Economist Tran Du Lich nominated for Vietravel Board of Directors

Mr. Tran Du Lich has been involved in Vietnam's economy for decades, with extensive experience in both policy planning, policy review and business management.

Strategic personnel with extremely 'huge' profiles

Vietnam Tourism and Transport Marketing Joint Stock Company - Vietravel (UPCoM: VTR) has just announced the plan to elect additional members to the Board of Directors at the 2025 Annual General Meeting of Shareholders, for the 2024 - 2029 term. This change is to fill the power gap after Mr. Le Kien Thanh resigned on April 25.

The replacement nominee is a veteran economist , holding a PhD in Economics from the Leningrad University of Economics and Finance, and also a Lawyer of the Ho Chi Minh City Bar Association, Mr. Tran Du Lich.

Economist Tran Du Lich (Photo: Tien Phong)

Currently, Mr. Tran Du Lich is taking on many policy-making roles: Member of the Government's National Monetary and Financial Policy Advisory Council; Member of the Ho Chi Minh City Science Council and Chairman of the National Assembly's Resolution 98 Implementation Advisory Council.

Previously, the economic expert had left his mark in many important positions, such as: Director of the Ho Chi Minh City Institute of Economics; National Assembly Delegate of the 9th, 12th, and 13th terms; Member of the National Assembly Economic Committee; Deputy Head of the National Assembly Delegation of the 12th and 13th terms; Lawyer of the Ho Chi Minh City Bar Association; Member of the Central Theoretical Council; Member of the Prime Minister's Economic Advisory Group.

Mr. Tran Du Lich also has many published scientific research works; chaired and co-chaired many projects and programs on economic development and economic institutional innovation for Ho Chi Minh City. His research works are the scientific basis for direct advice to the Ho Chi Minh City Party Committee and People's Committee on city management and development; at the same time, they are the practical basis for contributing many policies to the Central Government.

For his contributions, he was awarded the Third Class Labor Medal and many certificates of merit from the Prime Minister and Ho Chi Minh City People's Committee.

Increase charter capital 2.4 times

In addition to adding strategic personnel to the Board of Directors, Vietravel continues to accelerate its journey to strengthen its financial foundation, with a proposal to increase its charter capital at the upcoming 2025 Annual General Meeting of Shareholders.

Specifically, the company proposed to increase its charter capital from VND292.9 billion to VND693.6 billion, equivalent to issuing about 40 million additional shares to the market. Of which, 28.6 million shares will be offered to existing shareholders at a ratio of 1:1, with an expected price of VND12,000/share; nearly 8.6 million bonus shares will be issued at a ratio of 100:15 and 2.8 million ESOP shares.

The goal of this mobilization is to strengthen internal financial resources, create room for Vietravel to expand operations, respond to market fluctuations and improve competitiveness in the coming time.

In 2025, Vietravel's board of directors plans to have revenue of VND9,550 billion, an increase of 42% compared to 2024. The main driving force comes from the comprehensive restoration of travel capacity, boosting air ticket revenue and deploying new service segments, which means expanding both horizontally and deeply.

Regarding sales channel strategy, Vietravel continues to shift to digital, aiming for revenue from online channels to account for 12-15% of FIT (individual customers) and inbound, a sharp increase compared to last year. Revenue from the international market, including inbound and foreign branch operations, is expected to contribute at least 10% of total revenue, growing by about 5% compared to 2024.

Notably, at this congress, Vietravel will present a plan to change the company name to Vietravel Tourism Joint Stock Company. This is both a move to simplify administrative procedures and a step to "reshape the brand", clarify the core mission and increase recognition in the new development journey.

It is known that Vietravel is currently a large domestic and international travel company in Vietnam, with total assets reaching 2,652 billion VND by the end of 2024. At the top of the power pyramid is Mr. Nguyen Quoc Ky - Chairman of the Board of Directors, who directly holds 11% of the capital; Vietravel Group (founded by him) also holds about 14.5% of the capital.

East China

Source: https://congthuong.vn/chuyen-gia-kinh-te-tran-du-lich-duoc-de-cu-hdqt-vietravel-386640.html