Leadership Salaries Skyrocket Amid Profit Surge
Vietnam Airlines’ chairman, Đặng Ngọc Hòa, reported a 68% increase in annual income to over 2.3 billion VND in 2025, compared to 1.4 billion VND in 2024. This marked a sharp rise in compensation for top executives, with several board members, including Lê Trường Giang and Tạ Mạnh Hùng, also seeing their salaries climb by 70% to around 1.9 billion VND. The financial gains align with the airline’s improved profitability, as the parent company’s after-tax profit surged over 95% to more than 5.427 trillion VND.
The profit boost stemmed from a rebound in domestic and international operations, with total revenue rising over 15% to 12.827 trillion VND. Domestic routes saw a 15% revenue increase, while international flights grew by 17%, driven by restored international routes and new market entries. Despite a 12% rise in operating costs from expanded operations, the airline’s gross profit exceeded 13.8 trillion VND, underpinning its financial turnaround.
Recovery Efforts and Strategic Expansion Drive Profit Growth
Vietnam Airlines’ recovery plan, launched in 2024, focused on restoring domestic routes and reactivating international networks, which accounted for nearly half of its revenue. The airline also secured additional capital through the issuance of over 897 million shares, boosting its capital base by 8.971 trillion VND. This move helped offset the loss of a one-time debt forgiveness from a partner in 2024, which had previously inflated profits.
The company’s ability to maintain operations amid the Middle East conflict in late 2024 highlighted its resilience. By optimizing costs and restructuring assets, Vietnam Airlines preserved its financial stability while expanding its network. The 2025 financial report confirmed these efforts, with the airline’s consolidated profit reaching 7.607 trillion VND, a 4.4% decline from 2024 but reflecting a more sustainable growth trajectory.
Navigating Challenges and Capitalizing on Growth Opportunities
While some executives saw lower incomes due to partial years of service, such as foreign board members, the overall trend reflected confidence in the airline’s recovery. The 2025 financial results underscored Vietnam Airlines’ focus on long-term sustainability, with plans to refine its fleet and enhance operational efficiency. The airline’s leadership emphasized that the 2024 debt forgiveness had skewed earlier figures, and the 2025 performance now represents a clearer picture of its operational health.
Despite the Middle East conflict’s impact on costs, the airline maintained continuous operations and prioritized cost optimization. Its 2035 recovery plan, now in full motion, aims to solidify its position as a leading carrier by balancing expanded routes with disciplined financial management. As Vietnam Airlines navigates these challenges, its leadership’s increased compensation signals a commitment to sustained growth.
Conclusion
Vietnam Airlines’ leadership salaries and profit growth reflect a strategic pivot toward long-term stability, balancing expanded operations with financial discipline. The airline’s ability to recover from past challenges and adapt to global disruptions underscores its resilience, even as it faces ongoing pressures to maintain profitability in a competitive market.
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