Record revenue
On June 25, Vietnam Airlines held an annual general meeting of shareholders in 2025 to approve the audited 2024 financial report, the 2024 Board of Directors' performance report, the production and business plan and orientation for 2025.
At the Congress, the Board of Directors of Vietnam Airlines reported on the production and business results in 2024 with many outstanding highlights. Consolidated revenue reached VND 112,776 billion and consolidated profit after tax reached VND 7,958 billion, marking the highest level in the history of operations of Vietnam Airlines.
2024 is a pivotal year in Vietnam Airlines' recovery and growth process. The airline has conducted 139,700 safe flights, transporting 22.75 million passengers, achieving an on-time rate of 85% and a fleet readiness coefficient of 95%. The airline's flight network has been completely restored and has grown compared to the pre-pandemic period, with 58 international routes and 38 domestic routes, connecting to 52 destinations in 18 countries. Vietnam Airlines continues to be the only airline to operate all domestic destinations in Vietnam.
Key areas such as flight operations, engineering, services, goods and e-commerce all recorded positive results. Member units such as VAECO, SKYPEC, VIAGS, NCTS, TCS, NCS, VACS... continue to affirm their key role in the ecosystem of the Corporation, contributing significantly to the overall consolidation results.
Vietnam Airlines has successfully converted passenger service systems (PSS); Management of technical and spare parts for the flight crew (MRO IT), to improve service quality and optimize aircraft repair and maintenance.
Accelerating investment, expanding exploitation capacity
Entering 2025, Vietnam Airlines will deploy solutions to promote exploitation capacity, improve operational efficiency and expand the market.
In particular, investing in a new generation fleet is one of the strategic tasks. The airline will complete preparations for the investment project of 50 modern narrow-body aircraft with a total investment of more than VND 92,000 billion, expected to be deployed from 2030 to 2035. The project's goal is to improve fuel efficiency, reduce emissions and improve competitiveness.
Vietnam Airlines is also expanding its investment in technical infrastructure at strategic airports such as Long Thanh and Noi Bai, while enhancing ancillary services such as engineering, meals and logistics to complete the value chain. In the first half of 2025, the airline has opened 5 new international routes to Beijing, Bangkok, Bengaluru, Hyderabad and Busan, while restoring 4 important routes to Moscow, Bali, Kuala Lumpur and Hong Kong. The two key routes to Milan and Copenhagen will be operated from July and December this year, respectively.
Sustainable development, comprehensive digital transformation
In 2025, Vietnam Airlines aims to transport 25.4 million passengers and 346 thousand tons of cargo, up 11.6% and 11.5% respectively compared to 2024. Consolidated revenue is expected to reach VND 116,715 billion, up 3.5% over the same period. With the capital increase plans approved by the General Meeting of Shareholders, it will create a solid financial foundation for the next development stages.
Vietnam Airlines has determined its orientation to become a top 2 airline in Southeast Asia in terms of scale, in the top 10 most popular airlines in Asia, maintaining 4-star service standards and aiming to reach 5-star international standards. To realize this goal, the company has implemented a comprehensive restructuring project including restructuring assets, capital, investment portfolios and innovating the governance model.
Digital transformation continues to be a strategic priority. Vietnam Airlines is promoting cooperation with technology partners such as VNPT and FPT to provide wifi services, modernize the system, enhance automation and enhance customer experience throughout the journey. The comprehensive electronic identification system has been put into operation in the spirit of Resolution No. 57-NQ/TW on innovation and national digital transformation.
Regarding sustainable development, Vietnam Airlines is developing an ESG roadmap with specific goals on reducing carbon emissions, using fuel economy and aiming to research and apply sustainable aviation fuel (SAF). At the same time, the company focuses on developing high-quality human resources, building a modern corporate culture and enhancing governance capacity according to international standards.
