Vietnam Airlines aims to be among the top 10 most popular airlines in Asia

Vietnam Airlines Corporation has proposed plans to increase capital, financial restructuring, efficiency of business operations and long-term orientation.

Accelerate investment, expand exploitation capacity

At the 2025 Annual General Meeting of Shareholders of Vietnam Airlines on the morning of June 25, according to Mr. Le Hong Ha, General Director of Vietnam Airlines, investing in a new generation fleet is one of the strategic tasks. The airline will complete preparations for the project to invest in 50 modern narrow-body aircraft with a total investment of more than VND92,000 billion, expected to be implemented from 2030 to 2035. The goal of the project is to improve fuel efficiency, reduce emissions and improve competitiveness.

Vietnam Airlines is also expanding investment in technical infrastructure at strategic airports such as Long Thanh and Noi Bai, while enhancing supporting services such as engineering, catering and logistics to complete the value chain.

In the first half of 2025, the airline opened five new international routes to Beijing, Bangkok, Bengaluru, Hyderabad and Busan, and restored four key routes to Moscow, Bali, Kuala Lumpur and Hong Kong. Two key routes to Milan and Copenhagen will be operated from July and December this year, respectively.

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 stages of development.

Identifying digital transformation as a strategic priority, Mr. Ha said that Vietnam Airlines is promoting cooperation with technology partners such as VNPT and FPT to provide wifi services, modernize the system, increase automation and improve 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.

“Vietnam Airlines is determined to become the second largest airline in Southeast Asia in terms of scale, to be among the top 10 most popular airlines in Asia, to maintain 4-star service standards and to aim for international 5-star standards. To realize this goal, the airline is implementing a comprehensive restructuring project including restructuring assets, capital, investment portfolio and innovating the governance model,” Mr. Ha shared.

Regarding sustainable development, according to Mr. Ha, Vietnam Airlines is building a sustainable development roadmap with specific goals on reducing carbon emissions, using fuel economically and aiming to research and apply sustainable aviation fuel (SAF). The airline focuses on developing high-quality human resources, building a modern corporate culture and enhancing management capacity according to international standards.

“Vietnam Airlines is committed to maintaining its role as the leading national airline, providing high-quality services, contributing to economic development and affirming Vietnam's position on the regional and international aviation map,” the General Director of Vietnam Airlines emphasized.

Foreign currency balance of revenue and expenditure

According to Mr. Tran Van Huu, Head of Finance Department of Vietnam Airlines, the airline will increase its charter capital by VND22,000 billion, implemented in two phases, including the first phase increasing by VND9,000 billion in 2025. Currently, the airline has completed the offering documents, submitted them to the State Securities Commission for appraisal and expects to approve them before June 30, at the same time completing the issuance plan and is expected to offer shares to existing shareholders to complete in the third quarter of 2025. Phase 2 will continue to increase charter capital by VND13,000 billion in 2026.

Recognizing the exchange rate risk factors that will affect business, Mr. Huu analyzed that the foreign currency cost structure currently accounts for 65% of total production and business costs. To improve this issue, Vietnam Airlines closely follows forecasted developments related to the impact of foreign exchange rates.

“In 2025, Vietnam Airlines will implement solutions to strengthen its international flight network and have solutions to balance foreign currency revenue and expenditure to reduce the impact of exchange rates,” said Mr. Huu.

Vietnam Airlines positions itself for sustainable development and comprehensive digital transformation. (Photo: PV/Vietnam+)

Previously, at the Congress, the Board of Directors of Vietnam Airlines reported 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 Vietnam Airlines.

2024 is a pivotal year in the recovery and growth process of Vietnam Airlines. The airline has operated 139,700 safe flights, transported 22.75 million passengers, achieved an on-time performance index of 85% and a fleet availability index of 95%. The airline's flight network has been fully restored and 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 operating all domestic destinations in Vietnam./.

According to VNA

Source: https://baothanhhoa.vn/vietnam-airlines-dat-muc-tieu-vao-nhom-10-hang-bay-duoc-ua-chuong-nhat-chau-a-253181.htm