Vietnam's air freight industry accelerates despite COVID pandemic

National conglomerate targets air cargo, overseas operators ramp up

20220428 vietnam air cargo

Growth in Vietnam's air freight industry is speeding up as the Southeast Asian nation lures foreign manufacturers. © Reuters

TOMOYA ONISHI, Nikkei staff writer

HANOI -- Vietnam’s air cargo industry is pushing through the coronavirus pandemic and other headwinds in the global economy, with the number of flights picking up and a new homegrown freight carrier set to take to the skies.

The Southeast Asian nation's 2022 air cargo traffic is expected to grow 17% from last year to more than 1.52 million tons, according to local media, accelerating beyond average annual expansion of 15% over the last 30 years.

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