Vietjet’s Q1 pre-tax profit leaps 113 percent year on year
As the aviation and tourism industries have bounced back strongly, the Vietjet Aviation Joint Stock Company kicked off 2022 with great performance, posting a year-on-year surge of 113 percent in pre-tax profit in the first quarter.
HCM City (VNA) - As theaviation and tourism industries have bounced back strongly, the Vietjet Aviation Joint Stock Company kicked off 2022with great performance, posting a year-on-year surge of 113 percent in pre-taxprofit in the first quarter.
The firmattributed the impressive performance to the rapid recovery of passengertransport and the ever-growing cargo business, which respectively grew by 76 percentand 94 percent in Q1.
In the time under review,Vietjet’s consolidated revenue reached 4.522 trillion VND (about 197 millionUSD) while the after-tax profit was 244 billion VND, up 12 percent and 98percent from a year earlier, respectively.
Vietnam’saviation and tourism sectors have fully reopened since late last year to meetthe rising travel demand. In the first three months of 2022, Vietjet resumedits entire domestic network as well as regular international services. Itoperated a total of 20,000 flights with more than 3 million passengers onboardacross 60 domestic and international routes.
The carrieralso airlifted more than 12,500 tonnes of cargo during the three months.
An attendant serves on a Vietjet flight (Photo: Vietjetair.com)
Accordingto its 2021 audited financial statements, the parent company earned 9.065trillion VND in revenue with the audited post-tax profit increasing by 91percent over the compiled financial statement thanks to gains in financial activities.
Meanwhile,Vietjet’s consolidated revenue and after-tax profit in 2021 reached 12.875 trillionVND and 80 billion VND, respectively. Rising costs from deferred income taxesresulted in a lower consolidated after-tax profit than in the 2021 compiledstatements.
As ofDecember 31, 2021, Vietjet’s total assets approximated 51.654 trillion VND. Itsdebt-to-equity ratio stayed at 0.9 while the liquidity ratio was at 1.6, whichwere considered good indicators in the aviation industry.
Lastyear, the airline operated nearly 42,000 flights across its network with morethan 5.4 million passengers onboard and over 66,000 tonnes of cargo./.
Budget carrier Vietjet on March 27 resumed the first international service to the central city Da Nang from Bangkok, Thailand, reaffirming its leading role as the largest flight capacity provider between the two countries while pioneering in boosting the post-pandemic recovery of tourism and trade connectivity across the region.
Vietjet Aviation Joint Stock Company (HoSE: VJC) has released its financial statements for the fourth quarter of 2021, reporting a consolidated after-tax profit of 100 billion VND (approx. 4.4 million USD) which saw an increase of 46 percent from the previous year.
Thai Vietjet, an affiliate of Vietnamese new-age carrier Vietjet Air, has successfully commenced the maiden flight from Bangkok to Singapore, with a welcome ceremony at Singapore Changi International Airport.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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.
An aricraft of Vietjet (Photo: Vietjetair.com) 
An attendant serves on a Vietjet flight (Photo: Vietjetair.com) 
