Vietnam’s aviation sector has fallen behind the impressive recovery seen in global aviation during 2023. Revenue from international aviation accounts for a large proportion of total revenue at many local aviation businesses, meaning losses caused by the pandemic have not yet been recouped. Vietnam’s aviation sector also witnessed many disturbances in 2023 that will change the air transport market share. The global air transport market is expected to recover to pre-Covid-19 levels in 2024. However, it has been forecast that the Asia-Pacific region’s recovery will be 1-2 points lower than pre-pandemic levels due to the ongoing global economic decline, Russia - Ukraine tensions, and the Israel - Hamas conflict posing major risks to air transport.