National flag carrier sees Q1 profit boost from int’l passenger surge, lower fuel prices
Vietnam Airlines Group – including Vietnam Airlines, Pacific Airlines and VASCO – carried nearly 6.2 million passengers in Q1, with Vietnam Airlines accounting for over six million, up 6.5% compared to the same period last year.
Hanoi (VNA) - National flag carrier Vietnam Airlines recorded a pre-tax profit of over 3.6 trillion VND (140 million USD) in the first quarter of 2025, boosted by a strong recovery in international tourism, falling fuel prices and efficient operations.
Vietnam welcomed over six million international tourists in Q1 – the highest ever for the period. Total international passenger traffic reached 11.7 million, up 13.3% year-on-year, while domestic travellers hit nine million, rising 3.6%.
Vietnam Airlines Group – including Vietnam Airlines, Pacific Airlines and VASCO – carried nearly 6.2 million passengers in Q1, with Vietnam Airlines accounting for over six million, up 6.5% compared to the same period last year.
International markets all saw positive growth. Passenger numbers to and from India rose sharply by 26.6%, followed by the Middle East at 25.8% and Northeast Asia at 13.6%, thanks to the recovery of routes to mainland China, Hong Kong and Taiwan (China). High-yield markets like Japan and Australia also showed strong demand, with premium passengers from Japan reaching nearly 90% of pre-pandemic levels.
Its Q1 revenue was estimated at nearly 31.1 trillion VND, with the parent company earning about 25 trillion VND.
According to the carrier, average fuel prices remained around 91 USD per barrel – nearly 5% lower than last year – helping reduce operational costs. In addition to passenger services, cargo operations also recorded positive results, with revenue in Q1 exceeding the projection by over 220 billion VND.
Vietnam Airlines also improved aircraft utilisation by nearly 10%, adjusted flight schedules amid global engine recalls, and leased additional aircraft during the Tet (Lunar New Year) holiday.
♔ The airline continued expanding international routes, introduced inflight Wi-Fi on Airbus A350s, and became the first in Vietnam to implement biometric and digital ID check-in./.
Vietnam Airlines is continuously expanding its fleet and flight network, enhancing service quality, and intensifying the application of new technologies across all business operations, aiming to become a digital airline this year.
The three-day event, a premier platform for travel promotion, spotlighted Vietnam Airlines’ newly resumed Hanoi–Kuala Lumpur route and enhanced connectivity to popular destinations like Sa Pa, Ha Long, Da Nang, and Ho Chi Minh City.
Vietnam Airline Deputy General Director Dang Anh Tuan said that the Lac bird embodies the pioneering spirit, the desire to conquer, and the will to continuously rise, adding displaying the symbol on Boeing 787, a pride of the global aviation technology, showcases the airline’s aspirations to connect the tradition and the future while carrying the Vietnamese identity across the world.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
