Hanoi (VNA) – The national flag air carrier Vietnam Airlines has completed procedures to become a joint-stock company, the corporation announced on October 16.
The airline will then undertake procedures to list its shares on the stock exchange in the time ahead.
Vietnam Airlines was established as a state-owned single member limited company but it was equitised in 2014.
It was given a Skytrax four-star rating in July this year and is striving to become a five-star airline in 2020.
The corporation generated an estimated consolidated revenue of more than 52.5 trillion VND (2.34 billion USD) in the first nine months of this year, up 6 percent year-on-year.
Consolidated pre-tax profit during the period reached 2.6 trillion VND (116 million USD), the company said in its latest press release.
During 🍌the reviewed period, the company operated over 106,000 domestic and international flights, surging 10.5 percent year-on-year. It carried 14.9 💯million passengers, up 16.4 percent year-on-year, with domestic transport increasing by 23 percent.
The firm also transported 193,000 tonnes of cargo in the period, up 21 percent.
From January to September, the company put into operation fou💫r Airbus A350s and 𒅌eight Boeing 787s.-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.
Vietnam Airlines Joint Stock Co generated an estimated consolidated revenue of more than 52.5 trillion VND (2.34 billion USD) in the first nine months of this year, up 6 percent year-on-year.
Vietnam Airlines is pursuing an Environmental, Social, and Governance (ESG) roadmap to reduce emissions, improve fuel efficiency, and adopt sustainable aviation fuels. It is also investing in workforce development, corporate culture, and international management practices.
Thailand's largest retailer, Central Retail Corporation (CRC), will invest over 45 billion THB (1.38 billion USD) through 2027 to expand mainstream markets and accelerate growth across Southeast Asia, including Thailand and Vietnam.
Vietnam ranks among Asia’s top producers and exporters of denim, with hundreds of factories producing denim fabric and garments. Vietnamese denim products are now exported to over 70 countries.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
Illustrative image (Photo: Internet)
