Vietnam Airlines makes impressive performance in 2015
Minister of Transport Dinh La Thang praised Vietnam Airlines for its prominent outcomes in 2015 at a conference in Hanoi on December 30.
A Boeing 787-9 Dreamliner of Vietnam Airlines at Heathrow airport, London (Source :VNA)Reports presented at the conference showed that the national flag carrier conducted over 127,500 safe flights in 2015, representing a year-on-year increase of 3.5 percent.
It transported more than 17.4 million passengers during the year, earning 69.3 trillion VND (3.08 billion USD) in revenue and 1.4 trillion VND (62.2 million USD) in pre-tax profit, 129 percent higher than the set target.
Even though it faced numerous challenges due to fluctuating foreign exchange rates and poor domestic airport infrastructure, the firm fulfilled its key objectives and created breakthroughs in reforming its fleet and improving service quality.
The airline made progress in restructuring and equitisisation. After becoming a joint stock company from April 1, 2015, Vietnam Airlines worked hard to seek strategic investors. It has so far basically completed negotiations for share purchase contracts with strategic investors.
From 2012-2015, it divested all its shares in 13 fields, up three ones compared to the restructuring plan. The divested amount reached 819 billion VND (36.4 million USD), two times higher than the investment value.
In 2016, the carrier set to transport 19.2 million passengers, up 10.6 percent against 2015. It is expected to post a revenue of 77.8 trillion VND (3.4 million USD) and a pre-tax profit of over 2.3 trillion VND (102.2 million USD).
On the occasion, Vietnam Airlines officially announced the establishment of the Vietnam Airport Ground Service ( VIAGS ) Co., Ltd, which is merged by its Noi Bai, Da Nang and Tan Son Nhat International Airport Ground Service Enterprises .
The formation of VIAGS is one of the key policies in the corporation’s restructuring plan approved by the Prime Minister towards improving its competitiveness and business efficiency, thus contributing to the country’s socio-economic development.
The same day, the Signing Ceremony of the Tripartite Coordination Instrument between Vietnam Airlines, Vietnam Air Traffic Management Corporation (VATM) and the Airports Corporation of Vietnam (ACV) was held.-VNA
You should also see
Prime Minister pays tribute to legendary founders of Vietnam
Prime Minister Pham Minh Chinh and other officials offered incense in commemoration of the Hung Kings, the legendary founders of Vietnam, at Kinh Thien Palace on Nghia Linh Mountain in Viet Tri city, the northern province of Phu Tho, on April 18 (the 10th day of the third lunar month).
See more
Business
Overseas remittances to HCM City record highest increase in three years
Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.
Business
Thu Duc city seeks investment in 11 PPP projects
Authorities of Thu Duc city, Ho Chi Minh City, held a conference on April 17 to draw investment in 11 public-private partnership (PPP) projects in the fields of education, culture and sports, with a total capital of over 2 trillion VND (83.3 million USD).
Videos
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Forum discusses support for women-owned firms to join supply chains
A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.
Business
Satisfaction of administrative services improves
Vietnamese citizens had greater satisfaction with the administrative services provided by State agencies last year, according to the Satisfaction Index of Public Administration Services (SIPAS) 2023 announced by the Ministry of Home Affairs (MoHA) on April 17.
