Vietnam Airlines is about to have a cargo fleet.

At the customer conference on December 4, Mr. Dang Ngoc Hoa said that Vietnam Airlines currently does not have any cargo planes (air cargo), while many international airlines have brought large cargo ships to Vietnam.

Currently, the volume of air cargo transported through Vietnam’s airports reaches more than 1.5 million tons per year. However, foreign airlines account for more than 80% of the cargo market share. This shows a gap in the market that domestic airlines have not yet exploited.

"Freight transport will be one of the two pillars of the airline and will receive heavy investment in the coming time," Mr. Hoa shared at the airline's global customer conference on December 4.

According to the plan, Vietnam Airlines will operate its first cargo ship this month. In the first phase, the national airline can operate two narrow-body cargo ships to countries in the region such as Singapore, Thailand, China, South Korea, Japan, India... From 2029, the airline plans to have three more wide-body cargo ships and develop an intercontinental flight network to Europe and the US.

Chairman of the Board of Directors Dang Ngoc Hoa speaks at the event on December 4. Photo: Vietnam Airlines.

Three years ago, Mr. Johnathan Hanh Nguyen applied for a license to establish Vietnam’s first cargo airline – IPP Air Cargo. However, he later stopped this plan even though he had reached the final steps of the procedure.

Most domestic airlines now combine cargo transport in the belly of commercial passenger aircraft. For Vietnam Airlines, this form of cargo transport has reached its limit, while demand continues to increase. Having its own cargo aircraft will help the airline operate more flexibly, not depending on passenger flight schedules.

According to Vietnam Airlines statistics, Vietnam is also the only country without a registered cargo aircraft in the group of 30 economies with the largest import-export turnover in the world. In the period 2015-2024, the airline estimates the average speed of air cargo to/from Vietnam at about 5.6% and will increase to 8% from now until 2030.

According to a report by the International Air Transport Association (IATA) released at the end of November, Asia-Pacific airlines recorded an 8.3% higher demand for air cargo in October compared to the same period last year. The carriers’ carrying capacity increased by 7.3%.

"Air freight demand is growing for the eighth consecutive month, showing that air freight is allowing global supply chains to adapt to the impact of US tariffs," said IATA CEO Willie Walsh.

Regarding passenger transport activities, Chairman of the Board of Directors Dang Ngoc Hoa said that Vietnam Airlines aims to achieve a domestic market share of over 50% by 2030. The airline's fleet will increase to 200 aircraft, nearly double the current number.

According to the consolidated financial report for the third quarter of 2025, the company has negative equity, cash and cash equivalents reaching over VND 16,300 billion.

In the first 11 months of this year, the airline transported 23,400 passengers, an increase of 12.8% over the same period. They estimated to achieve consolidated revenue of over 112,500 billion VND, pre-tax profit of nearly 7,390 billion VND, equivalent to nearly 88% of last year.

According to vnexpress.net

Source: https://baodongthap.vn/vietnam-airlines-sap-co-doi-bay-chuyen-cho-hang-hoa-a233716.html