On May 15, Vietnam Airlines Corporation (Vietnam Airlines - stock code HVN) successfully 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.
Vietnam Airlines plans to increase charter capital by VND 22,000 billion, implemented in two phases, including an increase of VND 9,000 billion in 2025 and a further increase of VND 13,000 billion in 2026. This capital increase aims to strengthen the financial foundation, improve competitiveness and facilitate sustainable development.
At the meeting, shareholders also discussed and agreed to approve the stock issuance plan to increase charter capital.
The Congress also approved the decision to invest in a narrow fleet of fleet in the direction of modernizing the fleet, as well as the plan to select the audit company for the period 2025 - 2027 and the plan to consolidate 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.
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, up 6.7% over the same period last year.
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.
Vietnam Airlines said that the airline is making efforts to recover and move up. This extraordinary general meeting of shareholders is expected to be an important turning point to help the Corporation realize major goals in the restructuring and modernization process, contributing to the development of the Vietnamese aviation industry.
