How increased flights reflect the economy

New flights announced to open Vietnam up even more as a tourist hotspot. 

The progression of Vietnam as a tourist destination has taken one step further. It has been announced that flights will start to operate from Ho Chi Minh City to Sydney and Melbourne by Jetstar.

Vietnam is becoming an increasingly popular tourist destination and the number of flights operating to other parts of the world is on the up. This new route will be linked with Jetstar Pacific, which is a joint venture between Vietnam Airlines and Qantas. Jetstar Pacific are growing exponentially in an attempt to quash competition from the no frills airline VietJet who currently hold approximately 40 percent of the country’s domestic market.

Jetstar Pacific are doubling their fleet of aircraft by 2020 as part of an investment worth USD 139 million. This will increase the competition on the market among Vietnam Airlines, AirAsia X and Scoot.

Jetstar Group chief executive Jayne Hrdlicka commented, “The growing middle class in Vietnam has made it one of the fastest growing aviation markets in the world”, adding that, “Vietnam has the potential to become as popular as Bali or Thailand for Australian travellers”.

Hrdlicka said that there has been over a 20 percent in the visitor numbers to Vietnam from Australia in the last 12 months. This figure is expected to continue with the launch of the new low fares by Jetstar Group.

Vietnam is taking steps to develop various sectors of the economy from tourism to property. Developers are already responding to increased tourist numbers with new schemes such as Hoiana. The increase in airline presence is another reflection of the strength of the economy and illustrates the path the country is taking in its growth.