VietJet Aviation Joint Stock Company Overview
Pro stress-test →VietJet Aviation engages in the provision of domestic and international air transportation services, with offerings including in-flight services, cargo, baggage services, and duty free. Founded in 2007 and based in Hanoi, Vietnam, the airline has emerged as a leading low-cost carrier in Southeast Asia with aggressive expansion plans.
Strategic Profile
Pro stress-test →As a Vietnamese low-cost airline, VietJet focuses on operating flight services and providing air transportation services. The airline received 22 new aircraft in 2025 and signed a landmark agreement with Airbus to purchase 100 A321neo aircraft, valued at $3.8 billion including engines. The company is positioned for significant growth through fleet expansion and international market penetration.
Competitive Landscape
Pro stress-test →Vietnam Airlines is a primary competitor based in Hanoi, Vietnam. VietJet competes as Southeast Asia's largest budget carrier, differentiating through lower fares, expanded route coverage, and fleet modernization. Regional competitors include AirAsia and Thai carriers, with legacy carriers Vietnam Airlines and Bangkok Airways operating at higher price points.
Industry Context
VietJet Aviation Joint Stock Company operates in Airlines / Aviation Services.
Key facts
Founded: 2007 · Headquarters: Hanoi, Vietnam · Employees: 6,700 · Revenue: $2.9B · Market cap: $1.83B