Investments

Vietnamese Airlines Aim for Double-Digit Growth by 2026

Vietnam's aviation sector is poised for a remarkable year in 2026, with the Civil Aviation Authority of Vietnam forecasting a significant surge in growth. The industry aims to transport 95 million passengers and 1.6 million tons of cargo, representing a 13% increase in passenger traffic and a 15% rise in cargo volume compared to 2025.

Administrator

5 December, 2025

2025 Surpasses Expectations

According to the Vietnam Aviation Authority, the first 11 months of 2025 saw the total passenger market reach over 69 million, a nearly 11% increase, and over 1 million tons of cargo, an 18% rise compared to the same period in 2024.

Domestic transportation accounted for nearly 31 million passengers and approximately 187 thousand tons of cargo, reflecting a 7% increase in passengers and stable cargo volumes. International transportation showed more impressive results, with over 38 million passengers (up 13%) and more than 1 million tons of cargo (up nearly 23%).

For the entire year of 2025, Vietnam’s aviation market is projected to handle around 84 million passengers and 1.4 million tons of cargo, marking an 11% and 18% increase, respectively, compared to 2024.

Strong Growth Drivers for 2026

The Vietnam Aviation Authority anticipates that 2026 will be a year of robust growth for the industry. The National Assembly’s approval of a GDP growth target of 10% or higher is expected to provide a significant macroeconomic boost.

Internally, the implementation of the new Civil Aviation Law and updated policies will create favorable conditions for market development. Notably, strategic infrastructure projects such as the Long Thanh International Airport and accelerated progress on Gia Binh and Phu Quoc airports will enhance operational capacity.

However, the Authority also highlights the need to address risks stemming from political instability, economic trade tensions, armed conflicts, and unpredictable fluctuations in fuel prices, exchange rates, and interest rates, all of which could impact airline operations.

Supportive Development Measures

To establish a solid foundation for the aviation industry’s growth, the Vietnam Aviation Authority recommends that the Ministry of Construction and relevant authorities prioritize investment in expanding aviation infrastructure, particularly at major airports, to alleviate congestion.

The regulatory body also proposes tax incentives, fee reductions, and favorable credit interest rates for Vietnamese airlines to support corporate restructuring. Additionally, extending visa waivers and developing tourism attraction strategies are suggested to stimulate demand.

Regarding flight safety, the Authority advocates for expedited legal reforms, prioritized investment in CNS/ATM equipment, weather monitoring systems, stringent airspace control, and the integration of digital technology for enhanced safety oversight.

Vũ Hạo

– 09:52 04/12/2025