According to IATA, Vietnam is one of the fastest growing aviation markets globally and it will be the fifth fastest-growing market by 2035. Vietnam had been the leading market in Asia-Pacific in terms of air passenger growth in the last five years with 28.9%, which is more than double the second lead market China. Over the last decade, the average growth rate has been 17.4%, far higher than the 7.9% growth in Asia. The key-driven factors are Vietnam joining several free trade agreements, a growing tourism industry with 19% growth rate for domestic passengers and 29% for international travelers in 2017, and the emergence of low-cost carriers. 

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To cope with the explosive growth of Vietnam air travel market, Vietnam’s government is striving to develop and expand airport capacity to handle the situation. The inaugural Vietnam Aero Summit 2021 s an opportune event to discuss about the most pressing concerns, challenges and opportunities in this market through speeches, panel discussions, exhibition showcases, etc. VAS 2021 will strengthen connections 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 brainstorm joint efforts to consolidate Vietnam's soaring air travel industry.