SOUTHEAST ASIA AND THE PACIFIC ISLANDS
Vietnam
Vietnam Airlines and VietJet drive one of Asia's fastest-growing markets, with the new Long Thanh airport near Ho Chi Minh City.
Market overview
Vietnam is one of Asia's fastest-growing air markets. Passengers reached a record 83.5 million in 2025, up 10.7%: 46.6 million international and 36.9 million domestic. About 95 million are expected in 2026. The government wants 278 million passengers a year by 2030. It plans about US$18 billion of airport investment by 2030, for a design capacity of 294.5 million passengers, and growth from 22 airports today to 30. Vietnamese airlines operate about 220 aircraft, and Vietnam Airlines plans to grow from 103 aircraft to 137 by 2030 and 170 by 2035. The biggest gap is maintenance. Only about 23% of MRO demand is handled in the country and 77% goes abroad, while the regulator expects total MRO demand of US$7.4 billion by 2030. For suppliers, the openings are in MRO hangars and approvals, engine and component repair, airport systems for new terminals, and training for fast-growing airlines.
At a glance
- Main hubs
- Hanoi Noi Bai; Ho Chi Minh City Tan Son Nhat; Da Nang
- Flag carrier
- Vietnam Airlines
- Airport operator
- Airports Corporation of Vietnam (ACV) ↗
- Training body
- Vietnam Aviation Academy
One of Asia's fastest-growing marketsnew Long Thanh airportfleet growthparts suppliers
Key facts
- 83.5 million air passengers in 2025, up 10.7%: 46.6 million international and 36.9 million domestic (Jan 2026).
- About 95 million passengers and more than 1.6 million tonnes of cargo projected for 2026 (Jan 2026).
- 22 airports now, with targets of 30 by 2030 and 33 by 2050. About US$18 billion of airport investment is planned by 2030 (US Commerce, Mar 2026).
- Vietnam Airlines: 103 aircraft in 2024, with targets of 137 by 2030 and 170 by 2035 (Mar 2026).
- About 77% of MRO demand is sent abroad. The regulator expects US$7.4 billion of MRO demand by 2030 (Mar 2026).
Key figures
Passengers carried (2023)
55,114,832
2023 · rank 10 of 52
2019–2023
Air freight, million tonne-km (2023)
928
2023 · rank 17 of 52
2019–2023
Source: World Bank, World Development Indicators (CC BY 4.0).
Did you know
Vietnam is one of Asia's fastest-growing air markets.
Typical bottlenecks in Vietnam
- Opening a new airport or terminal — Airports & ground operations · Regulation & certification
- Building local maintenance capability — Airworthiness & CAMO · Quality, safety & compliance
- Planning fleet growth and new routes — Fleet & asset management · Airline strategy & business plans
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