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Vietnam Airlines

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Vietnam Airlines

Pham Ngoc Minh, Chairman
Pham Ngoc Minh
Chairman
Airline Status
In-service
IATA Code
VN
ICAO Code
HVN
Corporate Address
200 Nguyen Son Str.,
Long Bien Dist.,
Ha Noi city,
VIETNAM
Website
http://www.vietnamairlines.com
Main hub
Ho Chi Minh City Tan Son Nhat Airport
Country
Vietnam
Business model
Full Service Carrier
Network
Domestic | International
Airline Group
Part of Vietnam Airlines Corporation
Frequent Flyer Programme
Lotusmiles
Alliance
SkyTeam
Joined Alliance
2010
Association Membership
BARA
IATA
Codeshare Partners
Air Europa Lineas Aereas
Air France
Alitalia
All Nippon Airways
Bangkok Airways
Cambodia Angkor Air
Cathay Pacific
China Airlines
China Eastern Airlines
China Southern Airlines
CSA Czech Airlines
Delta Air Lines
Etihad Airways
Finnair
Garuda Indonesia
Jet Airways
Jetstar Pacific
Kenya Airways
KLM Royal Dutch Airlines
Korean Air
Lao Airlines
Philippine Airlines
Qantas Airways
Vietnam Air Services (VASCO)

Based in Hanoi, Vietnam Airlines is the national airline of Vietnam and majority-owned by the Vietnamese government. Utilising a fleet of narrow and wide-body Airbus, Boeing, and ATR aircraft, Vietnam Airlines operates an extensive network of domestic and regional services within Southeast and North Asia and international services to Europe and Australia. Vietnam Airlines joined the SkyTeam alliance in 2010. Vietnam Airlines is undergoing a privatisation process, with the carrier aiming to secure foreign investors. On 04-Jul-2016, ANA Holding Inc completed the purchase of an 8.771% stake, allowing ANA to become a strategic shareholder. Vietnam Airlines stated it will continue to divest the state's shareholdings to 75%, with a further reduction to 65% under the company’s re-structure plan. The state continued the programme by listing the airline on the Hanoi Unlisted Public Company Market (UPCoM) under the ticker HVN on 03-Jan-2017.

Location of Vietnam Airlines main hub (Ho Chi Minh City Tan Son Nhat Airport)


 
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66 total articles

and

AirAsia initiates third attempt to launch Vietnamese JV; Vietnam maybe overburdened with LCCs

5-Apr-2017 10:40 PM

The AirAsia Group has forged a new joint venture in Vietnam, marking its third attempt to establish a Vietnamese affiliate. AirAsia was initially partnered with VietJet Air but the partnership was dissolved prior to VietJet commencing operations in late 2011.

The market has since more than doubled in size, and Vietnam has emerged as Southeast Asia’s fastest growing market. While there is further growth potential, the LCC incumbents VietJet and Jetstar Pacific have first mover advantage, and infrastructure constraints could make it difficult for any new entrant to establish a significant presence. AirAsia will also need to overcome regulatory hurdles.

Vietnam is the second largest market in Southeast Asia without an AirAsia affiliate - after Singapore, where the group has been able to develop a sizeable presence with a virtual hub. Vietnam is a market AirAsia strategically cannot avoid, but the group is late to the party and faces some of the same obstacles that have impacted its performance in the Philippines.

Australia-Vietnam growth rate to accelerate: Jetstar Airways and Vietnam Airlines launch new routes

7-Feb-2017 12:59 PM

The Australia-Vietnam market will experience a surge of capacity over the next few months as Jetstar Airways launches services to Ho Chi Minh from Melbourne and Sydney and Vietnam Airlines adds Sydney-Hanoi. There will be 24 weekly flights from Australia to Vietnam in Jun-2016, all with 787s, compared to only 14 weekly flights currently.

Jetstar Airways has not served Vietnam since 2012, when it dropped Darwin-Ho Chi Minh service. However, Vietnam is a strategically important market for the Jetstar Group, given its 30% stake in the fast growing Vietnamese LCC Jetstar Pacific. Vietnam Airlines owns a majority 70% stake in Jetstar Pacific and has a codeshare partnership with Qantas, although will compete with Jetstar in the Australia-Vietnam market.

Australia-Vietnam is a growing market with tremendous potential. However, the sudden influx of capacity will inevitably pressure already low yields. Load factors on Australia-Vietnam nonstop flights, which have improved significantly since Jetstar’s withdrawal in 2012, will also be pressured.

Bangkok Airways to expand in Vietnam with new exclusive service to Phu Quoc island

2-Feb-2017 9:31 AM

Bangkok Airways is pursuing expansion in Vietnamese market with a planned new service from Bangkok to Phu Quoc and upgrading Bangkok-Da Nang to daily. The Phu Quoc service will provide the island’s international airport, which opened four year ago, its second regular year-round international route after Guangzhou.

Phu Quoc is an increasingly popular visa free destination and a link to Bangkok should help the island’s tourism sector attract more international tourists, particularly from Europe. Bangkok Airways will provide access to Phu Quoc for its huge portfolio of codeshare partners, including its 10 partners in Europe and the Gulf.

The independent full service regional airline entered the Vietnam market in May-2016 with four weekly flights to Da Nang. The Da Nang route has been successful but Bangkok Airways is only keen to serve secondary points in Vietnam rather than the main cities of Hanoi or Ho Chi Minh, which are oversupplied from Bangkok and are already served by most of its partners.

Jetstar Pacific 2017 outlook: third consecutive year of 40% growth as 10 A320ceos are delivered

24-Jan-2017 10:00 AM

Vietnam’s Jetstar Pacific is planning more rapid expansion in 2017 as it takes delivery of 10 A320ceos that were ordered in 2016. The Vietnam Airlines-Qantas joint venture intends to use the 10 aircraft for a mix of growth and replacements for wet leased aircraft.

The LCC has grown rapidly since its two shareholders decided to accelerate expansion in 2014, a strategically critical move for the Vietnam Airlines Group given the rapid growth of the Vietnamese privately owned LCC VietJet. Jetstar Pacific achieved passenger growth of approximately 40% in 2015 and 2016 – and expects similar growth in 2017.

Jetstar Pacific is mainly a domestic airline but has started to focus more on the more profitable international market. Further international expansion is expected in 2017, with several new scheduled and charter flights using the additional A320s. Meanwhile new Australia-Ho Chi Minh flights from sister LCC Jetstar Airways will provide an opportunity to further grow interline and codeshare traffic. 

Vietnam Airlines 2017 outlook: slower growth and smaller profits as competition intensifies

12-Jan-2017 11:57 AM

Vietnam Airlines has grown rapidly and profitably over the last two years, despite intensifying from its fast-growing local rival VietJet Air. Vietnam Airlines is now only one of four airlines in Southeast Asia with more than 20 million annual passengers.

Passenger traffic has grown by more than 50% since VietJet’s launch at the end of 2011, while the flag carrier has accumulated approximately USD150 million in pre-tax profits. In 2016 Vietnam Airlines achieved 19% growth and record profitability.

However Vietnam Airlines plans to grow at a much slower rate in 2017, and intensifying competition will likely impact profitability. Opportunities for further domestic expansion are becoming more limited as the market becomes more saturated, while international expansion poses more challenges and risks.

Southeast Asia-US market Part 3: new nonstops need to overcome stiff one-stop FSC & LCC competition

27-Sep-2016 12:41 PM

Southeast Asian airlines are seeking to capture a larger share of the Southeast Asia-US market over the next few years as they launch new flights to the US. Three of the region’s flag carriers and at least one long haul LCC are planning to launch flights to the US, intensifying competition in an already fiercely competitive market.

Southeast Asian airlines currently account for less than a 20% share of the total Southeast Asia-US market. Philippine Airlines and Singapore Airlines are the only significant players in this market and are aiming to increase their share as they add new nonstop routes. Garuda Indonesia, Thai Airways and Vietnam Airlines are also keen to become significant players as they launch flights to the US, replacing their now limited offline products.

However, market share gains will likely come at the expense of yields and profitability as competition with North Asian airlines – and to some extent US and Gulf carriers – intensifies. North Asian airlines now account for more than 50% of bookings in the Southeast Asia-US market and have increased their reliance on Southeast Asian connections as they have added US capacity, resulting in very competitive fares.

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CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.

This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.

This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.

This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.

This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.

This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.

This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.

This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.