VIETJET AVIATION JOINT STOCK COMPANY

VIETJET AVIATION JOINT STOCK COMPANY, commonly known as VietJet Air, is one of Vietnam’s largest and most dynamic low-cost carriers (LCCs). Established on July 23, 2007, the airline has rapidly expanded its footprint in both domestic and international markets, offering affordable air travel solutions while maintaining a strong focus on operational efficiency and customer service. The company is headquartered in Hanoi, Vietnam, with additional offices in Ho Chi Minh City and Da Nang. As a publicly held company, VIETJET AVIATION JOINT STOCK COMPANY is listed on the Ho Chi Minh Stock Exchange (HOSE) under the stock symbol VJC, reflecting its strong market presence and investor confidence.

In 2023, VIETJET AVIATION JOINT STOCK COMPANY reported significant financial growth, with total assets increasing by 27.76% to USD 3.57 billion. The company also achieved USD 2.4 billion in sales, reflecting a 45.34% growth compared to the previous year. While profits rebounded strongly, reaching USD 9.51 million, the airline continues to navigate challenges in fuel price fluctuations, regulatory requirements, and evolving consumer demand. VANGUARD BUSINESS INFORMATION LLC (VBI) provides financial insights and market analysis on leading companies like VIETJET AVIATION JOINT STOCK COMPANY, enabling investors, suppliers, and stakeholdersto assess industry trends and strategic opportunities in Vietnam’s aviation sector.

As a leading passenger and cargo airline, VIETJET AVIATION JOINT STOCK COMPANY specializes in low-cost air travel, aircraft leasing, and in-flight advertising services. The company also engages in aircraft trading and related asset management, reinforcing its position as a key player in Vietnam’s aviation market. With a fleet of modern aircraft and extensive route networks across Asia and beyond, VIETJET AVIATION JOINT STOCK COMPANY continues to expand its operational capacity. VBI’s aviation industry reports highlight the airline’s role in driving Vietnam’s air transport development, offering key insights into fleet expansion, profitability, and strategic investments.

VIETJET AVIATION JOINT STOCK COMPANY is led by Chairwoman Nguyen Thi Phuong Thao, a highly influential figure in Vietnam’s business and aviation sectors. Major shareholders include Sunflower Sunny Investment Company Limited (28.57%), Nguyen Thi Phuong Thao (8.76%), and Sovico Holdings (7.59%), alongside other institutional and retail investors holding a 55.08% stake. This diverse ownership structure supports VIETJET AVIATION JOINT STOCK COMPANY’s long-term financial sustainability and market competitiveness. VBI’s business intelligence services offer in-depth analyses of corporate governance, investment risks, and shareholder influence, helping businesses make informed decisions when engaging with the airline.

Despite its strong market position, VIETJET AVIATION JOINT STOCK COMPANY faces challenges, including rising operational costs, fluctuating fuel prices, and global economic uncertainties. However, the company remains resilient, leveraging digital transformation, cost optimization, and strategic partnerships to maintain its competitive edge in Southeast Asia’s aviation market. VBI’s financial assessments provide key insights into the airline’s profitability and risk management strategies, enabling investors to navigate the opportunities and challenges in Vietnam’s airline industry.

As Vietnam’s aviation sector continues to grow, VIETJET AVIATION JOINT STOCK COMPANY is set to play a crucial role in shaping the future of affordable air travel. With a customer-centric business model, aggressive route expansion strategy, and strong financial backing, the airline remains a key contributor to Vietnam’s tourism and economic development. Businesses and investors looking for comprehensive market intelligence on VIETJET AVIATION JOINT STOCK COMPANY can rely on VBI’s industry reports, which provide valuable insights into market trends, financial performance, and investment prospects in Vietnam’s evolving aviation industry.