Name

SOVICO Holdings

Legal name

Tập đoàn Sovico

Website

https://sovicogroup.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Diversified Conglomerate

NAICS

Management of Companies and Enterprises (551), Depository Credit Intermediation (5221), Finance and Insurance (52)

SIC

Finance Services (6199)

akta.pro primary industry

Technology, Software & IT Services (FSABACAJ)

akta.pro secondary industry

Offshore & International Private Banking (FSAAABAB)

Keywords

• Low-cost aviation
• Commercial banking
• Real estate development
• Luxury resort hospitality
• Consumer finance

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Aviation (Vietjet Air): Revenue from air passenger transportation, ancillary services (baggage, seat selection, in-flight sales, SkyBoss premium), and cargo. Vietjet generated 82,000 billion VND in revenue in 2025, transported nearly 30 million passengers, and contributed over 10,000 billion VND to the state budget. International routes account for 55%+ of aviation revenue.
2. Banking (HDBank): HDBank generates revenue through interest income on loans (retail and corporate), fee-based services, and consumer finance via HD Saison serving 7 million customers. Total assets reached approximately 220,000+ billion VND.
3. Real Estate Development: Revenue from residential projects, urban development, resorts, hotels, and commercial properties across Vietnam. Sovico/Phoenix real estate includes Dragon City, Dragon Village, Mailand Hanoi City, and multiple resort properties.
4. Resort & Hospitality Management: Ownership and management of luxury international-standard resorts and hotels including Furama Danang (site of 2 APEC summits), Ana Mandara Cam Ranh, Evason Ana Mandara Nha Trang, L'Alya Ninh Vân Bay, TUI BLUE Nha Trang, Ariyana Tourism Complex.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

SOVICO Holdings operates a diversified multi-sector conglomerate encompassing aviation (Vietjet Air — low-cost passenger and cargo airline), banking and consumer finance (HDBank and HD Saison), real estate development (Phu Long), and resort and hospitality (Furama, Ana Mandara, L'Alya, TUI BLUE). The group also invests in technology through validator-node participation in Vietnam's national NDAChain blockchain and the Vietnam Khỏe Mạnh healthcare IT platform. Revenue is generated primarily through airline ticket sales, interest income and fees from banking, residential and resort property sales, and resort/hotel operations.

Product overview

SOVICO Holdings operates as a diversified multi-industry group comprising aviation (Vietjet Air - Vietnam's first private low-cost airline), banking and finance (HDBank, HD Saison consumer finance), real estate development (Phu Long Real Estates with Dragon City, Dragon Village, Mailand Hanoi City), resort and hospitality management (Furama Resort Danang, Ana Mandara Cam Ranh, Evason Ana Mandara Nha Trang, L'Alya Ninh Van Bay, TUI BLUE Nha Trang), and technology investments including participation in the national NDAChain blockchain platform. The group follows a platform-plus-subsidiary architecture with Sovico Group as the parent holding company overseeing multiple publicly-listed and subsidiary companies across these sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Vietjet Air: Vietnam's first private low-cost airline
• HDBank
• Phu Long
• Furama Resort
• Ana Mandara
• Galaxy One

Products and services

• Vietjet Air Vietnam's first private low-cost airline, offering domestic and international passenger flights with e-ticketing, kiosk check-in, and ancillary services such as baggage, seat selection, SkyBoss premium class, and cargo. Operates 131+ routes and has transported over 100 million cumulative passengers.
• HDBank (Ho Chi Minh City Development Commercial Joint Stock Bank) Commercial bank offering retail banking, corporate banking, digital banking, and green/sustainable financing services across Vietnam through 285+ branches and digital channels with eKYC. Total assets approximately 220,000+ billion VND.
• HD Saison Consumer finance company under the HDBank ecosystem providing consumer lending and financial services to approximately 7 million customers across Vietnam, with 13,825+ financial consumer transaction points.
• Phu Long Real Estates Corporation Real estate development company developing residential projects, urban areas, resorts, office buildings, and shopping centers across Vietnam, including Dragon City, Dragon Village, Mailand Hanoi City, Mailand Hoang Dong (Lang Son), L'Alyana Senses World, and Ariyana Tourism Complex Danang.
• Dragon City Large-scale residential and urban development project by Phu Long Real Estates offering integrated living spaces with modern amenities.
• Dragon Village Residential and resort development project by Phu Long Real Estates featuring nature-integrated living spaces.
• Mailand Hanoi City Urban development project in Hanoi by Phu Long Real Estates, part of Sovico Group's integrated city development strategy.
• Furama Resort Danang Five-star internationally acclaimed resort in Danang, served as venue for 2 APEC summits in Vietnam (2006 and 2017) hosting world leaders and dignitaries.
• Ana Mandara Cam Ranh Luxury beachfront resort in Cam Ranh, part of Sovico Group's resort portfolio under the resort and hospitality division.
• Evason Ana Mandara Nha Trang Premier resort property in Nha Trang operated under the Six Senses group, representing high-end hospitality services.
• L'Alya Ninh Van Bay Exclusive resort development in Ninh Van Bay, featuring luxury villas and integrated nature experiences.
• TUI BLUE Nha Trang International brand resort in Nha Trang operating under the TUI BLUE hotel group, offering contemporary hospitality services.
• Galaxy One Technology and digital solutions company under Sovico Group providing technology infrastructure for the conglomerate's digital initiatives.

Quantifiable outcome

• Vietjet transported nearly 30 million passengers in 2025, contributing over 10,000 billion VND to the state budget
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

16 partnerships are on record, tiered supporting, core and major.

• COMAC (Commercial Aircraft Corporation of China)supportingTechnology or Integration · 1 April 2026COMAC and Sovico/Vietjet cooperation includes aviation technology and talent development. COMAC University awarded Dr. Nguyen Thi Phuong Thao the title of Professor in recognition of her contributions to aviation research and international cooperation.
• HuaweisupportingTechnology or Integration · 1 April 2026Huawei participated in the Sovico-Vietnam investment conference in Beijing in April 2026 as a key Chinese technology partner for digital transformation and connectivity initiatives.
• National Data Association / NDAChain ConsortiumcoreTechnology or Integration · 1 January 2025Sovico is one of 49 public-private validator nodes in Vietnam's national NDAChain blockchain platform, alongside SunGroup, Zalo, Masan, MISA, and VNVC. The platform uses Proof-of-Authority consensus with Zero-Knowledge Proof, processing 3,600 TPS for government and private sector digital verification.
• Ministry of Health IT Department (Cục CNTT Bộ Y tế)majorStrategic or Co-development Partner · 15 August 2021Sovico Group and the Ministry of Health's IT Department signed a comprehensive cooperation agreement to develop healthcare IT solutions in Vietnam, including pandemic management, testing, vaccination, and digital healthcare systems (Vietnam Khỏe mạnh platform supporting 100 million users).
• VietinBankmajorStrategic or Co-development Partner · 14 April 2021VietinBank and Sovico Group signed a comprehensive cooperation agreement in April 2021, bringing together Vietnam's state-owned pillar bank and the leading private multi-sector conglomerate for mutual business development.
• United Nations (UN) and its agencies (UNESCO, UN-Habitat, UNIDO)coreStrategic or Co-development Partner · 23 September 2020Sovico Group signed a strategic partnership with the United Nations in September 2020 to integrate culture as the center of sustainable development in Vietnam. The partnership encompasses multiple UN agencies including UNESCO (education, culture, women/children), UN-Habitat (urban development), and UNIDO (industrial development), focusing on sustainable development goals, women empowerment, and community development.
• ViettelmajorStrategic or Co-development Partner · 26 February 2020Sovico Group and Viettel (military telecommunications group) signed a comprehensive strategic cooperation agreement in February 2020, combining strengths in aviation, banking, real estate, and telecommunications.
• Samsung SDSmajorTechnology or Integration · 2 December 2019Sovico Group and Samsung SDS signed a comprehensive strategic cooperation agreement in December 2019 during Prime Minister Nguyen Xuan Phuc's visit to South Korea, focusing on digital transformation, logistics, banking technology, smart city solutions, and IT services for businesses.
• GrabmajorStrategic or Co-development Partner · 28 August 2019Grab and Sovico Group signed a comprehensive strategic partnership in August 2019 to develop mobility solutions and logistics across Vietnam and Southeast Asia, combining Sovico's aviation (Vietjet) and financial services (HDBank) ecosystem with Grab's super-app platform.
• Swift247supportingTechnology or Integration · 28 August 2019Sovico, Vietjet, Grab, and Swift247 signed a四方 cooperation agreement to develop ultra-fast cargo delivery between Hanoi and Ho Chi Minh City in just 5 hours, combining air transport (Vietjet), ground delivery (Grab), and air cargo technology (Swift247).
• Linfox (Australia)supportingStrategic or Co-development Partner · 23 August 2019Sovico Group signed a comprehensive cooperation agreement with Australian logistics company Linfox in August 2019 to develop logistics and supply chain solutions.
• Keidanren (Japan Business Federation)supportingGTM or Marketing Partner · 1 July 2019Vietjet became the first LCC in the world and the first foreign company to join Japan's Keidanren, the nation's most comprehensive economic organization with nearly 1,500 members, demonstrating Vietjet's international standing.
• HDBank (Ho Chi Minh City Development Commercial Joint Stock Bank)coreOthersHDBank is a majority-owned subsidiary of Sovico Group, listed on Vietnam's stock exchange (VN30 index). The bank operates 285+ branches, serves 7 million consumer finance customers through HD Saison, and is recognized as a top-5 private commercial bank in Vietnam.
• Vietjet AircoreOthersSovico Group is the founding shareholder of Vietjet Air — Vietnam's first private airline. Vietjet has grown to become the largest domestic airline by passenger volume, operating 131+ routes internationally and domestically, transporting over 100 million cumulative passengers.
• CFM InternationalsupportingTechnology or IntegrationVietjet and CFM International signed agreements for over 400 LEAP-1B engines during the official visit of General Secretary To Lam to France in October 2024, supporting Vietjet's fleet expansion.
• Pratt & WhitneysupportingTechnology or IntegrationVietjet and Pratt & Whitney signed agreements for PurePower Geared Turbofan engines, a technologically advanced engine selection for the airline's modern fleet.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Vingroup: Vietnam's largest private conglomerate (founded by Pham Nhat Vuong) operating across real estate (Vinhomes), automotive (VinFast), retail (VinMart/VinCommerce), education, and healthcare. Closest comparable to Sovico as a diversified private multi-sector Vietnamese conglomerate serving mass-market consumers.
• Masan Group: Vietnamese conglomerate operating across consumer goods (Masan Consumer), retail (WinCommerce/WinMart), and financial services (Techcombank stake). Comparable diversified private holding company structure with listed subsidiaries, also a co-validator on Vietnam's NDAChain blockchain.
• AirAsia Group: Southeast Asian low-cost carrier group founded by Tony Fernandes with Vietjet Air's closest comparable operating model and brand positioning. Both pioneered mass-market LCC aviation in their home markets with ancillary revenue focus and aggressive international route expansion.
• Sun Group: Vietnamese conglomerate with significant overlap in hospitality/resort (Sun World, Sun Premier Village), aviation (Sun Air), and real estate development. Direct competitor in Vietnamese tourism infrastructure and integrated resort/residential projects, also a co-validator on Vietnam's NDAChain blockchain.
• BIM Group: Vietnamese diversified conglomerate operating in real estate development, agriculture/food, renewable energy, and minerals. Comparable multi-sector private holding company structure operating primarily in Vietnam.
• DOJI Group: Vietnamese conglomerate with diversified operations spanning jewelry and gold trading, real estate, banking (TPBank stake), and hospitality. Similar private holding-company model combining consumer-facing businesses with financial services and property.

Regional players

• Salim Group: Indonesian diversified conglomerate with operations across food/consumer goods (Indofood), banking (Bank Central Asia historical), property, and logistics. Comparable diversified Southeast Asian private conglomerate structure with banking and consumer exposure.
• Charoen Pokphand Group (CP Group): Thailand's largest private conglomerate with operations across agriculture, food, retail (7-Eleven Thailand/Lotus's), telecommunications (True), and finance. Comparable diversified multi-sector conglomerate structure across Southeast Asia, though primarily Thai-focused.
• Ayala Corporation: Philippine diversified conglomerate with holdings in real estate (Ayala Land), banking (Bank of the Philippine Islands, BPI), telecommunications (Globe), and water/energy infrastructure. Comparable holding-company model combining real estate, banking, and infrastructure operations across Southeast Asia.

Broad incumbents

• Indigo (InterGlobe Aviation): India's largest low-cost carrier by market share and passengers carried, operating a similar low-cost, point-to-point model with focus on ancillary revenue. Direct operational peer to Vietjet Air within Asia's LCC segment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/100068868784048

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SOVICO Holdings