Vietnam Tet 2027 Airfares Stay High as Vietnam Airlines, Vietjet Add Seats

Overview

Tet 2027 airfares on Vietnam’s busiest domestic routes remain elevated even as carriers expand fleets and add millions of seats, according to a market survey reported on 9 November. Vietnam Airlines Group, the parent of HOSE-listed Vietnam Airlines (HVN), plans close to 3.7 million seats for the holiday, up 11% year on year, while Vietjet (VJC) has put 3.1 million tickets on sale, up 6%.

Key Facts

• Vietnam Airlines Group plans nearly 3.7 million Tet seats, an 11% increase over the prior year, per the article.
• Capacity on the Hồ Chí Minh City–Hà Nội route rises 15.4%, with Hải Phòng, Thanh Hóa, Vinh and Huế routes up 6–13%.
• Vietjet offers 3.1 million Tet tickets, up 6% year on year.
• On the Hồ Chí Minh City–Vinh route for 1 February 2027 (25 tháng Chạp), Vietnam Airlines fares start above VND 3.7 million and Vietjet around VND 3.6 million one way.
• On Hồ Chí Minh City–Hà Nội for 4 February 2027 (28 tháng Chạp), Vietjet is about VND 3.1 million, Sun PhuQuoc Airways VND 3.5 million and Vietnam Airlines VND 3.6 million one way.
• As of 15 October 2026, Vietnam had 261 aircraft registered under Vietnamese nationality, 26 more than in 2025, according to the Civil Aviation Authority of Vietnam.
• One family of four paid VND 19.5 million for round-trip Hồ Chí Minh City–Thanh Hóa tickets booked a month earlier; buying now would cost about VND 28 million.

What Happened

The article, based on a fare survey dated 9 November and earlier checks in late October, describes a Tet market in which headline capacity growth has not produced a deep discount fare band. Fares quoted include taxes and fees but exclude add-on services. Several departure windows on the Hồ Chí Minh City–Vinh route are already sold out, with remaining seats concentrated on overnight and early-morning flights. On the Hồ Chí Minh City–Hà Nội route, one-way fares cluster between roughly VND 3.1 million and VND 3.6 million across carriers.

Carriers attribute the persistence of high fares to the directional nature of Tet travel. Before the holiday, demand concentrates on routes from Hồ Chí Minh City to the central and northern provinces, while the return leg carries few passengers; the flow reverses after Tet. Aircraft can therefore fly full one way without fully utilising the opposite leg, and airlines must balance revenue and cost across the whole rotation when deciding whether to add flights. The article also notes that a larger national fleet does not mean all incremental capacity is deployed on the most heavily travelled domestic routes.

Market Context

HVN closed at VND 21,850 on HOSE on 8 November 2026, and VJC closed at VND 134,700. Both tickers sit in the airlines and travel complex, which trades on a mix of holiday-season load factors, fuel costs and fleet utilisation rather than on fare levels alone. The Tet booking window is the single largest domestic revenue event of the Vietnamese aviation calendar, so the observed fare levels and sell-out patterns feed directly into first-quarter revenue expectations for both carriers.

Strategic Significance

The strategic read is that Tet pricing power remains intact despite fleet expansion, because the constraint is directional demand rather than absolute seat count. For HVN, an 11% capacity increase concentrated on the Hồ Chí Minh City–Hà Nội corridor, where seats rise 15.4%, supports volume growth without obvious fare dilution on peak dates. For VJC, a 6% increase in tickets sold into a market where discount inventory is thinning suggests yield accretion rather than a price war. The competitive dynamic is also shifting: Sun PhuQuoc Airways, which took delivery of its first Airbus A330 in September, and Vietravel Airlines, which added A321s in September and October, are now visible in Tet fare comparisons, adding supply at the premium end of the domestic market.

What to Watch

• Vietnam Airlines Group and Vietjet Tet seat-load-factor disclosures for the peak booking period.
• Whether additional Tet flights are announced for the Hồ Chí Minh City–Vinh and Hồ Chí Minh City–Thanh Hóa routes where seats are already sold out.
• Fuel price and USD/VND movements, which determine whether higher fares convert into margin.
• Q4 2026 and full-year 2026 results for HVN and VJC, the first read on how Tet 2027 bookings sit against prior-year yields.
• Further fleet deliveries from Sun PhuQuoc Airways and Vietravel Airlines and any shift in their domestic route allocation.