Vietnam

According to Vietnam Airlines' financial report, in Q3 2026, its parent airline company recorded: After-tax loss of around $11 million USD, down from a profit of $16 million USD in Q3 2025 Fuel expenses increased by 61.1% YoY (around $169.4 million USD), driven by Middle East geopolitical tensions Fuel expense increases outpaced the $147 million USD rise in revenue and other income International revenue rose nearly 27% YoY, whilst domestic revenue fell 8.4% Consolidated Q3 2026 group results (airline & subsidiaries) are reported as: Net revenue of around $1.52 billion USD (+28.7% YoY) Cost of goods sold of $1.40 billion USD Gross profit of $111.2 million USD, (-24.6% YoY), gross profit margin narrowed to 7.3% (from 12.5%) Financial revenue rose over 100% to $24.6 million USD, financial expenses fell 41% to $20.4 million USD After-tax profit reached $12.4 million USD, -56.4% YoY From Jan-Sep 2026, Vietnam Airlines recorded: Revenue of around $4.44 billion USD (+28% YoY), achieving 82.4% of the full-year target After-tax profit of around $161.8 million USD, -41.8% YoY The airline operated over 122,000 flights (+4.3% YoY), carrying over 20 million passengers (+4.3%) Under its 2021-2035 sustainable development plan, the airline will restructure its assets and financial portfolio while focusing 2026-2030 resources on its fleet, digital transformation, and infrastructure at Long Thanh International Airport

Phu Quoc Airport has opened its new 3,300-metre, ICAO Code E-compliant Runway 2 for commercial operations, allowing Runway 1 to close for a 6-month extension to 3,500 metres until May 2027. Construction of Terminal 2, featuring smart biometric tech and an 8km automated baggage system, is over 90% complete on its ground floor and set to open alongside Runway 1 in May 2027, while a standalone 9,890 sqm VIP terminal designed by Marco Casamonti will complete by late Mar 2027

Vietjet is set to launch a Hanoi-Ca Mau route on 29 Nov 2026, operating at least 3 weekly flights using A320/A321 aircraft. Ca Mau Airport is undergoing a nearly $92.97 million USD upgrade project, which is currently in its final preparation stage. Under its expansion plan, the level 4C airport aims to handle 1 million passengers and 1,000 tonnes of cargo annually by 2030, increasing to 3 million passengers and 3,000 tonnes of cargo by 2050

According to the Civil Aviation Authority of Vietnam (CAAV), over 110 million passengers passed through Vietnamese airports from Jan-Oct 2026 (+10% YoY). This total comprised nearly 43 million international travelers (+11%) and nearly 68 million domestic passengers (+9%). Domestic carriers accounted for over 50 million total passengers (+7%), transporting more than 16 million international (+2%) and nearly 34 million domestic travellers (+9%). The CAAV has urged Vietnamese airlines to expand and restore domestic routes to boost socio-economic development, regional connectivity, and infrastructure efficiency

Vietjet has launched a new direct route operating 4 weekly round-trip flights between Hanoi and Tainan. The airline has also resumed the only non-stop service between HCMC and Chiang Mai, running 4 times weekly. Through Jan 2027, Vietjet plans to add routes from Hanoi and HCMC to Cebu and Clark, Da Nang to Osaka (Kansai), HCMC to the Maldives, and a second Sydney service via the new Western Sydney Airport

During the Northern winter 2026/27 season, Jin Air plans to launch a new daily non-stop route between Seoul Incheon and HCMC starting 24 Dec 2026

Gia Lai province is seeking Vietnamese government approval to trial unmanned electric vertical takeoff and landing (eVTOL) flying taxis near Quy Nhon from Oct 2026 through Dec 2028. Utilising 1 or 2 corporate-supplied vehicles, the trial will test Advanced Air Mobility technology, emergency response, and search-and-rescue capabilities across 2 primary water-facing flight corridors, including a 3.4km route between the Children's Park and the marina, and a 22km link between Phu Cat Airport and Cat Tien Commune. Utilising 1 to 2 partner-provided vehicles to evaluate small-group transport between major hubs, this aerial mobility corridor aims to transform Gia Lai's regional transit links, cut travel times, and offer visitors novel travel experiences. The project will rely on public funding for oversight and infrastructure, with participating businesses handling vehicles and maintenance, following a similar controlled testing proposal put forward by Hanoi at the Hoa Lac Hi-Tech Park

Following two BIGBANG concerts on 24-25 Oct that drew over 90,000 fans to Hanoi’s My Dinh Stadium, airfares and hotel demand spiked significantly, with Trip.com reporting a 74% rise in flight bookings and a 15-fold increase in bookings for nearby hotel stays. The platform also recorded rising demand for accommodation near My Dinh Stadium, leaving numerous hotels within a 3-kilometre radius fully booked from late Jul. By 26 Oct, direct flights from Hanoi to Da Nang were completely sold out, while Hanoi-HCMC fares rose to between 4.2-8.4 million VND, well above the standard 2.5 million to 3 million VND rate, with some passengers forced onto connecting routes or premium cabin options. Fares eased across all major domestic routes on 27 Oct, with Hanoi-HCM flights dropping back to 2.2 million-2.7 million VND and return routes to Hanoi averaging 1.5 million VND

The Ministry of Construction has warned in an 20 Oct report that 4 construction packages at Long Thanh International Airport, including the passenger terminal, internal roads and technical infrastructure, Cargo Terminal No. 1, and the parking building, risk missing their targets ahead of planned partial operations on 24 Dec. Although the main investor Airports Corporation of Vietnam (ACV) reports component project 3 is 86.03% complete by value and passenger terminal construction stands at 86.85%, progress is being hindered by contractor staff shortages, slow paperwork delaying payments, and a severe deficit of 100,000 tonnes of asphalt concrete. Additionally, 16 of the terminal's 51 integrated load-test scenarios remain unapproved, and incomplete testing at the energy centre threatens its critical November deadline. Consequently, the ministry has urged ACV to enforce contractual compliance for workforce and material commitments while rapidly resolving payment and design disputes across the $13 billion USD, 5,000-hectare project, which is designed to handle 25 million passengers and 1.2 million tonnes of cargo annually in its first phase

Sun PhuQuoc Airways has revised its schedule for the Northern winter 2026/27 season, expanding its Southeast Asian operations and adjusting services to China. Service between Phu Quoc and Bangkok Suvarnabhumi will increase from 7 to 10 weekly flights from 17 Nov 2026. From 1 Dec, flights between Phu Quoc and Kuala Lumpur will double from once to twice daily using A321neo aircraft. For China, the Phu Quoc to Chengdu Tianfu route will be reduced from 3 weekly flights to 1 every 4-5 days between 31 Oct 2026 and 12 Jan 2027. Additionally, a new route from Phu Quoc to Shenzhen will launch on 24 Nov 2026 operating 3 weekly flights with A320neo aircraft, following a delay from its originally planned launch date of 27 Oct 2026

In Nov 2026, Sun PhuQuoc Airways plans to launch services connecting Phu Quoc to Russia and Kazakhstan. Beginning 1 Nov 2026, the airline will operate daily A321LR flights to Almaty alongside 4-weekly A330-200 flights to Astana. Starting 2 Nov 2026, service to Moscow Sheremetyevo will operate 6 times weekly using an A330-200, temporarily reducing to 4 weekly between 14-28 Nov 2026

During a state visit to Denmark by Vietnamese President To Lam, Vietnam Airlines exchanged 3 MoUs with Copenhagen Airport, Scandinavian Airlines (SAS), and Danish Industry (DI) to strengthen air links and business ties with the Nordic region. The carrier aims to explore new non-stop routes and higher flight frequencies with Copenhagen Airport. Simultaneously, the agreement with SAS opens possibilities for codeshare services, cargo, and frequent flyer cooperation, while the MoU with DI connects the airline directly to Denmark's business community to boost trade, corporate travel, and potential membership in the organisation

On 19 Oct 2026, Quang Tri province signed 2026-2030 cooperation agreements with Airports Corporation of Vietnam (ACV) and T&T Group to develop its airport infrastructure, expand domestic services, and attract international charter flights. The strategy relies on developing Dong Hoi and Quang Tri airports as complementary hubs for passengers and eco-friendly freight, backed by a $18.3 million USD provincial investment to build a connecting road to National Highway 1 and the coast. Commercial operations at Quang Tri Airport are scheduled to start on 15 Mar 2027 following its first technical flight on 15 Oct 2026, while ACV plans to launch Terminal 2 at Dong Hoi Airport on 26 Mar 2027, boosting its annual passenger capacity from up to 600,000 to 3 million

Vietjet has applied to the Australian Civil Aviation Safety Authority (CASA) for an Air Operator Certificate (AOC) to launch a domestic airline called Cherrie Air, planning to operate up to 10 Boeing 737 aircraft on key routes between Sydney, Melbourne, and Brisbane. While a Vietjet Boeing 737 MAX 8 (VH-T8A) is already registered to Melbourne-based Cherrie Aviation, full regulatory approval is still required before commercial flights can commence. Alongside its existing international routes connecting Vietnam with Sydney, Melbourne, Brisbane, and Perth, Vietjet aims to expand further by becoming the third international carrier at Western Sydney International Airport, launching twice-weekly flights to HCMC from 10 Jan 2027. Additionally, at the Farnborough International Airshow 2026, Vietnam Airlines agreed to lease 19 Boeing 737 MAX 8 aircraft, bringing its total planned MAX 8 fleet to 69

On 15 Oct 2026, the UK Commercial Court issued a worldwide freezing order against VietJet Aviation after aircraft finance company FW Aviation Holdings Limited (FWA) sought to recover over $250 million USD stemming from defaulted 2018-2019 JOLCO lease agreements for 4 Airbus A321 aircraft. Despite FWA repossessing the aircraft in Dec 2022 and securing a Apr 2025 court order for $181.5 million USD in unpaid rent and termination fees, the debt remained unpaid. The court cited a real risk of VietJet dissipating assets, pointing to suspicious arrangements that transferred the value of its Dec 2024 order book to related entity Angelica Holding Limited for "wholly illusory" returns, alongside concerns over VietJet's prior evidence, a separate decision on 30 Sep 2026 also deemed appointing receivers over VietJet's overseas assets appropriate in principle, though the freezing order does not cancel its current aircraft orders

Sun PhuQuoc Airways plans to launch a regular scheduled service between Phu Quoc and Ahmedabad on 2 Dec 2026, initially operating 5 times weekly using an A321neo, increasing to daily flights from 2 Feb 2027

Azerbaijan and Vietnam are evaluating the establishment of direct air links following an 16 Oct meeting between the Chairman of Azerbaijan Airlines (AZAL), and representatives from Vietjet Air, Sovico Group, and Vingroup. The discussions centered on potential Vietjet Air flights connecting Vietnam to Baku and regional Azerbaijani airports, though specific locations, commercial terms, and schedules remain undisclosed

During the Northern winter 2026/27 season, Iranian carrier Mahan Air is doubling its service from Tehran to both Hanoi and HCMC from fortnightly to weekly flights, using A340-300 aircraft. Service to HCMC increases to weekly starting 25 Oct 2026, followed by the Hanoi route on 27 Oct 2026

Starting 3 Nov 2026, Vietnam Airlines will launch 4 weekly direct round-trip flights between Hanoi and Ahmedabad using A321 aircraft. Marking Ahmedabad as its fifth Indian destination, alongside Delhi, Mumbai, Bengaluru, and Hyderabad, the new route expands the airline’s Indian network to 7 routes and 25 weekly round-trip flights to serve growing bilateral trade and tourism. India currently ranks as Vietnam’s eighth-largest international market, with over 670,000 Indian tourists visiting Vietnam from Jan-Sep 2026 (+33% YoY)

Vietnam Airlines plans to resume its Hanoi-Hangzhou service on 22 Nov 2026, operating 4 weekly flights on A321s

On 10 Oct, Vietjet Air launched a twice-weekly Prague-Hanoi service, establishing its first European route and the first regular connection between the 2 cities in modern Czech history. The route incorporates a scheduled 90-minute stopover in Almaty (Kazakhstan), which passengers can also book independently. The route is projected by Prague Airport to transport over 67,000 passengers in its first year whilst providing broader onward connections across Asia

After a year-long closure for expansion, Ca Mau Airport is set to resume commercial flights on 29 Nov. Vietnam Airlines will launch a daily HCMC-Ca Mau service using an A321, while a direct Hanoi route remains a top priority. Construction on the terminal is over 95% complete, and successful test flights confirmed the airport's secondary radar systems meet International Civil Aviation Organisation standards. Upgraded as a 4C facility, the airport is designed to handle 1 million passengers and 1,000 tonnes of cargo annually under its 2021-2030 master plan, with capacity projected to expand to 3 million passengers and 3,000 tonnes by 2050

During an official visit to Laos and Cambodia by the Vietnamese Prime Minister, Vietnam Airlines signed key agreements with the Lao Association of Travel Agents (LATA) to co-promote cross-border tourism and the Cambodia Airport Investment Company (CAIC) to explore increasing flight frequencies to Techo International Airport and opening new routes. Vietnam Airlines currently operates 2 routes to Laos (12 weekly flights) and 4 to Cambodia (25 weekly flights), carrying around 103,500 and 262,400 passengers on these respective routes from Jan-Sep 2026. Vietnam Airlines aims to leverage its international routes to drive seamless, multi-stop itineraries across Indochina

Cebu Pacific will resume its Clark-Hanoi service 3 times weekly from 19 Nov 2026, the only direct flight to Vietnam from Clark

Effective from 1 Oct, Etihad Airways has expanded its codeshare partnership with Vietnam Airlines to cover additional routes via Hanoi, servicing flights operated by Vietnam Airlines between Hanoi and Busan, Fukuoka, and Kaohsiung

Vietjet will launch its Cebu-Hanoi route on 10 Nov 2026 and Cebu-Ho Chi Minh City on 11 Nov 2026. Mactan-Cebu International Airport handled 7,355,524 passengers in Jan-Jul 2026, including 1,930,856 international passengers (+14% YoY), according to the Cebu Provincial Tourism Office