Japan’s ANA group becomes strategic partner of Vietnam Airlines
Japan’s biggest airline ANA Holding Inc (ANA) has completed the purchase of an 8.77 percent stake in Vietnam Airlines, becoming a strategic shareholder of the national flag carrier.
Hanoi (VNA) – Japan’s biggest airline ANA Hold💜ing Inc (ANA) has completed the purchase of an 8𓄧.77 percent stake in Vietnam Airlines, becoming a strategic shareholder of the national flag carrier.
Under the transaction, reached on July 1, ANA paid more than 2.4 trillion VND (109 million USD) for the stake in the Vietnamese carrier.
Vietnam Airlines is scheduled to convene an irregular congress of stakeholders by the end of September in order to gain an approval of new members to the board of directors and amend the corporation’s regulations.
On May 28, General Directors of Vietnam Airlines and ANA Holdings exchanged a document on strategic cooperation in Tokyo.
A Vietnam Airlines representative affirmed that the event is significant to the corporation’s long-term development, helping it renovate its fleets, expand markets and improve its operational efficiency.
The corporation will continue to seek new investors as part of its restructuring efforts, the representative said.
ANA Holdings Group is a parent company of All Nippon Airways and low-cost Vanilla Air. All Nippon Airways is Japan ’s largest carrier in terms of revenue and number of passengers. Its fleet of 240 airplanes transports 47 million passengers each year.
Vietnam Airlines is set to transport 20.1 million passengers this year, an increase of 10.6 percent against 2015. It is also expected to post revenues of 77.8 trillion VND (3.55 billion USD) and pre-tax profits of more than 2.3 trillion VND (105 million USD).-VNA
The Vietnam Airlines aims to serve 20.1 million passengers for a revenue of more than 3 billion EUR in 2016, said Nguyen Quoc Phuong, Director of the airline’s office in France and Europe.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
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The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Illustrative image (Photo: ft.com)
