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Wednesday, 17/9/2025 | 04:01 GMT+7

Vietnam Airlines escapes negative equity

Vietnam Airlines has eliminated its negative equity after SCIC (State Capital Investment Corporation) disbursed 7,770 billion VND to purchase additional shares in the airline.

SCIC announced this on 16/9.

According to SCIC, the 7,770 billion VND investment through the purchase of Vietnam Airlines shares will help the airline secure stable long-term cash flow, providing additional resources for debt repayment and future fleet expansion plans.

This capital also helps the national airline escape its negative equity situation. The consolidated financial report for the first half of this year showed Vietnam Airlines' equity at a negative 3,100 billion VND as of 30/6.

The shares SCIC recently purchased were part of Vietnam Airlines' issuance of 900 million additional shares to existing shareholders at a price of 10,000 VND. The exercise ratio was 1,000:406, meaning that shareholders owning 1,000 shares could purchase an additional 406 new shares. The airline expects to raise 9,000 billion VND to pay for services supporting production and business activities.

Previously, in 9/2021, SCIC also invested over 6,984 billion VND to support Vietnam Airlines in improving liquidity and maintaining operations during the period heavily affected by the pandemic. Thus, after two disbursements, SCIC now holds a 47.09% stake in Vietnam Airlines.

Following the difficult period caused by the pandemic, Vietnam Airlines' business operations have recovered since the beginning of last year. In the first half of 2025, the national airline achieved consolidated revenue of over 58,680 billion VND, exceeding the same period last year by 10%. Vietnam Airlines recorded a consolidated pre-tax profit of 6,682 billion VND, an increase of 19.3%.

This is also the highest half-year profit ever recorded by the corporation, exceeding the business target for the entire year of 2025. This figure is also double the profit achieved by Vietnam Airlines during the golden period of 2017-2019.

Anh Tu

By VnExpress: https://vnexpress.net/vietnam-airlines-thoat-am-von-chu-so-huu-4939924.html
Tags: SCIC Vietnam Airlines Vietnamese economy Vietnam equity Aviation

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