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Vietnam Airlines has announced an update to its plan to hold the annual general meeting (AGM). The board of directors (HĐQT) will hold the AGM in 2026, with the registration deadline to attend set for May 29 and the meeting scheduled for June 28, 2026. The AGM will take place at the airline’s headquarters in Ba Đình District, Hanoi. The announcement follows the company’s earlier decision to extend the AGM timeline in April.
In its 2025 annual report, Vietnam Airlines reported that as of December 31, 2025, it had a total of 27,203 shareholders.
For Q1 2026, the airline’s consolidated financial statements show total revenue from sales and service provision of VND 36.946 trillion, up 20.7% year-on-year. Profit after tax reached over VND 4.514 trillion, up about 30%.
During the quarter, Vietnam Airlines operated nearly 43,000 flights and served more than 6.9 million passengers. This represented an 11% increase in flights and nearly a 12% rise in passenger volume compared with the same period last year. The airline attributed the results to recovering international travel demand, flexible operations, optimized flight schedules, and cost control. It also stated that the impact of the Middle East conflict on fuel costs in Q1 had not yet been clearly evident.
As of March 31, 2026, Vietnam Airlines reported total assets of VND 79,063 billion. In the long-term asset structure, financial investments were over VND 2,713 billion, including VND 2,266 billion invested in associates and joint ventures and VND 522 billion in equity contributions to other entities.
However, the company also reported a cumulative loss of VND 22,303 billion and short-term liabilities of VND 57,946 billion, which exceeded current assets of VND 35,730 billion.
In a recent open letter to staff, Chairman of the Board Dang Ngoc Hoa said global conditions have changed rapidly and become more complex beyond prior forecasts. He cited the conflict in the Middle East from late February 2026 as a major shock to the global aviation industry, noting that Jet A-1 fuel prices rose from the planned level of around USD 85 per barrel to as high as USD 242 per barrel—an increase described as unprecedented and far beyond the operating scenarios the company had laid out.
In response, Vietnam Airlines’ leadership emphasized the need to streamline operations, improve efficiency and effectiveness, strengthen execution discipline, and eliminate delays and waste. The airline said it has activated its highest-level emergency response mechanism to sustain operations and protect the national carrier’s position.
Leadership also stressed that implementing cost-saving measures and optimizing resources is essential in the current period.
From Q2 this year, Vietnam Airlines expects the aviation sector to face numerous challenges as uncertainty factors become clearer, particularly those related to fuel price volatility.
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