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Vietnam Airlines appoints two Deputy General Directors

Mr. Dang Ngoc Hoa, Chairman of the Board of Directors of Vietnam Airlines Corporation (Vietnam Airlines – Code: HVN) has just signed a decision to appoint Deputy General Director for Mr. Nguyen The Bao, Director of Vietnam Airlines Branch. southern region; and Mr. Le Duc Canh, Head of Investment – Procurement Department of Vietnam Airlines. The term of Deputy General Directors of Mr. Canh and Mr. Bao will last for 4 years, starting from May 1, 2022.

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An aircraft of Vietnam Airlines at Noi Bai. (Photo: Song Ngoc)

After adding the above two leaders, Vietnam Airlines will have a total of 8 Deputy General Directors, including 6 previously appointed people: Mr. Trinh Hong Quang, Mr. Trinh Ngoc Thanh, Mr. Nguyen Hong Linh, Mr. Nguyen Chien Thang Mr. To Ngoc Giang and Mr. Dinh Van Tuan.

In which, Mr. Nguyen Hong Linh was born on August 29, 1962 and Mr. Trinh Hong Quang was born on August 25, 1963, ie approaching retirement age (60 years old). Mr. Trinh Ngoc Thanh was born in 1964, the remaining deputy generals belong to the 7X generation. General Director Le Hong Ha was born in 1972.

According to its independent financial statements, Vietnam Airlines recorded net revenue of VND 9,179 billion in the fourth quarter of 2021, up 13% over the same period last year. Gross loss is more than 1,100 billion dong, while the fourth quarter of 2020 is up to 2,085 billion dong. Financial income increased sharply from 156 billion to 749 billion, mainly thanks to the transfer of capital contribution in other enterprises.

After deducting expenses, Vietnam Airlines reported an after-tax loss of VND 1,184 billion in the last quarter of 2021. The statistics below show that this is the 8th consecutive quarter of loss for Vietnam Airlines. Accumulating the whole of last year, net revenue decreased by 31% to more than 27,900 billion VND, net loss reached 13,337 billion VND, significantly higher than 2020.

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In a total of two years when COVID raged, Vietnam Airlines lost 24,500 billion dong after tax. However, the equity of the corporation is still positive thanks to the injection of nearly 8,000 billion VND in capital.

The accumulated loss as of December 31, 2021 is VND 21,979 billion, still slightly lower than the charter capital of VND 22,144 billion. If the audited financial statements keep the same data as the independent report, Vietnam Airlines can escape the delisting sentence and more than 2.2 billion HVN shares are still traded on the Exchange. Stock Ho Chi Minh City (HOSE).

The deadline to submit the audited financial statements for 2021 according to regulations is March 31, 2022, as of today (April 27), Vietnam Airlines has not yet announced. Previously, Vietnam Airlines was extended by the State Securities Commission to submit audited financial statements for 2021 due to the complicated situation of the COVID-19 epidemic, making the process of data aggregation and document processing difficult. difficulty.

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Recently, the Board of Directors of Vietnam Airlines has agreed to postpone the time of holding the annual shareholder meeting in 2022 to after April 30. According to regulations, enterprises must hold their annual general meeting within 4 months after the end of the fiscal year. The Board of Directors may extend the annual meeting if necessary, but not more than 6 months from the end of the fiscal year.

In the first quarter of the past, Vietnam Airlines Group (including three airlines, Vietnam Airlines, Pacific Airlines and Vasco) operated a total of 26,190 flights, leading the airline market share in our country. The statistics below show that airlines have an on-time rate of over 93%.

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