Vietnam Airlines postpones shareholders’ meeting until July 16
Vietnam Airlines Group will postpone its shareholders’ meeting until July 16, according to a decision signed by Chairman of Vietnam Airlines Executive Board Pham Ngoc Minh.
Domesitc passengers leave a Vietnam Airlines aircraft at Noi Bai International Airport in Hanoi. Vietnam Airlines has completely restored domestic flights and been expanding its domestic network (Source: VNA)
Hanoi (VNA) - Vietnam Airlines Group will postpone its shareholders’ meetinguntil July 16, according to a decision signed by Chairman of Vietnam AirlinesExecutive Board Pham Ngoc Minh.
The meeting was due to be held on June 29, however, it wasdelayed because the group had not yet completed preparations for themeeting.
In the first quarter of this year, Vietnam Airlines was among Vietnamesebusinesses suffering the most from the COVID-19 pandemic, reporting a drop of26.3 percent to 18.8 trillion VND (808.4 million USD) in net revenue inthe January-March period and an after-tax loss of 2.6 trillion VND.
VNA suspended all international routes. It was only operating domestic routesat a minimum level while increasing operation of cargo flights to facilitatetrade and increase revenue. It has also asked for Government support in termsof a loan package worth 12 trillion VND to help ensure the corporation’ssolvency.
In the second quarter, Vietnam Airlines completely restored domestic flights.Even in May and June, the group also opened a total of 13 domestic routes. InJuly, Vietnam Airlines plans to open five more routes, bringing the totalnumber of domestic routes of the airline to 57.
International passenger transport activities of Vietnam have not been resumeddue to concerns of COVID-19 re-entering the country.
Vietnam Airlines recently announced its restructuring schedule for low-costairline Jetstar Pacific Airlines. The carrier was renamed as PacificAirlines with a new logo and brand identity.
Major shareholder Qantas Airways is willing to divest 30 percent of its capitalfrom Pacific Airlines so that Vietnam Airlines will hold a majority share andcomplete restructuring./.
National flag carrier Vietnam Airlines and the Qantas Group from Australia have recently agreed on changes to their joint venture, Jetstar Pacific, to improve the operations and profits of the budget airline.
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National flag carrier Vietnam Airlines will launch five new domestic routes in July, bringing its total to 57, a representative of the airline announced on June 23.
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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.
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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.
Domesitc passengers leave a Vietnam Airlines aircraft at Noi Bai International Airport in Hanoi. Vietnam Airlines has completely restored domestic flights and been expanding its domestic network (Source: VNA) 
