Noibai Cargo Terminal Services Joint Stock Co

What Noibai Cargo Terminal Services Joint Stock Co does

Noibai Cargo Terminal Services Joint Stock Company (NCTS, stock code NCT) is a publicly listed Vietnamese joint-stock company that operates the dedicated air cargo terminal at Noi Bai International Airport in Hanoi. Its core business is end-to-end air cargo handling services for airlines and cargo customers, including import cargo collection, export cargo dispatching, loading and unloading (stevedoring), and freight forwarding support at Vietnam's primary international gateway. NCTS serves a roster of major international carriers including Vietnam Airlines (its anchor and major shareholder), Eva Air, Aeroflot, Air China, Asiana Airlines, Cebu Pacific, China Airlines, Thai Airways, and Qatar Airways.

NCTS has progressively digitized its operational interface with customers. The company operates an Electronic Delivery Order (eDO) system for digital cargo documentation, an online cargo check-in portal, a member registration platform supporting airline, agent, and corporate account types, and dedicated iOS and Android mobile applications. Pricing is not publicly disclosed; commercial relationships are negotiated B2B, with services billed on a transaction/handling-fee basis. Distribution is hybrid: physical cargo handling occurs on-site at the Noi Bai terminal, while documentation, tracking, and customer onboarding flow through the company's web platform and mobile apps.

The business model is anchored to a single high-traffic airport infrastructure with regulatory and institutional lock-in, including integration with the Noi Bai Customs Office and overlapping leadership with Vietnam Airlines Corporation. Revenue is generated through transaction fees on cargo handling and stevedoring services. The company is governed as a publicly listed entity (stock code NCT), holds regular AGMs, publishes audited financial disclosures, and in H1 2026 reported that it exceeded planned targets for service output, revenue, and pre-tax profit versus the prior-year period. NCTS has no disclosed AI/ML capabilities, no API/SDK surface, and no subsidiary or M&A activity; its strategic posture centers on operational excellence and digital service rollout within its existing Noi Bai terminal footprint.

Name

Noibai Cargo Terminal Services Joint Stock Co

Legal name

Noi Bai Cargo Terminal Services Joint Stock Company

Website

https://noibaicargo.com.vn

Company type

Public

Operating status

Operating

Headcount range

1–10 employees

Short description

Noibai Cargo Terminal Services Joint Stock Company (NCTS) is a publicly listed Vietnamese operator (ticker NCT) providing air cargo terminal handling, stevedoring, and electronic documentation services at Noi Bai International Airport in Hanoi for international airlines and cargo shippers.

Ownership category

akta.pro rank

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Cargo Handling Services: Core air cargo terminal services including import and export cargo handling, loading/unloading, and processing at Noi Bai International Airport
2. Stevedoring Services: Cargo loading and unloading services for airlines and cargo operators

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

NCTS provides air cargo terminal services at Noi Bai International Airport in Hanoi, Vietnam. Core services include import and export cargo handling, stevedoring (loading/unloading aircraft), electronic delivery order (eDO) processing, and online cargo check-in for member airlines and cargo shippers. The company serves international carriers and freight forwarders as the dedicated cargo terminal operator at Vietnam's primary northern international gateway.

Product overview

Noibai Cargo Terminal Services Joint Stock Co (NCTS) is a cargo terminal operator at Noi Bai International Airport in Hanoi, Vietnam, providing a suite of air cargo handling services. The core product is its cargo terminal services covering import, export, and other cargo handling operations. Supporting the core services are digital modules including the NCTS Customer Service App (iOS and Android), eDO (Electronic Delivery Order) for digital cargo order management, Online Cargo Check-in for remote cargo acceptance, and a Member Registration system for customer onboarding. Services span from international cargo dispatch and collection to freight forwarding support.

Differentiator

Problem solved

Functional benefit

Products and services

• Air Cargo Terminal Handling Services (Import & Export) End-to-end air cargo terminal handling for import and export shipments at Noi Bai International Airport, including cargo receipt, storage, documentation, and release. The service is provided to international airlines and cargo shippers operating at Vietnam's northern international gateway.
• Stevedoring Services Loading and unloading of cargo to and from aircraft at Noi Bai International Airport, provided to airline customers as part of NCTS's ground-handling operations.
• NCTS Customer Service Mobile Application Mobile application for iOS and Android that allows NCTS customers (airlines, cargo shippers, freight forwarders) to access electronic delivery orders, online cargo check-in, and member services on the go.

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and major.

• Tổng Công ty Hàng không Việt Nam (Vietnam Airlines Corporation)coreStrategic or Co-development PartnerVietnam Airlines Corporation is a major shareholder of NCTS. The company operates cargo handling services for Vietnam Airlines at Noi Bai Airport and collaborated on special relief flights including Venezuela relief operations.
• Eva AirmajorStrategic or Co-development PartnerEva Air (BR) is a prestigious 5-star airline from Taiwan. NCTS provides cargo handling services and received a letter of commendation for service quality during 2024-2025.
• Noi Bai Customs Office (Hải quan CKSBQT Nội Bài)coreStrategic or Co-development PartnerNCTS works with Noi Bai Customs office for cargo clearance and documentation processing. The company publishes announcements regarding cargo tracking and ownership search procedures.
• Multiple International Airlines Partner NetworkmajorStrategic or Co-development PartnerNCTS serves multiple international airlines including Aeroflot, Air China, Asiana Airlines, Cebu Pacific, China Airlines, Thai Airways, Qatar Airways, and others. The company displays partner airline logos on their website indicating established service relationships.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• SATS Ltd. Singapore-based air cargo and ground handling services group operating gateway services across Asia-Pacific. Directly comparable to NCTS as an airport-based cargo handling and ground services operator serving major international airlines, with a much broader regional footprint.
• Saigon Ground Services (SAGS): Vietnamese aviation ground handling company based at Tan Son Nhat International Airport, providing passenger, ramp, and cargo services. Directly comparable to NCTS as a Vietnamese aviation services operator at a major international gateway, with overlapping airline customers.
• Cathay Pacific Services Ltd (CPSL): Air cargo terminal operator at Hong Kong International Airport, historically linked to Cathay Pacific. Closely comparable to NCTS as an airline-affiliated air cargo terminal services provider handling import/export cargo at a major international hub.
• VIAGS (Vietnam Airport Ground Services): Vietnamese airport ground services company affiliated with Vietnam Airlines, providing passenger and cargo handling at major Vietnamese airports. Directly comparable to NCTS as a domestic Vietnamese ground and cargo handling operator competing for similar airline customers at overlapping airports.
• Hong Kong Air Cargo Terminals (Hactl): Operator of the SuperTerminal 1 air cargo complex at Hong Kong International Airport. Directly comparable to NCTS as a dedicated air cargo terminal operator at a major Asian international gateway, serving a wide base of international airlines.

Broad incumbents

• Dnata: Global aviation services arm of the Emirates Group, providing cargo, ground, and travel services across major airports. Broadly comparable to NCTS as a large-scale air cargo handling provider, though with a much wider global portfolio.
• Worldwide Flight Services (WFS): Global air cargo, ground handling, and airline services provider serving major international gateways. Comparable to NCTS in air cargo handling scope, with overlapping airline customers but a much broader global network.
• Swissport International: World's largest air cargo and ground handling services group, operating at hundreds of airports globally. Broadly comparable to NCTS as a provider of airport-based cargo handling and ramp services for international airlines, but at significantly greater scale.
• Menzies Aviation: Global provider of ground handling and air cargo services at more than 200 airports. Broadly comparable to NCTS in offering cargo handling and ramp services to international airlines, but at significantly greater scale and geographic reach.

Regional players

• Bangkok Flight Services (BFS): Thailand-based provider of airline ground handling and cargo services at Bangkok airports. Comparable to NCTS as a Southeast Asian regional air cargo and ground handling operator serving international airlines, although operating in Thailand rather than Vietnam.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/noibai-cargo-terminal-services-joint-stock-co

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Noibai Cargo Terminal Services Joint Stock Co