Vietjet outperforms in Q2: major orders, ground service growth, Long Thanh win
Highlights of the quarter include major aircraft orders, expansion of ground self-service operations, and a successful bid for a key development project at Long Thanh International Airport, which is poised to be Vietnam’s new major aviation hub.
HCM City (VNA)🦂 – Vietjet Aviation Joint Stock Company (HOSE: VJC) has reported robust business results for the second quarter of 2025, exceeding expectations and marking significant milestones.
Highlights of the quarter include major aircraft orders, expansion of ground self-service operations, and a successful bid for a key development project at Long Thanh International Airport, which is poised to be Vietnam’s new major aviation hub.
According to the Q2 financial report, Vietjet recorded aviation revenue of 17.681 trillion VND (approximately 673.9 million USD) and a pre-tax profit of 775 billion VND (approximately 29.57 million USD), reflecting a 52.3% year-on-year increase.
Total consolidated revenue reached 17.885 trillion VND (approximately 682.29 million USD), with pre-tax profit climbing to 815 billion VND (approximately 31.09 million USD), representing a remarkable year-on-year growth of 151.5%. Ancillary revenue contributed more than 6.893 trillion VND (approximately 262.98 million USD), significantly boosting overall revenue.
For the first half of 2025, Vietjet reported aviation revenue of 35.6 trillion VND (approximately 1.35 billion USD) and a pre-tax profit of nearly 1.6 trillion VND (approximately 61.04 million USD), up 37% year on year. Consolidated revenue reached 35.8 trillion VND (approximately 1.36 billion USD), with pre-tax profit exceeding 1.6 trillion VND (approximately 61.04 million USD), marking a 65% year-on-year increase.
Vietjet Thailand recorded revenue of over 223 million USD in the first half of the year.
By the end of Q2 of 2025, the airline operated a total of 189 routes, including 154 routes operated by Vietjet and 35 routes by Vietjet Thailand.
In the first six months of 2025, Vietjet, including Vietjet Thailand, transported 17.7 million passengers on 99,202 flights. The total cargo volume transported reached nearly 65,200 tonnes in H1.
As of June 30, 2025, Vietjet's total assets exceeded 112.33 trillion VND (approximately 4.28 billion USD). The airline maintained a debt-to-equity ratio of 1.76 and a liquidity ratio of 1.44, signalling strong financial health cash reserves, bank deposits, cash equivalents and short-term investments surpassed 9.001 trillion VND (approximately 343.15 million USD), supported by working capital credit lines that ensured adequate liquidity.
The airline maintained a technical reliability rate of 99.53% and was once again recognised by AirlineRatings as "World’s Best Ultra Low-Cost Carrier”, while also being ranked among the safest airlines globally.
Strategic expansion
By the end of Q2 this year, the airline operated a total of 189 routes, including 154 routes operated by Vietjet and 35 routes by Vietjet Thailand. (Photo: Vietjet)
Q2 of 2025 marked a new milestone in Vietjet's strategy to expand its international network. The airline launched direct flights from Nha Trang to three major cities in Russia: Vladivostok, Khabarovsk, and Blagoveshchensk.
In China, the airline introduced new services linking Hanoi and Ho Chi Minh City with Beijing, Guangzhou, and Shanghai, addressing the growing demand for travel and trade. Vietjet also expanded its footprint in India, Japan, Singapore and increased domestic flight frequencies in selected airports.
Investment in modern fleet
In addition to its strong performance, Vietjet advanced its fleet development with major aircraft investments. During French President Emmanuel Macron’s visit to Vietnam, the airline ordered 20 additional A330neo widebodies from Airbus, raising its total to 40, the largest A330neo order globally.
At the 2025 Paris Air Show, Vietjet also signed the show’s largest deal with an order for 100 A321neo aircraft and 50 purchase options, ranking it among the world’s top 10 airlines by order volume.
Ground self-service expansion, Long Thanh project win
Vietjet has extended its in-house ground handling operation to major Vietnamese airports, enhancing service quality, operational efficiency, and passenger experience. The airline also secured government approval for its winning bid to invest in and build Aircraft Maintenance Facilities No.3 and No.4 at Long Thanh International Airport – key components of a national maintenance hub for the airport’s first phase.
Vietjet posted strong performance in H1 of 2025, achieving 78% and 75% of its full-year separate and consolidated pre-tax profit targets, respectively. These strategic milestones strengthen Vietjet’s internal capabilities and position the airline for continued growth and sustainable development in the second half of 2025./.
From 0:00 on July 23 to 23:00 on July 25, thousands of Eco tickets priced from only 0 VND (Excluded taxes and fees) are available for sale on the website www.vietjetair.com and the Vietjet Air mobile app.
The service departs from Hanoi at 9:25 pm every Monday, Wednesday, Friday, and Sunday, and arrives in Xi’an at 1:10 am the following day. The return flight leaves Xi’an at 2:10 am every Monday, Tuesday, Thursday, and Saturday, and lands in Hanoi at 4:10 am (local time).
Under the new system, passengers without checked luggage simply check in via VNeID or a kiosk, undergo facial recognition at security, and board by scanning their face. Those with baggage drop it at a counter before entering the same automated flow.
Vietnam values its international partnerships, including with the UK, Finance Minister Nguyen Van Thang noted, urging UK companies, funds and financial institutions, and those from Europe and worldwide, to continue expanding investment, transferring know-how, sharing management experience and advancing green finance and technology to realise Vietnam’s sustainable development vision.
Vietnamese Minister of Finance Nguyen Van Thang expressed gratitude for the UK’s active role in supporting Vietnam’s efforts to draft a National Assembly resolution on creating an international financial centre. The City of London, he noted, provided pivotal insights and recommendations to shape the groundwork and development roadmap for this hub.
Vietnam is ready to deepen economic cooperation with the Association of Southeast Asian Nations (ASEAN), China and other partners, embracing a strategy of “harmonised interests and shared risks” as it leverages its fast-growing economy and market of over 100 million people.
Tay Ninh, Nghe An and Quang Tri provinces have strategic locations and significant cooperation potential, said Nguyen Thi Thai Binh, Minister-Counsellor at the Vietnamese Embassy, expressing confidence that with creativity and determination, these provinces and their Korean partners will find ample opportunities for productive collaboration.
Jointly organised by the Vinexad National Trade Fair and Advertising JSC and Yorkers Exhibition Service Vietnam, the event features 1,200 booths of more than 650 exhibitors from 20 countries and territories, including Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Singapore, Switzerland, Thailand, and the US.
Public investment should serve as a key driver of growth, acting as seed capital to catalyse and mobilise all social resources, thereby fostering economic expansion, creating jobs and livelihoods, and improving the material and spiritual well-being of the people, PM Pham Minh Chinh stated.
An official of the Foreign Trade Agency laid stress on the foundational role of rules of origin in international trade, highlighting the importance of capacity building for enforcement officers in the context of deep international integration.
Against the backdrop of the growing comprehensive strategic partnership between Vietnam and Russia, the promotion and export of Vietnam’s agricultural products not only diversify supply sources for the Russian market but also help enhance the brand values and competitiveness of Vietnamese enterprises in the market that remains untapped.
International trade is no longer merely an exchange of goods but a strategic lever enabling Vietnamese enterprises to enhance capacity, secure partnerships, and expand globally.
In the first eight months of 2025, Vietnam’s total trade value reached nearly 600 billion USD, up 16.3% year on year. Of this, exports stood at 306 billion USD, a 14.8% increase, already surpassing the full-year target.
Vietnam aims to maintain macroeconomic stability, control inflation below the target, achieve growth of 8.3-8.5%, ensure major economic balances, surpass budget revenue estimates by 25%, and control public debt, government debt, foreign debt, and budget deficit.
Reaffirming Vietnam’s commitment to foreign investors, Finance Minister Nguyen Van Thang said government policies always aim to ensure transparency, fairness and a mutually beneficial environment that promotes innovation and safeguards investor rights, making Vietnam a sustainable and long-term investment destination.
The State Bank of Vietnam must launch an official gold price information portal, study the establishment of gold exchanges, and issue guiding documents to implement the Government’s decree on the management of gold trading activities.
According to the World Bank Group, Vietnam will need approximately 368 billion USD in investment for climate adaptation and carbon reduction projects by 2040. Yet, as of the end of 2024, green credit accounted for just 4.5% of the country’s total outstanding loans.
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimise production process, control supply chain, and meet consumers’ demands.
The French side pledged to share technical guidelines and safety standards, with the Institute for Radiological Protection and Nuclear Safety (IRSN) ready to provide training for Vietnamese specialists.
Vietnam now has more than 940,000 private enterprises and over 5 million household businesses, contributing approximately 50% of GDP, over 30% of state budget revenue, and employing 82% of the national workforce.
