Vietjet’s 2025 Annual General Meeting was held on the afternoon of May 30, 2025
|
Positive revenue, expanding international network
According to the report presented at the meeting, in 2024, Vietjet recorded positive business performance with the highest revenue to date, and an expanding international network that boosted revenue.
In 2024, Vietjet transported 25.9 million passengers (excluding Vietjet Thailand), including over 9 million international passengers, an increase of 18% compared to 2023.
Vietjet launched 20 new international and domestic routes, bringing the total number of routes to 145, including 101 international and 44 domestic routes. Vietjet is the first airline to connect Vietnam with the five largest cities in Australia, and operates the most routes between Vietnam and India, China, South Korea, and Japan…
As per the audited financial results, in 2024, Vietjet recorded consolidated revenue of VND 72,045 billion and pre-tax profit of over VND 1,823 billion.
As of December 31, 2024, Vietjet’s total assets reached nearly VND 99,300 billion, with a debt-to-equity ratio of 2.03 times and a liquidity ratio of 1.58 times, both of which are considered healthy in the aviation industry.
The company’s cash and bank balances, together with the working capital limit, ensured its ability to make payments as planned. In 2024, Vietjet contributed over VND 7,500 billion in direct and indirect taxes and fees to the state budget.
At the beginning of 2025, Vietjet marked an important milestone in its development with its first flight from Vietnam to the United States.
To support its new development plan for the next decade, Vietjet and Airbus signed an agreement to purchase 20 new A330neo wide-body aircraft, bringing the total number of wide-body aircraft on order to 40.
Dr. Nguyen Thi Phuong Thao, Chairwoman of Vietjet’s Board of Directors, speaking at the meeting
|
Speaking at the meeting, Dr. Nguyen Thi Phuong Thao, Chairwoman of Vietjet’s Board of Directors, affirmed her strong belief in the future as Vietjet is ready to embark on a journey to conquer new skies, not only in aviation but also on the global economic development map.
“Vietjet today is not just a pioneer airline, but has become a multinational carrier with a global vision, modern, flexible, and deeply integrated with the world. We continuously expand our international network, enhance our regional and global presence, and pioneer connections to new destinations, opening up opportunities for trade, tourism, and investment.”
“Vietjet is committed to its role as a growth connector between Vietnam and the world, fostering strong links between economies, communities, and cultures. Above all, we continue our noble mission of bringing the dream of flying closer to everyone, with safe, friendly, and internationally-standardized services, and a spirit of constant innovation.”
Offering a diverse range of products and services
To meet the diverse needs of its customers, Vietjet provides modern products and services such as Business class tickets for long-haul flights operated by wide-body A330 aircraft, duty-free shopping, insurance, currency exchange, and more.
Pioneering digital transformation and applying modern technology
Vietjet has been a pioneer in implementing biometric technology for check-in procedures on the VneID application at major airports, offering quick and convenient experiences for passengers and tourists. The company also leads in the application of advanced technology in operations, optimizing costs, and contributing to the development of the aviation industry.
Proactive investment in sustainable development
With a focus on sustainable development, Vietjet continuously invests in ground handling operations, technical services, and human resource development. The company has taken the initiative in ground handling operations at Vietnam’s two largest airports, Tan Son Nhat and Noi Bai, further completing its aviation service chain. Vietjet also invests in aircraft maintenance facilities (hangars) and takes charge of maintaining its modern fleet, including both wide-body and narrow-body aircraft.
|
Vietjet today: + 145 routes, including 101 international and 44 domestic routes + Continuously adding new routes connecting Vietnam with top destinations in Australia, the populous countries of India and China, and further to Europe in the near future + 99.72% technical reliability + Achieved 7/7 stars for safety + Renowned global awards: World’s Best Ultra Low-Cost Airline by AirlineRatings, Best Managed Finance Company by International Finance Magazine, Top 50 Best Listed Companies in Vietnam by Forbes… Chairwoman of Vietjet, Dr. Nguyen Thi Phuong Thao: “Vietjet is committed to its role as a growth connector between Vietnam and the world, fostering strong links between economies, communities, and cultures.” |
Vietjet Ushers in a New Era of Long-Term Growth, Committed to the Development of Aviation
On May 30, Vietjet Aviation Joint Stock Company (HOSE: VJC) held its 2025 Annual General Meeting, setting its sights on the continued expansion of domestic services and investment in its aircraft fleet for long-term growth.
The Great Talent Shuffle at VIX Securities
The VIX Securities has recently undergone a transition with the resignation of two board members, which was approved by the shareholders. Subsequently, the company has appointed two new individuals to fill these vacant positions. This strategic move is expected to bring fresh perspectives and expertise to the board, potentially driving new initiatives and fostering innovation within the company.
The Capital’s Success: 30 Land Plots Auctioned Off in Phu Xuyen District
All 30 land lots were successfully auctioned, generating a impressive total of over 8.2 billion VND. The most expensive plot fetched a staggering 42.9 million VND per square meter, while the lowest winning bid was 19.4 million VND per square meter.
The Automotive Industry Stalls in Q1 Following the End of Registration Fee Incentives
The automotive industry witnessed a boost in the last quarter of 2024 due to a 50% reduction in registration fees. However, this momentum was short-lived as the first quarter of 2025 saw a decline in both vehicle sales and profits. While revenues increased year-over-year, profits took a hit, with only a select few businesses experiencing a turnaround through strategic restructuring.
Title: Resolution 66: Eradicating Fundamental Flaws in Lawmaking.
“President of the National Assembly, Tran Thanh Man, emphasized that Resolution 66 stems from the urgent need to enhance the quality of institutions, unlock resources for development, and address the legitimate aspirations of the people and businesses for a transparent and equitable legal environment.”
