VIETNAM AIRLINES JSC is the national flag carrier of Vietnam, serving as the backbone of the country's aviation industry. Established on June 30, 2010, the airline operates as a joint stock company, registered under Business ID: 0100107518 with the Hanoi Department of Planning and Investment. Despite facing financial headwinds in recent years, VIETNAM AIRLINES JSC remains a dominant force in air transport, connecting Vietnam to major international and domestic destinations.

Headquartered at No. 200, Nguyen Son Street, Long Bien District, Hanoi, the airline has expanded its reach with operational offices and hubs in Ho Chi Minh City and other key locations.

Leadership and Governance

VIETNAM AIRLINES JSC is led by an experienced executive team:

• Chairman: Dang Ngoc Hoa (Vietnamese)
• General Director: Le Hong Ha (Vietnamese)
• Deputy General Director: Le Duc Canh (Vietnamese)

The airline employs over 21,100 people, ensuring seamless flight operations, customer service, and aviation logistics.

Financial Overview

In 2023, VIETNAM AIRLINES JSC continued its post-pandemic recovery, recording significant revenue growth, though profitability remains a challenge:

• Total Assets: USD 2.37 billion (-4.81% YoY)
• Total Sales: USD 3.76 billion (+30.01% YoY)
• Equity: USD -699.48 million (reflecting a net capital deficit)
• Profit: USD -231.37 million (reduced losses by 49.82% YoY)

The airline has made strides in improving operational efficiency, though it continues to struggle with negative working capital (-USD 1.9 billion).

Business Operations and Strategic Positioning

As Vietnam’s largest airline, VIETNAM AIRLINES JSC focuses on:

• Passenger air transport (domestic and international routes)
• Freight air transport
• Aircraft maintenance and aviation services
• Real estate and aviation-related business support

The airline operates a modern fleet of over 100 aircraft, including Boeing 787 Dreamliners and Airbus A350s, supporting its long-haul and regional routes.

Risk Management and Market Recovery

With ongoing financial restructuring and government support, VIETNAM AIRLINES JSC is working to stabilize its financial data, enhance business information transparency, and strengthen risk management. Vanguard Business Information LLC (VNBiS) provides critical insights in these areas, ensuring investors and stakeholders stay informed about the airline’s recovery strategy.

As it continues its transformation, VIETNAM AIRLINES JSC is poised to regain its position as a leading carrier in Southeast Asia, capitalizing on Vietnam’s booming tourism and business travel sectors.