Vietnam Airlines shares are subject to trading restrictions

According to the announcement of the Ho Chi Minh City Stock Exchange (HoSE), Vietnam Airlines has overcome the reason why HVN shares were placed in restricted trading. Therefore, from July 14, this code will return to normal trading after only being traded in the afternoon session.

At the same time, HoSE transferred HVN shares from control status to warning status. Based on the audited consolidated financial statements for 2025, Vietnam Airlines has non-negative equity, non-negative profit after tax and the financial statements are audited with full approval. However, the business still has accumulated losses so the stock continues to be on warning.

At the end of the trading session on July 10, HVN shares decreased 0.59% to 25,400 VND, with more than one million units changed hands. Compared to 22,300 VND per share on April 13, the market price has increased nearly 14%.

According to the 2025 annual report, Vietnam Airlines has 27,203 shareholders by the end of the year. Last year, the company recorded net revenue of 121,207 billion VND, an increase of 13.6% compared to the previous year, while pre-tax profit reached 8,168 billion VND, marking the second consecutive year of profit after the period affected by Covid-19. By the end of 2025, consolidated equity will reach VND 6,730 billion, ending the negative equity situation.

However, Vietnam Airlines still has a consolidated undistributed after-tax loss of VND 26,686 billion so it cannot pay dividends. The company’s management plans to handle all accumulated losses in the period 2030-2032 before balancing resources to pay dividends to shareholders.

In 2026, Vietnam Airlines targets consolidated revenue of 138,899 billion VND and profit after tax of about 22 billion VND, significantly lower than the previous year due to pressure from fuel prices. The company also completed the offering of 900 million shares to existing shareholders at a price of 10,000 VND per share, mobilizing nearly 8,971 billion VND to supplement capital, prioritize debt repayment and invest in development. This year, the business plans to spend about VND 5,200 billion on investment, focusing on plans to buy and lease wide-body aircraft and aviation service projects at Long Thanh airport.