Friday, August 23, 2024 Vietjet, Vietnam’s leading new-age airline, has been recognized as one of the top 50 best listed companies in Vietnam for 2024 by Forbes Vietnam magazine. This prestigious accolade places Vietjet among the elite enterprises across various sectors in Vietnam, highlighting its significant contributions to the aviation industry and its remarkable recovery and growth trajectory. Vietjet’s inclusion in Forbes Vietnam’s Top 50 Best Listed Companies is based on the audited financial report for 2023, where the airline ranked 5th in revenue within the aviation industry.
The company reported a revenue of VND 58,300 billion, marking a 45% increase compared to the same period in 2022. This impressive financial performance reflects Vietjet’s robust recovery strategy and its commitment to sustainable growth, even in the face of global economic challenges. The airline’s financial health and operational efficiency have been pivotal in securing its place among Vietnam’s top enterprises.
Vietjet’s ability to navigate the complexities of the global market while maintaining a strong financial footing demonstrates the effectiveness of its growth strategies and its resilience in the highly competitive aviation sector. One of the key drivers of Vietjet’s success has been its continuous expansion of both its fleet and flight network. In the first half of 2024, despite ongoing global economic uncertainties, Vietjet recorded outstanding business results, underscoring its commitment to growth and innovation.
The airline has strategically expanded its fleet with plans to receive an additional 10 new aircraft by the end of 2024, enhancing its capacity to serve an ever-growing number of passengers. Vietjet’s route expansion has been equally impressive, with the airline extending its reach across Vietnam and to a wide array of international destinations. These include major cities in Australia, Japan, South Korea, China, India, Singapore, Thailand, Malaysia, Laos, Cambodia, Indonesia, and Taiwan (China).
This expansion not only meets the needs of local residents but also caters to the increasing demand from international tourists, making Vietjet a key player in connecting Vietnam with the rest of the world. Vietjet’s growth strategy is not just about expansion; it’s also deeply rooted in sustainability. The airline is committed to adopting practices that ensure long-term success while minimizing its environmental impact.
By focusing on fuel-efficient aircraft and optimizing operational processes, Vietjet is able to reduce its carbon footprint and contribute to the global push for greener aviation practices. The airline’s sustainability efforts are reflected in its corporate policies and its ongoing investments in technology and innovation. These initiatives are designed to enhance passenger experience, improve operational efficiency, and ensure that Vietjet remains a leader in the aviation industry for years to come.
Vietjet’s achievements have not gone unnoticed. In addition to being featured in Forbes Vietnam’s Top 50 Best Listed Companies, the airline has received numerous accolades from leading financial and aviation publications. International Finance, a leading financial publication, honored Vietjet with the “Best Finance Management – Aviation” award, recognizing the airline’s exceptional financial management practices.
Moreover, Airfinance Journal, a renowned publication in the aviation finance sector, ranked Vietjet among the Top 50 airlines globally for healthy financing. This recognition underscores Vietjet’s strong financial position and its ability to secure the necessary capital to fund its expansion and operational needs. Vietjet has also been recognized by AirlineRatings, a trusted airline safety and product rating review website, as the “Best Ultra Low-Cost Airline.
” This award highlights the airline’s ability to offer affordable fares while maintaining high standards of safety, service, and efficiency. Vietjet’s global ambitions are particularly evident in its strategic expansion into the Indian market. The airline currently operates a total of 29 weekly round-trip flights between Vietnam and four key Indian cities: New Delhi, Mumbai, Ahmedabad, and Kochi.
These routes have significantly enhanced connectivity between Vietnam and India, facilitating greater exchange of business, tourism, and cultural ties between the two countries. Vietjet’s success in India is bolstered by its modern fleet, dedicated crews, and a series of attractive promotions tailored specifically for Indian customers. The airline’s strategic focus on the Indian market has allowed it to establish a strong presence in the region, positioning it as a preferred carrier for travelers between India and Vietnam.
As Vietjet continues to grow and expand, its future prospects look promising. The airline’s ability to adapt to changing market conditions, coupled with its focus on sustainability and innovation, positions it well for continued success. Vietjet’s strategic expansion into new markets, along with its commitment to maintaining a strong financial foundation, ensures that it will remain a key player in the global aviation industry.
Vietjet’s recognition by Forbes Vietnam as one of the top 50 best listed companies in Vietnam for 2024 is a testament to its resilience, innovation, and commitment to excellence. As the airline continues to soar to new heights, it remains dedicated to providing safe, affordable, and sustainable travel options for passengers around the world..
