HANOI/TOKYO -- Vietnam Airlines plans to raise 22 trillion dong ($844 million) by issuing shares and purchase 50 new aircraft on the heels of its first net profit in five years, part of a comeback course that looks to tap growing passenger demand in Asia.
Shareholders approved the issuance of 22 trillion dong in shares at an extraordinary meeting last month. Nine trillion dong will be issued in the second half of the year with the rest issued next year. The move will help the airline pull out of negative net worth carried since 2022.
