Key insights
Potential of Viet Nam aviation market
Viet Nam boasts a rapidly growing passenger and cargo aviation market, steady post-COVID recovery and strong growth prospects moving forward.
Viet Nam Airport Masterplan
In the Viet Nam Masterplan on National airport development for 2021-2030, with a vision to 2050 (Viet Nam Airport Masterplan), 8 new airports and 22 airport expansion projects are planned to increase airport accessibility within 100km to over 95% of the population by 2030.
Airport PPP projects
New policy development allows for a number of airports to be opened for PPP, except for major airport projects.
All airport PPP projects fall under the Prime Minister's authority or above to decide investment policies, and hence are subject to relevant procedures.
Required investment
Viet Nam is looking to spend USD 17.80 billion on the development of the nationwide aviation system from 2021 up to 2030, and USD 25.48 billion up to 2050.
Private participation
To facilitate the targeted airport infrastructure improvement, numerous policies have been enacted to encourage private investment and foreign investment participation.
Private sector participation through PPP modality is enabled by the PPP Law and included in the Viet Nam Airport Masterplan.
Opportunities moving forward
Open market for private sector
With favourable legal policy paving the way for private participation, there are increasing investment opportunities open for both local and foreign investors to develop Vietnam airport sector.
Market pioneer opportunity
No airport PPP project has been completed since the new PPP law came to effect on 01 January 2021, which opens an opportunity for a market pioneer to develop a suitable project for implementation.
Knowledge sharing from international resources
Learning best practices and leveraging international experience and technology is critical to support management of investment and efficient PPP development and implementation.
Stakeholder participation
Authorities, multilateral and bilateral development partners, foreign and local investors, project developers, and all other stakeholders should expedite dialogues, regulatory processes, and negotiations to realise the potential of private participation in the airport sector.
Opportunities for airport suppliers
Technology adoption at Vietnam airports is generally on a similar level to other airports in Southeast Asia but still limited in quantity and variety. This, together with the number of airport development and expansion projects, leads to potential opportunities for smart technology providers in the aviation sector.
Get in touch
Deals Director, Capital Projects and Infrastructure, PwC Malaysia
Tel: +60 (12) 295 7902
Giang My Huong
Senior Manager, Capital Projects and Infrastructure, PwC Vietnam
Tel: +84 976 065 886
Huynh Ngoc Khanh Linh
Manager, Capital Projects and Infrastructure, PwC Vietnam
Tel: +84 28 3823 0796