Vietnam Airlines (Stock Code: HVN) has successfully raised over VND 8,970 billion through the public offering of 900 million shares, marking the conclusion of this capital increase round.
According to the report submitted to the State Securities Commission, Vietnam Airlines distributed 897 million shares, equivalent to 99.68% of the total offered, at a price of VND 10,000 per share. The total proceeds reached over VND 8,971 billion. After deducting issuance costs, the net capital injected into the company amounts to VND 8,970 billion.
The remaining 2.9 million unsold shares will not be further offered, as decided by the Board of Directors.
Post-issuance, Vietnam Airlines’ capital structure has increased to over 3.11 billion shares, corresponding to a chartered capital of VND 31,115 billion. Domestic shareholders hold more than 91% of the shares, while foreign investors hold the remaining 8.99%.
The three major shareholders maintain significant ownership stakes: the Ministry of Finance holds 39.29%, the State Capital Investment Corporation (SCIC) holds 47.13%, and ANA Holdings Inc. (Japan) holds 5.62%. This structure reinforces state control over the national airline, with state ownership exceeding 86%.
During this capital increase, the Ministry of Finance’s subscription rights were transferred to SCIC, making SCIC the largest shareholder.
As planned, the additional shares are expected to be registered with the Vietnam Securities Depository and Clearing Corporation in Q4/2025 before being officially listed for trading.
Vietnam Airlines stated that the entire proceeds will be used to repay debts. Specifically, approximately VND 6,000 billion will be allocated to settle supplier debts and a portion of recapitalization loans, while the remaining VND 3,000 billion will be used to repay short-term and long-term loans due.
As of the closing session on September 29, HVN shares closed at VND 35,000 per share, with a market capitalization of VND 109,000 billion.
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