Vietnam Airlines to increase capital by VND22,000 billion

Xuyên Đông |

Information at the workshop organized by Lao Dong Newspaper on July 30, a representative of Vietnam Airlines said that the unit is about to increase capital by 22,000 billion VND.

At the Workshop "Upgrading the stock market, expanding capital mobilization channels for the economy" organized by Lao Dong Newspaper on July 30, Mr. Dang Ngoc Truong, Deputy Head of Finance and Accounting Department, Vietnam Airlines Corporation (Vietnam Airlines) said: In the first 6 months of 2025, Vietnam Airlines' business activities recorded results far exceeding the target.

Based on this active platform, the national airline plans to carry out two increases in charter capital: the first phase with a scale of VND9,000 billion, the second phase with VND13,000 billion.

Regarding the opportunity when Vietnam upgrades the stock market, Mr. Truong said: "In the past, the Government, the Ministry of Finance and the State Securities Commission have made efforts to promote the process of upgrading the stock market. This is a great opportunity for many businesses, including Vietnam Airlines".

According to Mr. Truong, to take advantage of that opportunity, there need to be three key factors:

Firstly, the legal framework and institutions must be synchronous: Not only at the macro level, but also within the enterprise, transparency and compliance with international standards are needed.

Second is the potential of businesses. This is a factor that foreign investors are top of concern when deciding to invest.

Third is market liquidity. A vital factor is to ensure capital circulation and increase the attractiveness of stocks.

Mr. Dang Ngoc Truong added that this enterprise is continuously improving its management capacity and fully fulfilling its tax obligations to the State. "We are transparent in all information, including recruitment and financial plans," Mr. Truong affirmed.

"We believe that this information not only attracts the attention of domestic investors but also creates a strong attraction for foreign investors," Mr. Truong expressed.

Previously, in May 2025, Vietnam Airlines ( stock code HVN) held an extraordinary General Meeting of Shareholders (GMS) in 2025 to discuss and approve many important contents of the restructuring, capital increase and sustainable development strategy.

Along with the information about increasing charter capital by 22 trillion VND, the Congress also approved the decision to invest in a narrow-body fleet in the direction of modernizing the fleet, as well as the plan to select an auditing company for the period 2025 - 2027 and the plan to perfect the personnel of the Board of Directors.

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

In that context, Vietnam Airlines continues to implement many solutions such as comprehensively restructuring the organizational apparatus, optimizing operating costs and expanding the international flight network. The Corporation has also developed and implemented a comprehensive restructuring project to achieve long-term sustainable recovery and development.

According to the report, the consolidated revenue in 2024 of the Corporation reached VND 112,777 billion, exceeding the set plan by 8%. Consolidated after-tax profit reached a record high of VND 7,958 billion, marking the best result in the history of operations.

Transportation output also recorded strong growth with 22.7 million passengers, an increase of 8% compared to the previous year, and more than 314 thousand tons of goods. The flight crew's performance has improved significantly with the average number of flight hours per aircraft growing compared to 2023.

Speaking at the Congress, a representative of Vietnam Airlines emphasized that 2025 is a pivotal year for the Corporation to enter a new stage of development.

Increasing charter capital will help Vietnam Airlines improve liquidity, improve the quality of financial indicators and reduce debt coefficients. This also creates favorable conditions for the airline to access capital sources to serve the development of the airline, improve service quality and implement long-term strategies.

In addition to increasing capital, Vietnam Airlines continues to promote restructuring the organizational apparatus in the direction of streamlining, efficiency and flexibility.

The company focuses on optimizing operating processes to improve production and business efficiency, reduce costs and improve customer service quality.

The Corporation also focuses on innovating management methods, improving the capacity of staff and employees, creating a foundation for strong growth in the coming time.

In its strategy of modernizing the fleet, Vietnam Airlines focuses on investing in narrow-body aircraft to improve operational performance and better meet growing transportation needs.

The Corporation also promoted the opening and restoration of operations of 15 key international routes to markets such as Italy, Russia, Denmark, China, Japan and the UAE. These steps will help Vietnam Airlines expand its market share and enhance competitiveness in the international market.

Vietnam Airlines affirmed that it will continue to closely monitor market developments to provide appropriate solutions, ensure financial safety and optimize business efficiency.

Xuyên Đông
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