Vector Aviation thrives in booming Vietnam

Vietnam will be one of Asia’s boomingair freight markets in the near future,predicts Do Xuan Quang, managingdirector of Ho Chi Minh City-basedGSA Vector Aviation. "Every year, Vietnam is seeing 22 percentgrowth in exports and air freightexports are growing by 15 percent ayear," he says. "Last yearVietnam saw total exportsof $40bn, which comparesto $115bn from India. […]


Vietnam will be one of Asia’s boomingair freight markets in the near future,predicts Do Xuan Quang, managingdirector of Ho Chi Minh City-basedGSA Vector Aviation.

"Every year, Vietnam is seeing 22 percentgrowth in exports and air freightexports are growing by 15 percent ayear," he says. "Last yearVietnam saw total exportsof $40bn, which comparesto $115bn from India.

So there are very favourableconditions for cargoairlines who come to Vietnam."Carriers that arealready taking advantageof the opportunity includeKorean Air, EVA Air, ChinaAirlines and Shanghai Airlines,all of whom fly widebodyfreighters into Vietnam. "But theyare focusing on long-haul shipments toEurope and the west coast of the US,"says Quang.

"Our aim at Vector Aviation is tofocus on feeder services, for exampleto Bangkok, Kuala Lumpur, Singaporeand Taipei." Vector Aviation emerged asan independent company in 2004 from Vinatrans, the former state forwardingand logistics company, when theVietnamese government liberalised thecargo industry according to WTO rules.The company offers cargo and passengerGSA services, ground handling,charter brokering, aircraft leasing andcargo consultancy.

"If a freighter operator wants tocome to Vietnam, we can arrange licences for them," says Quang. "We can also help them to wet-lease aircraft, such as B727s or AN12s."

However, the cargo GSA business isthe major focus for the company, whichrepresents Transmile, Malaysian Airlines,China Southern and Transaeroonline, and LTU Leisure Cargo andAerosivit of the Ukraine offline.