Vietnam Airlines earns nearly 1.46 trillion VND in pre-tax profit
Vietnam Airlines earns nearly 1.46 trillion VND in pre-tax profit in Q1
The Vietnam Airlines Corporation earned nearly 1.46 trillion VND (64.3 million USD) in pre-tax profit in the first three months of the year, 6.2 percent higher its set plan.
The Vietnam Airlines Corporation earns nearly 1.46 trillion VND (64.3 million USD) in pre-tax profit in the first quarter of 2018. (Photo: Vietnam Airlines)
Hanoi (VNA) – The Vietnam Airlines Corporation earned nearly 1.46trillion VND (64.3 million USD) in pre-tax profit in the first three months ofthe year, 6.2 percent higher its set plan.
During the period, the corporation transported nearly 5 million passengers, up5 percent from the same period last year. Travel demands shot up in key flightsto Northeast Asian countries like Japan and the Republic of Korea.
The national flag carrier carried out 33,000 safe flights with its rate of OnTime Performance (OTP) reaching over 90 percent.
In the first quarter of the year, the airlines continued efforts to better itsfour-star service quality. Particularly, Vietnam Airlines’ application ofinformation technology into its service brought convenience to passengers whilemaking contributions to easing overload at many airports, especially Tan SonNhat International Airport in Ho Chi Minh City.
The rate of customers making their own online check-in via website, mobile orcheck-in kiosks at Tan Son Nhat, Noi Bai and Da Nang airports stood at highlevel of nearly 50 percent.
In addition, thanks to the company’s stable development, professional workingenvironment, and sound remuneration, it ranked among the top 20 working placesin Vietnam, according to the rating of Anphabe career network and IntageVietnam.
In the second quarter of this year, Vietnam Airlines is continuing to focus itsresources to ensure safe operation and security. The firm recently received the 12th A350 wide-body aircraft and work to assure its four-star service in line withinternational standards, particularly during peak national and summer holidays.
Also, it will organise the 2018 shareholders meeting and carry out a plan toincrease its chartered capital by offering shares to current shareholders andsell the rights to buy shares of State shareholders.-VNA
Vietnam Airlines announced on April 11 that it would increase domestic flights to meet the high travel demand of passengers during the Reunification Day (April 30) and May Day (May 1).
Vietnam Airlines has been selected as one of the global TripAdvisor community's favourite airlines along with other 4- and 5-star airlines of Asia such as Singapore Airlines, Japan Airlines, Cathay Pacific, and EVA Air.
The Ministry of Transport expects to collect at least 2.235 trillion VND (98.45 million USD) from the sale of more than 371.53 million rights to buy preference stakes in the Vietnam Airlines Corporation.
Vietnam Airlines and Singapore Technologies Aerospace Ltd (ST Aerospace) signed a memorandum of understanding (MOU) on April 26 to establish a joint venture for aircraft maintenance.
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&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The Vietnam Airlines Corporation earns nearly 1.46 trillion VND (64.3 million USD) in pre-tax profit in the first quarter of 2018.
