Vietnam is attracting foreign airlines due to its lucrative air cargo transport market up by 19.06 per cent year on year in 2013 at 630,000 tons of cargo, according to data from Civil Aviation Authority of Vietnam (CAAV), according to Shipping Gazette.
Last year's 5.42 per cent GDP growth was led by electronic factory output in Ho Chi Minh City, with a five per cent increase in air cargo while Hanoi enjoyed a 10 per cent increase. These exports were flown out by 13 foreign carriers.
Hanoi now leads the country's cargo market having a 50 per cent market share up from five years ago when it had 33 per cent, a trend expected to continue with Canon and Samsung operating in the north, reported VietNamNet Bridge.
Carriers increasing capacity out of Vietnam include Malaysia's MASkargo. Since it success with Kuala-Lumpur-HCM City route two years ago, it has decided to fly out of Hanoi to capture increasing export of equipment, electronic parts, footwear and garments recently.
FedEx has extended its services to meet demand for importing healthcare products and pharmaceutical materials requiring low temperature. It now offers cold storage packing services for goods.
An air route linking Europe to HCM City was signed a year ago between Vietnamese Vector Aviation Company Ltd and Catullo Spa Italy for a route between HCM City and Brescia in Italy to launch in October 2013.
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