Vietnam's aviation industry in which Vingroup enters
Vietnam's tourism industry has continued to grow strongly, and Vietnam's aviation industry has recorded annual growth of 17.4% over the past decade. Positioned as one of the fastest growing aviation industries in the world. The average growth rate of the aviation industry across Asia over the last decade was 7.9%, according to the International Air Transport Association.
Vietnam has shown growth not only in the aviation industry but also in a wide range of industries, with Vietnam's GDP increasing by 225% over the last decade. The tourism industry has played a particularly important role, with Vietnamese airlines recording 94 million passengers in 2017, of which 13 million were foreigners. This means that 14% of all passengers are the result of visiting Vietnam from abroad.
Vinpearl Air, 6th as a Vietnamese airline
Among Vietnam Airlines, Jetstar Pacific, VietJet Air, Bamboo Airways and Vietnam Air Service Airlines, Vinpearl Air is now the sixth in Vietnam.
Vinpearl Air for international flight operations
Vinpearl Air aims to be an airline that operates international flights.
According to the aviation law of the Government of Vietnam, investors of airlines who want to operate more than 30 aircraft internationally need a capital of at least 1.3 trillion dong. Vinpearl Air has a capital of 1.3 trillion dong and has already received a business license from the Vietnamese authorities.
The shareholders of the newly established airline will be VinAsia Tourism Development 45%, Hoang Quoc Thuy 30% and Pham Khac Phuong 25%.
Vietnam's airlines increase international flights
In Vietnam, an increasing number of airlines are aiming to operate international flights. Vietnam Airlines will start direct flights between Ho Chi Minh and Tokyo later this year, and recently established FLC Group-led Bamboo Airways will increase its capital to 2 trillion dong and purchase the Airbus A380 in April 2019. However, we plan to start operating direct flights to the United States.
Vingroup employee training
On July 10, Vingroup established the VinAviation High-tech Human Resources Training School, Vinpearl Air Flight Training Center, in partnership with Canada's CAE Oxford Aviation Academy.
The former aims to acquire qualifications such as CAAV (Vietnam certification), FAA (US certification), EASA (EU certification) from the Civil Aviation Administration of Vietnam (CAAV), and trains 400 pilots and engineers every year. Is expected.
The latter was established for the purpose of training pilots and engineers, evaluating aircraft, and so on.
Vingroup growth
Vingroup Holds Vietnam's First Race Event
Vingroup is diversifying its business in addition to its core real estate business and shopping malls. We will join VinFast, which manufactures and develops automobiles, VinSmart, which develops and sells communication equipment, and Vinpearl Air, which is an aviation industry.
Vingroup will host Vietnam's first Formula One (car race) in Hanoi next year. We are also preparing major projects.
About Suzuki Property Vietnam Co., Ltd in Ho Chi Minh City
We support clients to buy and rent real estate (condominiums, serviced apartments, offices, business land) in Ho Chi Minh. We also provide you with the latest information about Ho Chi Minh City and Vietnam through the internet.
If you have any questions or requests, including condominium and property information, as well as local information about Ho Chi Minh City, please feel free to contact us.
