Vietnam has seen strong growth in its air transport market over the past decade and is one of the fastest expanding in the region, analysis from IATA shows.
IATA indicates that Vietnam has advanced from being Asia Pacific’s 11th largest air passenger market in 2014 to the eighth largest in 2024.
It also registered the highest growth rate amongst the top 10 markets in the region, at 121% from 2014 to 2024.
This surge results from the country’s strong economic performance and growing appeal as a travel destination. Visa simplification for countries and the opening of new international routes have stimulated demand, news hub Travel Mole reported.
Vietnam is perceived as one of the last frontiers in Asia for foreign travellers, gaining market shares over its competitors, notably Thailand.
With 22 to 23 million foreign travellers expected in 2025, Vietnam is on track to become the third largest destination in south-east Asia, behind Malaysia and Thailand.
International passenger traffic surged by 26% last year. Data from the Vietnam National Statistics Office highlights that airlines transported 54.2 million passengers in 2024, of which 19.7 million were on international flights.
IATA stats show, seven of the top 10 international markets for travel to Vietnam more than doubled from 2014 to 2024.
As an example, traffic from India grew tenfold during this period.
South Korea is by far the largest source of international arrivals for Vietnam. It represents more than twice that of second-placed China.
Image: Alessandro Castiglioni, Scop.io
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