Vietnam Airlines issues shares to increase charter capital by 9,000 billion VND

View of Vietnam Airlines Shareholders Meeting.

Vietnam Airlines General Meeting of Shareholders voted on the following contents: Offering additional shares to existing shareholders to increase capital by VND9,000 billion; approving the decision to invest in 50 narrow-body aircraft in the direction of modernizing the fleet; selecting an independent auditing company to conduct financial reports for the years 2025-2027...

Responding to shareholders' questions about HVN shares being removed from special control, a representative of Vietnam Airlines' Board of Directors said that the Corporation has a specific roadmap for this issue. Many solutions to improve the financial situation of the enterprise have been and are being implemented, including solutions from internal resources and solutions from State shareholders.

In order to consolidate a solid financial foundation, enhance competitiveness and create favorable conditions for sustainable development, Vietnam Airlines plans to increase its charter capital by VND22,000 billion. Of which, in 2025, it will issue shares to increase capital by VND9,000 billion and continue to increase by VND13,000 billion in 2026.

The increase in charter capital will help Vietnam Airlines improve its liquidity, improve the quality of its financial indicators and reduce its debt ratio. This will also create favorable conditions for the airline to access capital sources to develop its fleet, improve service quality and implement long-term strategies.

In addition to increasing capital, Vietnam Airlines continues to promote restructuring its organizational structure towards streamlining, efficiency and flexibility. At the same time, it focuses on optimizing operational processes to improve production and business efficiency, reduce costs and improve customer service quality.

Mr. Dang Ngoc Hoa, Chairman of the Board of Directors of Vietnam Airlines, said that in 2024, besides favorable factors such as impressive growth of the international passenger market and gradually stable fuel prices, Vietnam Airlines will continue to face many difficulties and challenges such as slow global economic recovery, inflationary pressure, exchange rate fluctuations and aircraft shortages, etc.

In that context, Vietnam Airlines has proactively continued to implement many synchronous solutions such as comprehensive restructuring of the organizational structure, optimizing operating costs and expanding the international flight network; building and implementing a comprehensive restructuring project to recover and develop sustainably in the long term.

As a result, the Corporation's revenue in 2024 reached VND 112,777 billion, exceeding the plan by 8%; consolidated profit after tax reached a record high of VND 7,958 billion, marking the best result in its history of operations.

Transport volume also recorded strong growth with 22.7 million passengers, up 8% year-on-year, and more than 314 thousand tons of cargo. Fleet 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 consolidated pre-tax profit estimated at nearly VND 3,625 billion, transporting 6.2 million passengers, an increase of 6.7% over the same period last year.

With clearly planned financial solutions and development strategies, Vietnam Airlines is making constant efforts to recover and grow strongly. This extraordinary general meeting of shareholders is expected to be an important turning point to help the Corporation realize its major goals in the restructuring and modernization process, contributing to the development of the Vietnamese aviation industry.

Source: https://nhandan.vn/vietnam-airlines-phat-hanh-co-phan-tang-von-dieu-le-9000-ty-dong-post879888.html