A view of the Vietnam Airlines Shareholders' Meeting.
The Vietnam Airlines General Shareholders' Meeting voted on the following items: Offering additional shares to existing shareholders to increase capital by VND 9,000 billion; approving the decision to invest in 50 narrow-body aircraft as part of the fleet modernization plan; selecting an independent auditing firm to prepare financial statements for the years 2025-2027…
Responding to a shareholder's question about the removal of HVN shares from special control status, a representative of the Vietnam Airlines Board of Directors stated that the Corporation has a specific roadmap for this issue. Many solutions to improve the company's financial situation have been and are being implemented, including solutions from within the company and solutions from state shareholders.
In order to strengthen its financial foundation, enhance its competitiveness, and create favorable conditions for sustainable development, Vietnam Airlines plans to increase its charter capital by VND 22,000 billion. Of this, VND 9,000 billion will be raised through share issuance in 2025, followed by a further increase of VND 13,000 billion in 2026.
Increasing charter capital will help Vietnam Airlines improve its liquidity, enhance the quality of its financial indicators, and reduce its debt ratio. This will also facilitate the airline's access to capital for fleet development, service quality improvement, and the implementation of long-term strategies.
In addition to increasing capital, Vietnam Airlines continues to accelerate the restructuring of its organizational structure towards a leaner, more efficient, and flexible model. At the same time, it focuses on optimizing operational processes to improve business efficiency, reduce costs, and enhance customer service quality.
According to Mr. Dang Ngoc Hoa, Chairman of the Board of Directors of Vietnam Airlines, in 2024, in addition to favorable factors such as the impressive growth of the international passenger market and gradually stabilizing fuel prices, Vietnam Airlines will continue to face many difficulties and challenges such as the slow global economic recovery, inflationary pressure, exchange rate fluctuations, and aircraft shortages…
In this context, Vietnam Airlines has proactively continued to implement many comprehensive solutions such as a complete restructuring of its organizational structure, optimizing operating costs, and expanding its international flight network; and developing and implementing a comprehensive restructuring plan to achieve long-term sustainable recovery and development.
As a result, the Corporation's revenue in 2024 reached VND 112,777 billion, exceeding the planned target by 8%; consolidated after-tax profit reached a record high of VND 7,958 billion, marking the best result in its operating history.
Transport volume also recorded strong growth with 22.7 million passengers, an 8% increase compared to the previous year, and over 314,000 tons of cargo. Fleet operational efficiency improved significantly, with average flight hours per aircraft increasing compared to 2023.
In the first quarter of 2025, Vietnam Airlines recorded impressive business results, with estimated consolidated pre-tax profit reaching nearly VND 3,625 billion, transporting 6.2 million passengers, an increase of 6.7% compared to the same period last year.
With clearly defined financial solutions and development strategies, Vietnam Airlines is making continuous efforts to recover and rise strongly. This extraordinary general meeting of shareholders is expected to be a crucial turning point in helping the Corporation realize its major goals in the restructuring and modernization process, contributing to the development of Vietnam's aviation industry.
Source: https://nhandan.vn/vietnam-airlines-phat-hanh-co-phan-tang-von-dieu-le-9000-ty-dong-post879888.html
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