Ho Chi Minh City, November 21, 2025 – Vietravel Tourism Joint Stock Company (stock code: VTR) has just issued a Resolution of the Board of Directors on approving the policy of divesting all capital contributions and terminating the use of the brand name "Vietravel" in Vietnam Airlines Joint Stock Company (Vietravel Airlines) - a member unit founded by Vietravel since 2019.
Pursuant to Resolution No. 60A/NQ-HĐQT-VP dated November 21, 2025, Vietravel's Board of Directors agreed to transfer all 18,463,774 common shares that Vietravel is holding at Vietravel Airlines, equivalent to 100% of the Company's existing capital contribution at this airline. The divestment value is determined not to exceed 10% of Vietravel's total asset value, based on the internally audited financial report for the third quarter of 2025. The expected implementation time is from now until December 31, 2025, to ensure completion of transfer procedures, information disclosure and handover of share ownership in accordance with current law provisions. In this restructuring roadmap, Vietravel Airlines will switch to a new brand name, independent from the Vietravel Tourism Group ecosystem, to ensure transparency, legality and separate brand positioning in the Vietnamese aviation market, opening a new development phase for both sides on the basis of equal and flexible cooperation.
Accordingly, this divestment decision is part of the roadmap for comprehensive restructuring of the Vietravel Tourism Group ecosystem in the 2025-2030 period, with the goal of:
● Focus on core areas of tourism - services - trade, consolidating the position of the leading Tourism Group in Vietnam.
● Optimize financial resources, improve investment efficiency and return on equity.
● Increase flexibility in cooperation strategies with domestic and foreign airlines and partners, instead of maintaining direct ownership investment activities.
Mr. Nguyen Quoc Ky - Chairman of the Board of Directors of Vietravel Tourism Group - shared: "After 30 years of establishment and development, Vietravel Tourism Group is entering a period of strong transformation towards a multi-sector tourism and service group. Divestment from Vietravel Airlines is a strategic step in the process of restructuring the investment portfolio, helping us focus more on core competencies and promote the strength of the entire Vietravel Tourism Group ecosystem."
Vietravel affirmed that the divestment will not affect the business activities, tours and aviation services that the Company is providing to customers. The package tour programs of flying - relaxing - experiencing are still maintained through flexible cooperation with many major domestic and international aviation partners. The Company also emphasized that the process of transferring shares will be carried out transparently, in full compliance with legal regulations, and information will be publicly disclosed on the Information Portal of the State Securities Commission and the Hanoi Stock Exchange.
For more information please contact:
Vietravel Tourism Joint Stock Company
Address: 190 Pasteur, Xuan Hoa Ward, Ho Chi Minh City
Phone: (84.28) 38 668 999
Email: [email protected]
Pursuant to Resolution No. 60A/NQ-HĐQT-VP dated November 21, 2025, Vietravel's Board of Directors agreed to transfer all 18,463,774 common shares that Vietravel is holding at Vietravel Airlines, equivalent to 100% of the Company's existing capital contribution at this airline. The divestment value is determined not to exceed 10% of Vietravel's total asset value, based on the internally audited financial report for the third quarter of 2025. The expected implementation time is from now until December 31, 2025, to ensure completion of transfer procedures, information disclosure and handover of share ownership in accordance with current law provisions. In this restructuring roadmap, Vietravel Airlines will switch to a new brand name, independent from the Vietravel Tourism Group ecosystem, to ensure transparency, legality and separate brand positioning in the Vietnamese aviation market, opening a new development phase for both sides on the basis of equal and flexible cooperation.
Accordingly, this divestment decision is part of the roadmap for comprehensive restructuring of the Vietravel Tourism Group ecosystem in the 2025-2030 period, with the goal of:
● Focus on core areas of tourism - services - trade, consolidating the position of the leading Tourism Group in Vietnam.
● Optimize financial resources, improve investment efficiency and return on equity.
● Increase flexibility in cooperation strategies with domestic and foreign airlines and partners, instead of maintaining direct ownership investment activities.
Mr. Nguyen Quoc Ky - Chairman of the Board of Directors of Vietravel Tourism Group - shared: "After 30 years of establishment and development, Vietravel Tourism Group is entering a period of strong transformation towards a multi-sector tourism and service group. Divestment from Vietravel Airlines is a strategic step in the process of restructuring the investment portfolio, helping us focus more on core competencies and promote the strength of the entire Vietravel Tourism Group ecosystem."
Vietravel affirmed that the divestment will not affect the business activities, tours and aviation services that the Company is providing to customers. The package tour programs of flying - relaxing - experiencing are still maintained through flexible cooperation with many major domestic and international aviation partners. The Company also emphasized that the process of transferring shares will be carried out transparently, in full compliance with legal regulations, and information will be publicly disclosed on the Information Portal of the State Securities Commission and the Hanoi Stock Exchange.
For more information please contact:
Vietravel Tourism Joint Stock Company
Address: 190 Pasteur, Xuan Hoa Ward, Ho Chi Minh City
Phone: (84.28) 38 668 999
Email: [email protected]
Source: https://www.vietravel.com/vn/ban-tin-nha-dau-tu/vietravel-chinh-thuc-thong-qua-chu-truong-thoai-von-khoi-cong-ty-co-phan-hang-khong-lu-hanh-viet-nam-vietravel-airlines-v18143.aspx
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