As one of Vietnam’s pioneering developers in branded real estate, Masterise Homes, a member of Masterise Group, is set to introduce The Ritz-Carlton Residences, Saigon, the first Ritz-Carlton-branded residences in HCMC, alongside The Ritz-Carlton, Saigon, marking the luxury brand’s hotel debut in Vietnam, as well as premium office and retail space.

This milestone follows a signed agreement between Masterise Group and Marriott International Inc, further strengthening their strategic partnership, shared vision and long-term commitment to excellence in Vietnam. It brings the Ritz-Carlton brand to one of Vietnam’s most dynamic metropolises. Masterise Homes’ international-branded real estate portfolio includes landmark developments such as Grand Marina Saigon, Marriott- and JW Marriott-branded residences, and The Ritz-Carlton Residences, Hanoi at The Grand.

The official launch of its latest project will take place on 13 May 2026.

Situated opposite Ben Thanh Market in Ben Thanh Ward, the city’s former District 1, Masterise Towers is envisioned as a vertical destination in central Ho Chi Minh City. The project will combine residences, hospitality, workspace, and curated retail in a single address designed for residents, travellers, business leaders, and the city’s growing audience for high-end cultural, culinary, and wellness experiences.

(Source: Masterise Group)

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In 2025, Vietjet recorded positive business results, exceeding the set targets. The airline operated 135 aircraft, including 101 aircraft based in Vietnam, across 254 routes. It transported 28.2 million passengers on more than 153,000 flights.

Strong 2025 Performance exceeds targets 

Vietjet reported consolidated revenue of VND82.093 trillion (SGD3.98 billion), while profit after tax reached VND2.123 trillion ( SGD102.90 million). This represented a 51.2% increase and achieved 120% of the company’s target. The airline also contributed VND10.537 trillion (SGD510.07 million) in direct and indirect taxes and fees.

At the AGM, shareholders approved a 30% dividend payout in shares, reflecting Vietjet’s continued commitment to delivering value to investors.

In 2025, Vietjet also placed orders for 100 Airbus A321neo aircraft, with 50 additional purchase options, and 20 Airbus A330neo wide-body aircraft. These orders position Vietjet among the airlines with the largest aircraft order books globally.

These figures reflect Vietjet’s efficient, safe and reliable operational capacity, growth momentum, and outstanding resilience amidst a volatile global aviation industry.

Global strategy — scaling up the ecosystem

Entering 2026, Vietjet remains committed to its strategy of “Fly the world – Reach new heights”, with a focus on expanding its international network and strengthening its aviation ecosystem.

The airline is targeting key long-haul markets, including Europe and the US, while developing a modern fleet comprising Airbus A321neo, Airbus A330neo and Boeing 737-8 aircraft. Vietjet is also deepening strategic partnerships with leading global aviation companies, including Rolls-Royce, CFM and Pratt & Whitney.

As part of its long-term development strategy, Vietjet is pioneering the establishment of an International Aviation Finance Centre, in collaboration with the Vietnam International Financial Centre in Ho Chi Minh City. The airline is also investing in its wide-body fleet and Business class cabins, which have been well received by customers, particularly on long-haul routes.

Vietjet’s Board of Directors and Independent Member Dr Philipp Rösler shared: “Vietjet has long prepared for the expansion of its flight network to Europe. With a model that combines cost-effective management and essential services, Vietjet will maintain its competitive cost advantage while providing a wonderful experience for passengers on long-haul flights.”

The airline is investing in a Maintenance, Repair and Overhaul centre at Long Thanh, while also carrying out ground self-handling services at Vietnam’s two largest airports, Noi Bai and Tan Son Nhat, to optimise operational costs.

Vietjet continues to develop the Vietjet Aviation Academy as part of its strategy to secure a pipeline of high-quality aviation talent. In 2025, the academy organised 15,198 courses for 162,100 trainees, representing increases of 53% and 30% respectively compared to 2024.

The airline is also diversifying ancillary products and services to grow revenue, while expanding financial and technological cooperation with global partners. These initiatives are designed to support disciplined, efficient and sustainable growth.

(Source: Vietjet)

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Sun Group, one of Vietnam’s largest private conglomerates, has partnered with SITA to lead this transformation. To support Vietnam’s rapidly growing air travel demand, the parties have also signed a Memorandum of Understanding establishing a framework for broader collaboration across Sun Group’s future airport developments in Vietnam.

Phu Quoc International Airport is projected to handle 24 million passengers annually once the new Terminal 2 opens, with long-term capacity designed to scale to 50 million. The development comes at a pivotal moment and will place Phu Quoc in the global spotlight as a rising destination in the Asia Pacific region.

Under the Phu Quoc project, SITA will deploy an end-to-end suite of airport technologies across the new terminal, delivering a fully self-service passenger experience. Travellers will be able to check in, select seats, print boarding passes and bag tags, drop their luggage, and board their flights through automated touchpoints.

The new terminal will feature SITA Flex Hybrid, supporting 204 common-use workstations for passenger processing. To secure operational resilience, SITA Local Departure Control System (DCS) will be deployed as a backup.

Passengers will use 150 SITA Smart Path kiosks for check-in, seat selection, boarding pass printing, and tagging of check-in bags; 100 SITA Smart Path Bag Drop (Scan & Go) units for self-service baggage drop; and 38 dual-lane SITA Smart Path Gates for automated boarding. All systems are seamlessly coordinated through the SITA Smart Path Hub biometric technology.

Real-time baggage tracking and reconciliation will be delivered through SITA Bag Manager Lite, supporting four baggage workstations and 20 handheld terminals. Airport operations will be powered by SITA Airport Operational Database (AODB), while passenger information will be managed by SITA AirportVision Evolved, covering 397 displays. Overall, airport operations will be overseen by SITA Airport Management, which will support 10 operational workstations.

The project, which began development in March 2026, is scheduled to open in July 2027.

“We are pleased to partner with SITA on this strategic collaboration to support the transformation of our airport portfolio. As we continue to invest in world-class aviation infrastructure, SITA’s proven expertise and end-to-end technology capabilities will play a key role in helping us deliver smarter, more efficient, and seamless passenger experiences,” said Sun Group. President Nguyen Chi Thanh.

The partnership extends beyond a single terminal. Sun Group has designated SITA as a key strategic technology partner for its broader airport transformation initiative in Vietnam. The operating model established at Phu Quoc will serve as a template for future developments, including Phan Thiet Airport and planned projects in Con Dao and Rach Gia. Over the next five years, Sun Group aims to expand its airport footprint to at least five locations across Vietnam, with each targeting the five-star Skytrax standard.

“Vietnam is one of the fastest-growing aviation markets in the region, and this partnership with Sun Group marks a key milestone in supporting that growth with future-ready infrastructure. By bringing together SITA’s end-to-end airport technologies, we are delivering smarter, more efficient, and scalable airport operations,” added SITA President, Asia Pacific, Sumesh Patel. “As Phu Quoc evolves into a key aviation hub ahead of APEC 2027, we are proud to support Sun Group’s vision of delivering world-class passenger experiences while strengthening connectivity across Vietnam.”

Phu Quoc International Airport will be operated in partnership with Singapore’s Changi Airports International, bringing internationally recognised standards to what is fast becoming a major leisure destination. 

The airport upgrade forms part of a broader effort to integrate aviation with Sun Group’s tourism and hospitality ecosystem on the island, which includes luxury resorts, entertainment destinations, and Sun Phu Quoc Airways, launched in November 2025.

SITA and Sun Group have worked together since 2019, when SITA first delivered airport technology solutions at Van Don Airport. This new agreement deepens that relationship and reflects a shared commitment to advancing air travel infrastructure in Vietnam.

(Source: SITA)

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The ranking is based on Cirium’s EmeraldSky methodology, which uses CO₂ per Available Seat Kilometre (CO₂/ASK) as its core metric. This measures the amount of fuel an airline burns relative to its passenger capacity. According to the report, Vietjet recorded 64.5 grams CO₂/ASK, placing first in the Southeast Asia intra-regional ranking, ahead of Singapore Airlines (66.7 grams) and Lion Air (67.1 grams).

The ranking compares emissions performance on flights operating entirely within Southeast Asia, where the dominance of short- and medium-haul routes can make fuel efficiency more challenging to optimise. Against this backdrop, Vietjet’s ability to deliver the lowest emissions reflects its strong operational efficiency across the entire value chain, from aircraft configuration and network planning to load management.

A key driver of Vietjet’s emissions performance is its new-generation fleet. The airline primarily operates Airbus A320 and A321 aircraft, including the latest “NEO” variants, which offer approximately 15 to 20% fuel savings compared to previous-generation models. With one of the youngest fleets in the region, Vietjet is well-positioned to optimise fuel consumption and CO₂ emissions per flight. In parallel, the airline continues to strengthen technology adoption across its operations, from flight data analytics platforms such as SkyBreathe to fuel-optimisation initiatives like SFCO₂, thereby improving efficiency across its entire network.

Previously, Vietjet was also named among the Top 7 global airlines for sustainability in 2025 by AirlineRatings, in recognition of its efforts to reduce emissions, improve fuel efficiency, and support the green transition. The airline has also received ESG (Environmental, Social, and Governance) recognition in markets such as Taiwan.

The Flight Emissions Review is Cirium’s annual ranking, providing an independent assessment of the world’s 100 largest airlines based on actual operational data. It enables transparent comparisons of emissions performance across airlines by scale and geographic region, serving as a benchmark for the global aviation industry.

(Source: Vietjet)

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In its April product update, ICS, a regional tour company, noted that the seaplane’s scenic flights had served international travellers to Halong Bay for more than a decade. 

“Travellers booked the flights for a memorable excursion that offered panoramic views of limestone karsts rising from the bay’s emerald waters,” the ICS newsletter stated.

ICS Travel Group noted that “the pause mainly comes from operational adjustments and updated regulations for aviation activities within this protected heritage area, as authorities review how tourism can continue to grow while protecting the natural landscape that makes the bay so special.” 

On its Facebook page, Hai Au Aviation officially confirmed that the scenic flights had halted on 1 April — “We are truly honoured to have been part of so many unforgettable moments in the sky.”

“As every remarkable journey eventually turns a new page, Hai Au Aviation would like to officially announce that our seaplane services will cease operations starting 1 April  2026.

“We extend our heartfelt gratitude to all our valued customers and partners who have trusted and supported us throughout the years,” Hai Au Aviation concluded.

About ICS Travel Group
Founded in 1994, ICS Travel Group began its journey by establishing its own operations in Vietnam, Cambodia, Laos and Myanmar and opening its head office in Bangkok, Thailand, to serve as a central hub for operations, followed by the launch of a dedicated office in Bali, Indonesia. It has steadily expanded to include countries such as Japan, China, India and the Philippines. 

(Source: ICS Travel Group news)

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The announcements were made during Vietnam’s General Secretary and President To Lam’s state visit to China, at the invitation of Chinese General Secretary and President Xi Jinping.

Expanding connectivity between Vietnam and China

At the Investment Cooperation Conference in Beijing, Vietjet unveiled five new routes: Hanoi–Hangzhou, Hanoi–Enshi, Hanoi–Huangshan, Ho Chi Minh City–Guilin, and Ho Chi Minh City–Huangshan. 

The Hanoi–Enshi and Ho Chi Minh City–Guilin routes have been operating since early April. These additions further expand Vietjet’s growing international network, strengthening links among key economic, cultural, and tourism hubs and supporting the Vietnam–China Tourism Cooperation Year.

Over more than a decade, Vietjet has operated 131 routes between Vietnam and China, completing nearly 70,000 flights and carrying approximately 14.5 million passengers, connecting 55 Chinese cities with Vietnam’s major destinations.

Strengthening aviation finance and fleet 

As part of its growth strategy, Vietjet has also signed an agreement with SPDB Financial Leasing (SPDBFL), a subsidiary of Shanghai Pudong Development Bank, to finance aircraft through operating leases on a larger scale, covering up to 10 COMAC C919 aircraft. 

The agreement lays the groundwork for the introduction of COMAC aircraft on routes between Vietnam and China, supporting the airline’s continued network expansion. It will also enable the airline to expand and modernise its fleet through diversified financing structures, optimise operational efficiency, and strengthen access to international capital markets. This fleet growth is expected to support increased capacity across Vietjet’s broader international network, helping the airline sustain competitive fares and meet growing travel demand across the region.

AVIC Cabin Systems develop aircraft interiors

Complementing its network and fleet expansion, Vietjet has also entered into a comprehensive cooperation agreement with AVIC Cabin Systems to develop aircraft interiors and strengthen aviation supporting industries. Through collaboration with Jiatai, a member of AVIC Cabin Systems, the partnership will also promote localisation of the supply chain and facilitate technology transfer.

A broader range of cooperation initiatives was also announced across aviation finance, engineering, logistics, and supply chains, reflecting a growing trend of deeper, more integrated partnerships between airlines, financial institutions, and industrial players. These collaborations are helping unlock new investment opportunities, strengthen regional value chains, and support long-term, sustainable growth across the Asia-Pacific aviation ecosystem.

(Source: Vietjet)

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De Brito brings more than 30 years of international hospitality experience to the role, with a strong track record in hotel openings, operational leadership, and commercial performance across Asia, Europe, and the Middle East. 

Before joining Pullman Ninh Binh, he served as Area General Manager for Accor in Japan, where he oversaw operations across a portfolio of hotels, including Grand Mercure Ise Shima. 

The 283-key Pullman Ninh Binh is a new landmark in the heart of this up-and-coming Vietnamese destination. De Brito will be responsible for leading the overall operations and strategic direction of Pullman Ninh Binh, with a focus on establishing the hotel as a leading address for both business and leisure travellers in Northern Vietnam. 

(Source: Pullman Hotels & Resorts)

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Located in Nha Trang’s newly developed northern coastal precinct, just 10 minutes from Tran Phu Street, the 31-floor voco Scenia Bay Nha Trang is a member of the premium collection of IHG Hotels & Resorts. 

Set along the shoreline, the 250-room property offers access to the city’s key attractions while providing a more relaxed coastal setting, with all guestrooms featuring ocean views.

“We are thrilled to open voco Scenia Bay Nha Trang and bring a reliable but different stay experience to the lively coastal city. The hotel reflects the brand’s thoughtful, unstuffy and charming personality, with a focus on hosted service and sustainability. Our bayfront location offers guests the best of both worlds: the tranquillity of the coast and easy access to Nha Trang’s vibrant attractions.

We look forward to contributing to the city’s continued growth as one of Vietnam’s most dynamic coastal destinations,” shared voco Scenia Bay Nha Trang by IHG General Manager Justin Malcolm.

The hotel’s five outlets offer a taste of the “voco life”. Infini Bleu, the pool bar with sea views, sets the stage for relaxed sunset moments with sips by the skyline. 

The hotel’s speciality restaurant, ‘La Bonita’, brings Mediterranean dining with Italian and Spanish flavours, while ‘The Show’, an all-day-dining restaurant, delivers live cooking performances. Socialite, the hotel’s lobby lounge, transitions from a relaxed daytime café into an intimate evening bar, offering craft beverages and light bites.

(Source: IHG)

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SONO Belle Hanoi Old Quarter, featuring 56 rooms, is scheduled to open in Q4 2026.

Located in the heart of Hanoi’s historic Old Quarter, the hotel will be within walking distance of the iconic Hanoi Opera House, luxury boutiques, heritage landmarks, and the capital’s dining and café scene.

SONO Hotels & Resorts Asia, Senior Vice President Jihong An commented: “We are honoured to collaborate with Binh Minh Urban Construction Investment JSC to bring SONO Belle Hanoi Old Quarter to life in such an iconic location.”

About SONO Hotels & Resorts Asia
SONO Hotels & Resorts Asia is a hotel management company wholly owned by SONO International, one of South Korea’s leading hospitality groups. Backed by SONO International’s portfolio of over 14,500 operating rooms across seven countries, the group operates in South Korea, the US, France, and key Asian markets, including Thailand, Indonesia, Japan, and Vietnam.

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The agreement is set to mark the debut of two brands in Vietnam: W Hotels and Moxy Hotels. These new properties are scheduled to open between 2027 and 2030, as integral elements of Sun Group’s developments.

Ten new hotels and resorts 

Moxy Phu Quoc Hon Thom (501 keys, scheduled to open in 2026)

Fairfield by Marriott Phu Quoc Hon Thom (353 keys, scheduled to open in 2026)

W Phu Quoc (526 keys, scheduled to open in 2027)

Phu Quoc Marriott Resort & Spa (826 keys, scheduled to open in 2027)

The Westin Phu Quoc (527 keys, scheduled to open in 2027)

Le Méridien Phu Quoc (432 keys, scheduled to open in 2027)

Courtyard by Marriott Phu Quoc (300 keys, scheduled to open in 2027)

Vung Tau Marriott Hotel (300 keys, scheduled to open in 2030)

Moxy Vung Tau (350 keys, scheduled to open in 2030)

Four Points by Sheraton Vung Tau (350 keys, scheduled to open in 2030)

The signing ceremony was attended by key leaders from both companies, including Anthony Capuano, President and CEO of Marriott International; Rajeev Menon, President for Asia Pacific Excluding China (APEC), Marriott International; and Dang Minh Truong, Chairman of the Board of Directors, Sun Group.

“Vietnam is one of the world’s most dynamic markets for travel and tourism, so we are thrilled to be able to announce these 10 new hotels and resorts in collaboration with Sun Group,” said Marriott International President APEC Rajeev Menon. “Marriott’s portfolio in Vietnam has doubled since 2022…Our continued collaboration with Sun Group, one of the country’s most visionary developers with a proven track record of creating destination-defining projects, reinforces our commitment to the long-term future of Vietnam – including Phu Quoc, which is rapidly emerging as one of Asia’s most dynamic tourism destinations.’’

Phu Quoc will host APEC 2027, positioning the island on a global stage and creating lasting benefits for the entire region.

At Ruby Beach in southern Phu Quoc, Marriott is slated to launch five new hotels under five distinct brands — W Hotels, Marriott Hotels, Westin Hotels & Resorts, Le Méridien, and Courtyard by Marriott within an 88.4-hectare mixed-use development.

Phu Quoc has emerged as one of Asia’s most compelling tourism destinations with many attractions developed by Sun Group. Marriott’s portfolio of hotels is set to serve as hospitality anchors within a synchronised destination mode with direct access to iconic assets such as the world’s longest three-wire cable car to Hon Thom Island, large-scale theme and water parks, internationally acclaimed multimedia shows, the Kiss Bridge and Sunset Town — where fireworks illuminate the sky every night, 365 days a year.

(Source Marriott International)

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