Vietjet charts bold growth path with record performance, new int’l routes, and fleet expansion

Vietjet Aviation Joint Stock Company held its 2025 Annual General Meeting (AGM) on May 30, outlining its strategic priorities for sustained growth within the next decade Key initiatives include continued flight network expansion, long-term fleet investments, and further digital innovation

Vietjet charts bold growth path with record performance, new international routes, and fleet expansion

Strong financial growth and global expansion

The meeting highlighted Vietjet’s record-breaking performance in 2024, driven by an expanded international route network and increasing passenger demand. The airline safely operated 137,500 flights, carrying over 25.9 million passengers (excluding Vietjet Thailand), including more than 9 million international travellers—a year-on-year growth of 18%.

It launched 20 new routes in 2024, expanding its total network to 145 routes, including 101 international and 44 domestic services. Notably, Vietjet became the first airline to directly connect Vietnam with all five of Australia’s largest cities, and continues to lead the connectivity between Vietnam and India, China, South Korea, and Japan.

During 2024 and early 2025, the Vietnamese airline has strengthened its operations in India, now operating 10 routes with 78 weekly flights between the two countries. Vietjet’s network is connecting major Indian cities—New Delhi, Mumbai, Ahmedabad, Kochi, Hyderabad and Bengaluru—to key Vietnamese destinations—Ha Noi, Ho Chi Minh City and Da Nang. With its extensive route map and affordable fares, Vietjet has quickly grown into a preferred carrier for Indian travellers.

According to audited financial statements, Vietjet posted consolidated revenue in 2024 exceeding VND72.045 trillion (approx. US$2.77 billion), with pre-tax profit reaching over VND1.823 trillion (approx. US$70.17 million). Parent company revenue was VND71.734 trillion (approx. US$2.76 billion) with pre-tax profit of VND1.748 trillion (approx. US$67.27 million). By year-end 2024, total assets stood at nearly VND99.3 trillion (approx. US$3.82 billion), while key financial ratios – a debt-to-equity ratio of 2.03 and a liquidity ratio of 1.58 – remain strong by industry standards.

Growth vision for next decade

Entering 2025, Vietjet marked a milestone in its journey by operating its first flight from Vietnam to the United States. To support its growth ambitions, the airline also announced a long-term agreement with Airbus in May 2025 to purchase 20 additional A330neo wide-body aircraft, increasing its total order of the type to 40.

At the AGM, Vietjet Chairwoman Dr. Nguyen Thi Phuong Thao reaffirmed the airline’s commitment to becoming a key global aviation player: “Vietjet is not just a pioneering airline but a modern, flexible multinational carrier with a mission to deeply integrate into the global economy. It remains committed to bridging Vietnam with the world—connecting economies, cultures, and communities—while making air travel more accessible for millions through safe, budget-friendly, quality service and continuous innovation.”

Vietjet welcomes first passengers on inaugural flight from Singapore to Phu Quoc

New international routes strengthen regional footprint

As part of its 2025 expansion strategy, Vietjet has launched a new international route connecting Phu Quoc, Vietnam’s premier beach destination, with Singapore, one of the Asia-Pacific’s leading travel and business hubs. The service commenced on May 30 and operates four return flights weekly. With a flight time under two hours, the new route offers seamless and convenient access between two of Asia’s most dynamic destinations.

This launch brings Vietjet’s operations between Vietnam and Singapore to 78 flights per week, spanning four routes connecting Phu Quoc, Ho Chi Minh City, Hanoi, and Da Nang to Singapore. To mark the occasion, the airline is offering exclusive Friday fares starting from just ₹11 (excluding taxes and fees) for all international routes, valid for travel through December 31, 2025.