Vietjet reports over 900 billion VND in profit in Q4/2022
Vietjet Air saw an impressive recovery after the COVID-19 pandemic as it recorded a year-on-year rise of 175% in net revenue to 7.35 trillion VND (313.4 million USD), and earned profit of 902 billion VND in the last quarter of 2022.
Hanoi (VNA) - Vietjet Air saw an impressiverecovery after the COVID-19 pandemic as it recorded a year-on-year rise of 175%in net revenue to 7.35 trillion VND (313.4 million USD), and earned profit of902 billion VND in the last quarter of 2022.
The company’s revenue in 2022 hit 32.5 trillion VND, whileprofit was limited, reaching only 215 billion VND.
It also contributed over 4.3 trillion VND worth of directand indirect taxes, fees and charges to the State budget.
Last year, the carrier transported 20.5 million passengersaboard 116,000 flights, in which domestic transport increased by 20% comparedto 2019 before the COVID-19 broke out.
Vietjet opened more than 20 new routes in 2022, mainly tothe Indian market. As of December 31, 2022, Vietjet had operated a total of 103routes.
In 2023, Vietjet expects high revenue growth thanks to thereopening of the Chinese market and the increased exploitation of potentialinternational markets including India, the Republic of Korea, Japan andAustralia./.
Vietjet Air, Vietnam’s largest private carrier, has announced its opening of a route linking Ho Chi Minh City to Melbourne of Australia starting March 31.
Buget carrier Vietjet’s Flight VJ5317, departing from China’s Chengdu international airport, landed at Cam Ranh international airport, the south-central coastal province of Khanh Hoa, on January 23 morning, the second day of the Lunar New Year festival.
Minister for Trade and Investment of Victoria state of Australia Tim Pallas has announced Vietnamese carrier Vietjet’s decision to choose Melbourne city as the destination for its first flights to Australia and establish its office in the state.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Vietjet aircraft (Photo: VNA) 
