Vietnam Airlines targets 20 mln passengers in 2016
Shareholders of Vietnam Airlines have agreed on its business plan for 2016 in which the carrier targets carrying about 20.1 million passengers.
Pham Ngoc Minh (R) was elected as Vietnam Airlines' Chairman of the Board of Directors, while Duong Tri Thanh will be the firm’s new General Director. (Photo: VNA)Hanoi (VNA) – Shareholders of Vietnam Airlines have agreed on its business plan for 2016 in which the carrier targets carrying about 20.1 million passengers.
The goal was approved at the airline’s annual shareholders meeting held in Hanoi on May 23, a year after it officially became a joint stock company.
The firm also aims to generate 77.8 trillion VND (3.5 billion USD) in revenue and 2.3 trillion VND (103 million USD) in pre-tax profit this year.
It has earmarked 9.9 trillion VND (444 million USD) for investment with the emphasis on projects that fit its long-term goals and help improve efficiency.
At the meeting, Pham Ngoc Minh was elected as Chairman of the Board of Directors, replacing Pham Viet Thanh who was appointed Secretary of the Central Businesses Bloc’s Party Committee in April.
Duong Tri Thanh was elected as a member of the Board of Directors and the firm’s General Director.
Pham Ngoc Minh was Vietnam Airlines General Director from December 2007 while Duong Tri Thanh was deputy general director since October 2008.
During the first quarter of 2016, Vietnam Airlines operated 34,500 domestic and international flights with more than 4.6 million passengers on board, reflecting a year-on-year increase of 9.3 percent and 11.6 percent, respectively.
The firm earned over 19 trillion VND (852 million USD) in revenue and 1.07 trillion VND (48 million USD) in pre-tax profit, up 13.3 percent and 32.5 percent, respectively, compared to the same period last year.
The airline has been negotiating with ANA Holdings group of Japan, with ANA set to purchase an 8.77 percent stake for about 108 million USD. The deal will be concluded this month.-VNA
You should also see
Vietnam, China promote judicial cooperation
Minister of Justice Le Thanh Long held talks with his visiting Chinese counterpart He Rong in Hanoi on April 19 to discuss measures to promote judicial cooperation between the two countries.
See more
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
