son Nhat to become the airport with the largest volume of goods circulating. The market share of international goods to / from Vietnam Noi Bai and Tan San Nhat reached 59% and 40.3%, respectively.
Competition on the freight transport market is fierce. If in the period 2011-2013, the market share of Vietnamese airlines remained stable at 19-20%, by the period 2014-2016 this figure was only 12-13% and 9.7% in 2017. The reason is that foreign airlines increase their operations in Vietnam.
Facing this situation, the Civil Aviation Administration of Vietnam aims to increase the market share of the low-cost air transport type. By 2020, the market share of the low-cost air carrier will account for 50% of the domestic routes. Airlines continue to reduce costs / costs, especially management costs, and improve efficiency of air transport.
* Source: Partner