Airplane orders in Southeast Asia to surge in next 20 years
Orders for smaller planes will soar worldwide in the next 20 years, driven by the needs of budget airlines in emerging markets like Southeast Asia, according to aircraft manufacturer Boeing.
Boeing said orders for smaller planes will soar worldwide in the next 20 years, driven by the needs of budget airlines in emerging markets like Southeast Asia (Photo: AFP/VNA)
Hanoi (VNA) – Orders for smaller planes willsoar worldwide in the next 20 years, driven by the needs of budgetairlines in emerging markets like Southeast Asia, according to aircraftmanufacturer Boeing.
Nearly three-fourths of the 41,030 newcommercial planes worth 6.1 trillion USD are expected to be delivered inthe period.
Southeast Asia is one of the world'sfastest-growing regions for budget air travel, with an expanding middle class driving atravel boom.
Boeing said it has raised its forecast for thenumber of new aircraft to be delivered in Southeast Asia in the next twodecades to 4,210, up 460 from last year's prediction.
Passenger traffic growth in most of the regionis in double digits, especially in Malaysia, Vietnam, Thailand and Indonesia,according to Dinesh Keskar, Boeing's senior vice presidentfor Asia-Pacific and India sales.
He said 39 percent of all new planes in the nexttwo decades will be destined for Asia, trailed by 21 percent for NorthAmerica and 19 percent for Europe.
He added the company remains optimistic despiteconcerns about overcapacity as Southeast Asian governments build newairports and improve existing ones.-VNA
Malaysia has begun construction of a new Kuala Lumpur Air Traffic Control Complex with an investment capital of 146 million USD, the local New Straits Times reported on February 14.
Thai governmental agencies and investment organisations are working with public and private partners to turn Thailand into Asia’s next major aviation centre.
Airlines transported an estimated 52.2 million passengers in 2016, up 29 percent from the previous year, according to a report by the Civil Aviation Administration of Vietnam.
UK Ambassador to Vietnam Giles Lever said on August 29 that British businesses want to participate in the expansion of Tan Son Nhat International Airport in Ho Chi Minh City.
Unless city authorities restructure Noi Bai International Airport soon, it will face serious overloading over the next few years, Minister of Transport Truong Quang Nghia warned at a recent meeting.
Total trade between Indonesia and New Zealand in the first half of 2025 reached 963.23 million USD, an increase of 21.56% compared to 792.39 million USD in the same period last year. Of this amount, Indonesia's exports to New Zealand totaled 374.89 million USD, while imports 588.35 million USD
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
The 2025 ASEAN Business Community Development (ABCD) Forum, themed “Empowering ASEAN's Next Leap: Digital, Sustainable & Entrepreneurial Transformation” brought together ministers, CEOs, and top industry experts to discuss key regional economic priorities.
The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Boeing said orders for smaller planes will soar worldwide in the next 20 years, driven by the needs of budget airlines in emerging markets like Southeast Asia (Photo: AFP/VNA) 
