National carrier Vietnam Airlines will add 34 aircrafts to its fleet for operation between 2011 and 2015.
The government has guaranteed a leasing contract for Vietnam Airlines to hire eight A321-200 aircrafts for the period.
The carrier is also allowed to buy 26 A321-200 aircrafts in the period, according to a new decision by Prime Minister Nguyen Tan Dung.
Currently, Vietnam Airlines has 70 aircrafts in its fleet, of which 38 are hired planes.
The state-owned carrier has recently re-launched plans to go public but exactly when is not clear.
VNA also plans to launch its direct routes to England and the United States by the end of this year.
Last year it became the first airline in Southeast Asia to join the SkyTeam global airline alliance, which includes Air France and Delta Air Lines of the United States.