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Vietnam’s domestic aviation market is currently dominated by Vietnam Airlines and VietJet Air, which together account for more than 86% of domestic market share, according to a 2025 Vietnam aviation industry report by SHS Securities.
Other carriers, including Bamboo Airways, Pacific Airlines, and Vietravel Airlines, are working to expand their market share through restructuring, strategic innovations, and expanding their flight networks.
The report also points to increasing competitive pressure as new investors enter the sector and plans to establish new airlines in 2026 are announced. This is expected to drive service improvements and diversification of business models.
On domestic routes, VietJet has maintained the lead since 2020. In 2024, VietJet’s domestic market share was about 44%, close to Vietnam Airlines’ 42%.
Smaller rivals include Bamboo Airways at 6.9% and Pacific Airlines at 2.4%.
In the international segment, Vietnamese airlines account for about 40–45% of passenger traffic market share. Within that segment, VietJet Air holds 56% of the share.
Fleet capacity is set to expand further following aircraft purchase and financing agreements signed in February 2026 at the cooperation agreement signing ceremony between Vietnam and the United States.
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