SCIC invests a further VND 7,770 billion in Vietnam Airlines, partnering with the airline to recover and soar to new heights

Ha Noi, September 16, 2025 – In implementation of Resolution No. 174/2024/QH15 dated November 30, 2024, of the National Assembly, Resolution No. 110/NQ-CP dated April 26, 2025, of the Government, and with the approval of the Ministry of Finance in Official Letter No. 14195/BTC-DNNN dated September 12, 2025, the State Capital Investment Corporation (SCIC) has completed the disbursement of VND 7,770 billion to invest in the purchase of shares of Vietnam Airlines Corporation (stock ticker: HVN, listed on HOSE).

This investment supplements Vietnam Airlines' charter capital, not only ensuring stable long-term cash flow but also holding particularly significant meaning: the enterprise has resolved its negative equity situation, gaining additional resources to settle debts and implement its fleet expansion plan in the near future. This provides a solid foundation for the comprehensive recovery and sustainable development process of Vietnam Airlines.

Previously, on September 13, 2021, SCIC made its first investment of VND 6,894.88 billion, supporting Vietnam Airlines in improving liquidity and sustaining operations during the period heavily impacted by the COVID-19 pandemic.

Thus, following two disbursements, SCIC now holds 47.09% of Vietnam Airlines' charter capital. This is not merely a financial investment activity but also aims to execute the policies and directives of the Party, the National Assembly, the Government, and competent authorities in supporting State-Owned Enterprises to maintain their role as pillars of the economy.

Over nearly 20 years of operation, SCIC has maintained positive business results: total pre-tax profit reached VND 108,830 billion, with contributions to the State Budget of VND 108,145 billion (SCIC is among the TOP 20 largest contributors to the State Budget in 2025 with an amount of VND 9,567.9 billion), and an average Return on Equity (ROE) of approximately 13% per annum. With a charter capital of over VND 50,000 billion, SCIC's investment portfolio spans more than 100 enterprises across numerous key sectors such as finance and banking, telecommunications, energy, infrastructure, and public services.

Based on the study of international experience and a review of nearly 20 years of practical operations, SCIC is currently reporting to competent authorities on a proposal to consolidate and elevate the corporation into the professional investment arm of the government, moving towards the formation of a National Sovereign Wealth Fund. This fund would serve as a tool for restructuring and enhancing the efficiency of State-Owned Enterprises according to market mechanisms, concentrating resources from the restructuring of capital in enterprises not slated for State ownership and other state-assigned resources to invest in the development of large-scale SOEs and highly efficient enterprises. In the proposal, SCIC also recommends continuing to promote the transfer of state ownership representation rights at all types of enterprises from Ministries, sectors, and localities to SCIC to continue the process of reorganizing and restructuring SOEs. This includes large-scale enterprises, excluding those in critical sectors already managed by major conglomerates such as energy, oil and gas, minerals, and power, as well as those in the defense and security sectors and purely public-service sectors.

With this latest investment decision, SCIC reaffirms its commitment to partnering with Vietnam Airlines for a strong recovery, fleet modernization, and service quality enhancement, thereby contributing to the promotion of Viet Nam's image in international skies.