Vietnam Airlines leadership compensation rises more than 60% in 2025

In 2025, Vietnam Airlines spent more than VND 23 billion on compensation for its leadership, up over 60% from the previous year, according to its audited consolidated financial statements.

Compensation increases across leadership and executive roles

Chairman Dang Ngoc Hoa received more than VND 2.3 billion in remuneration for 2025, up about 68% from nearly VND 1.4 billion in 2024. Several board members, including Le Truong Giang and Ta Manh Hung, earned about VND 1.9 billion each, up roughly 70% year-on-year.

In the executive tier, CEO Le Hong Ha also received over VND 2.3 billion, up about 69% from VND 1.38 billion in the prior year. Deputy CEOs generally earned around VND 1.9 billion each, up about 70% from 2024. Remuneration for members of the Supervisory Board likewise increased.

Some individuals earned less due to not serving full year, including foreign board members. The newly appointed chief accountant, who took office from late May 2025, earned about VND 916 million.

Business performance context behind higher pay

The rise in leadership compensation in 2025 came alongside stronger operating results. Vietnam Airlines’ management said the parent company’s net profit in 2025 reached over VND 5,427 billion, up more than 95%, equivalent to about VND 2,652 billion compared with 2024.

Financial results and operating drivers

On a consolidated basis, total revenue and other income increased by more than 15% in 2025 to about VND 12,827 billion. The company attributed the growth to the full restoration of the domestic network, the resumption of international routes, and the opening of new routes. Revenue from the domestic and international networks rose by 15% and 17%, respectively.

Total costs rose by more than 12% as operations expanded, but revenue growth outpaced costs. As a result, gross profit exceeded VND 13,800 billion, supporting an increase in after-tax profit.

However, consolidated net profit was VND 7,607 billion, down about 4.4% year-on-year. Vietnam Airlines said the main reason was that in 2024 the group recorded a one-off income from debt forgiveness by a partner.

Capital strengthening and recovery plan progress

Last year, Vietnam Airlines completed the Comprehensive Recovery and Sustainable Development Plan through 2035. The airline also issued more than 897 million shares, increasing charter capital by VND 8,971 billion, which strengthened equity and eliminated negative equity.

Outlook pressures and cost measures

Vietnam Airlines said that despite the Middle East conflict that began in late February and increased cost and network pressure, it continued operations and implemented cost-optimization measures, asset restructuring, and efficiency improvements for the coming years.