Vietnam is the fastest-growing aviation market in Southeast Asia. According to the World Bank, air transportation and tourism in Vietnam now ranks first in Southeast Asia. To be specific, between 2016 and 2021, Vietnam has a compound growth rate of 17.4% compared to the ASEAN average of 6.1%. The 2016-2026 growth rate of Vietnam is forecasted to exceed 20%. In 2023, Vietnam’s aviation industry will grow positively, revenue will recover strongly with a favorable prospect that the COVID-19 pandemic is coming to an end in the world and fuel prices will decrease in 2023. Passenger volume in the domestic market is forecasted to grow by 231% year-on-year in 2022 (up 30.9% compared to 2019 level) and 8.9% compounded growth in the period 2023-2025. Meanwhile, the number of international visitors may recover to 84% in the second quarter of 2023 and 100% in the fourth quarter of 2023, helping the total number of international visitors to increase by 195% over the same period in 2022. The International Air Travel Association (IATA) forecasts that by 2035, Vietnam’s aviation sector would serve 136 million passengers and contribute $23 billion to GDP.

To meet the explosive growth of air travel market post Covid-19 and the bright future for the aviation industry, Vietnam’s government is trying to build more airports, expand the fleet of airlines, develop MRO facilities and capabilities, train young talents to meet the workforce demand. The launching of Aviation Industry Vietnam Forum 2023 (AIVNF 2023) is an opportune event to talk about the most pressing concerns, challenges and opportunities in this market through speeches, panel discussions, exhibition showcases, etc. AIVNF 2023 will strengthen connections and enhance communications among civil aviation authorities, airlines, airport operators/owners, OEMs, MROs, aviation training schools, aircraft leasing companies, parts suppliers, equipment manufacturers, solution providers, investors, consultants and business associations to create joint efforts to consolidate Vietnam's growing air travel industry.