Billionaire Nguyen Thi Phuong Thao: Vietjet is committed to bridge Vietnam and the world

(Vietjet, HoChiMinh City, May 30, 2025) - Vietjet Aviation Joint Stock Company (HOSE: VJC) held its annual general meeting for 2025, eyeing further development of domestic services and bigger investment in its fleet for long-term growth.

Positive revenue, expanded international network

It was reported at the meeting that Vietjet in 2024 recorded its highest-ever business performance, with an expanding international network that boosted revenue.

In 2024, Vietjet safely operated 137,500 flights with 25.9 million passengers onboard (excluding Vietjet Thailand), including over 9 million international passengers which saw an 18% increase YoY.

Having launched 20 new international and domestic routes, Vietjet’s flight network has increased to 145 routes, including 101 international and 44 domestic ones. Vietjet became the first airline to connect Vietnam with the five largest cities in Australia and also the largest airlines in terms of the number of routes between Vietnam and India, China, South Korea, and Japan.

According to audited financial statements, Vietjet in 2024 reported parent company’s revenue of VND71.734 trillion (approx. US$2.76 billion), with a pre-tax profit of VND1.748 trillion (approx. US$67.2 million). Consolidated revenue reached over VND72.045 trillion (approx. US$2.77 billion), with a pre-tax profit exceeding VND1.823 trillion (approx. US$ 70.1 million).

As of December 31, 2024, Vietjet's total assets reached nearly 99.3 trillion VND (approx. US$3.82 billion), with a debt-to-equity ratio of 2.03 and a liquidity ratio of 1.58, both of which are considered good in the aviation industry.

Cash reserves and bank deposits, along with working capital limits, ensure that the company meets its payment obligations as planned. Vietjet paid a total of more than VND7.5 trillion  (approx. US$288.3 million) of direct and indirect taxes and fees in 2024.

At the beginning of 2025, Vietjet marked a significant milestone by launching its first flight from Vietnam to the United States.

To support its development plans for the coming decade, Vietjet has nailed a new deal with Airbus to purchase 20 wide-body A330neo aircraft, increasing its order for wide-body aircraft to 40.

At the conference, Vietjet’s Board of Directors Chairwoman, Dr. Nguyen Thi Phuong Thao expressed strong confidence in the future of Vietjet as the airline is ready to reach new horizons in the aviation industry while leaving its mark on the global economic development map.

“Vietjet today is not just a pioneering airline but also a multinational one with aspirations to fly far, stay modern and flexible, and deeply integrate with the world.We never cease to expand our international flight network, enhancing our presence in the region and globally, while leading the way in connecting new destinations to wide open up opportunities for trade, tourism, and investment.

Vietjet is committed to always be a dynamic bridge between Vietnam and the world – fostering strong connections between economies, communities, and cultures.Above all, we persist in fulfilling our noble mission: to bring the flying dream closer to everyone – with safe, friendly and international-standard service and an unwavering spirit of innovation.”

Diverse Products and Services
To meet all customer needs, Vietjet offers modern services such as Business Class tickets for long-haul flights operated with wide-body A330 aircraft; duty-free shopping, insurance, currency exchange, and more.

Pioneering Digital Transformation - Implementing Modern Technology
Vietjet has taken the lead in implementing biometric applications for check-in through the VneID app at major airports, providing a quick and convenient check-in experience for residents and travelers. Advanced technology is also being rolled out across its operations to optimize costs, contributing to the development of the aviation industry.

Proactively Investing in Sustainable Development
With a sustainable development plan, Vietjet continuously invests in ground operations, technical services, and human resource training. The airline has actively operated ground service at Vietnam’s two largest airports, Tan Son Nhat and Noi Bai, further enhancing its aviation service chain. Vietjet also invests in aircraft maintenance facilities (hangars), ensuring proactive maintenance for its modern fleet, including both wide-body and narrow-body aircraft.

Box: