Vietnam Airlines earns nearly 1.46 trillion VND in pre-tax profit
Vietnam Airlines earns nearly 1.46 trillion VND in pre-tax profit in Q1
The Vietnam Airlines Corporation earned nearly 1.46 trillion VND (64.3 million USD) in pre-tax profit in the first three months of the year, 6.2 percent higher its set plan.
The Vietnam Airlines Corporation earns nearly 1.46 trillion VND (64.3 million USD) in pre-tax profit in the first quarter of 2018. (Photo: Vietnam Airlines)
Hanoi (VNA) – The Vietnam Airlines Corporation earned nearly 1.46trillion VND (64.3 million USD) in pre-tax profit in the first three months ofthe year, 6.2 percent higher its set plan.
During the period, the corporation transported nearly 5 million passengers, up5 percent from the same period last year. Travel demands shot up in key flightsto Northeast Asian countries like Japan and the Republic of Korea.
The national flag carrier carried out 33,000 safe flights with its rate of OnTime Performance (OTP) reaching over 90 percent.
In the first quarter of the year, the airlines continued efforts to better itsfour-star service quality. Particularly, Vietnam Airlines’ application ofinformation technology into its service brought convenience to passengers whilemaking contributions to easing overload at many airports, especially Tan SonNhat International Airport in Ho Chi Minh City.
The rate of customers making their own online check-in via website, mobile orcheck-in kiosks at Tan Son Nhat, Noi Bai and Da Nang airports stood at highlevel of nearly 50 percent.
In addition, thanks to the company’s stable development, professional workingenvironment, and sound remuneration, it ranked among the top 20 working placesin Vietnam, according to the rating of Anphabe career network and IntageVietnam.
In the second quarter of this year, Vietnam Airlines is continuing to focus itsresources to ensure safe operation and security. The firm recently received the 12th A350 wide-body aircraft and work to assure its four-star service in line withinternational standards, particularly during peak national and summer holidays.
Also, it will organise the 2018 shareholders meeting and carry out a plan toincrease its chartered capital by offering shares to current shareholders andsell the rights to buy shares of State shareholders.-VNA
Vietnam Airlines announced on April 11 that it would increase domestic flights to meet the high travel demand of passengers during the Reunification Day (April 30) and May Day (May 1).
Vietnam Airlines has been selected as one of the global TripAdvisor community's favourite airlines along with other 4- and 5-star airlines of Asia such as Singapore Airlines, Japan Airlines, Cathay Pacific, and EVA Air.
The Ministry of Transport expects to collect at least 2.235 trillion VND (98.45 million USD) from the sale of more than 371.53 million rights to buy preference stakes in the Vietnam Airlines Corporation.
Vietnam Airlines and Singapore Technologies Aerospace Ltd (ST Aerospace) signed a memorandum of understanding (MOU) on April 26 to establish a joint venture for aircraft maintenance.
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.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.