Vietjet is honored as one of the best financial management and corporate governance companies on Vietnamese Stock Exchanges

(India, September 25, 2019) – The new-age carrier Vietjet Air has been awarded the certificate of Best financial management and corporate governance company on the Vietnamese Stock Exchange in 2019 during the ceremony of the Business Performance Assessment Program (BCI) taking place in Hanoi on September 23, 2019. This is the second time Vietjet has been named for the achievements including the Best financial management company in the Transportation industry and the Top 10 Best Corporate Governance Companies on the Vietnamese stock exchanges.

The award was presented by Vietnam Chamber of Commerce and Industry (VCCI), Vietnam Business Forum newspaper in collaboration with the Institute for Business Studies and Development (INBUS) and Vietnam Association of Accountants and Auditors (VAA). Other Vietnam’s 10 Best Corporate Governance Companies on the stock exchanges are Vinamilk, Vingroup, Mobile World, PVGas, etc.

This year, all listed companies from 30 sectors are evaluated and ranked based on 21 indicators related to all aspects of business activities according to their financial statements with comprehensive evaluation methods, applying technologies, ensuring accurate and objective results.

Chairman of VCCI Vu Tien Loc said: “It’s reasonable to assess only listed companies in this index because they are the best companies in Vietnam market, which are also the most transparent companies. The effective and transparent companies were also ones that have the most capacity and performance. And the performance for listed enterprises on the stock exchanges are now the measurements of Vietnamese companies’ health in general.”

Since its listing on Ho Chi Minh City Stock Exchange (HOSE) on February, 2017, Vietjet’s stock (coded VJC) have quickly attracted domestic and foreign investors, become one of the best companies on HOSE and been selected on VN30 index.

Up to now, with more than USD3 billion in market capitalization, Vietjet has been listed as one of Forbes’ Asia Pacific Best over a billion in 2019. Air Finance Journal magazine also ranked Vietjet at the 22^nd in the top 50 airlines with the world’s best operating and financial indicators. VJC stocks have just been listed in Vietnam Sustainability Index VNSI by HOSE for the period starting from August 5^th, 2019 to July 31^st, 2020; which includes top 20 stocks listed on HOSE with the best sustainable development scores. VJC stocks have just listed in the basket of FTSE and VNM ETF portfolios with the total values of 6 million shares, equivalent to VND890 billion.

Vietjet’s abilities of financial management and corporate governance are proved by good business performances. In the first half of 2019, Vietjet operated 68,821 flights, equivalent to 45% of total flights operated by domestic airlines, transported 13.5 million passengers in all network. Air transport revenue reached to VND20,181 billion, an increase of 22% and pre-tax profit was VND1,553 billion, an increase of 15% year on year. Available seat kilometers (ASK) maintained well, CASK was 3.88 cents, CASK ex-fuel was 2.27 cents, mainly from reducing fuel costs (decreased 4%) and cost savings in management, operation (reduced by 2%).

These results also affirm the capacity of the awarded companies, help partners, financial institutions, investors and shareholders evaluate and decide their investment reasonably and effectively etc.

About Vietjet:

Vietjet is the first airline in Vietnam to operate as a new-age airline offering flexible, cost-saving ticket fares and diversified services to meet customers’ demands. It provides not only transport services but also uses the latest e-commerce technologies to offer various products and services for consumers. Vietjet is a fully-fledged member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. Vietjet was named “Best Ultra Low-Cost Airline 2018 – 2019” and awarded the highest ranking for safety with 7 stars in 2018 and 2019 by the world’s only safety and product rating website AirlineRatings.com. The airline has also been listed as one of the world’s 50 best airlines for healthy financing and operations by Airfinance Journal in 2018.

Currently, Vietjet operates around 400 flights daily, carrying more than 80 million passengers to date, with 129 routes covering destinations across Vietnam and international destinations such as Japan, Hong Kong, Singapore, South Korea, Taiwan, China, Thailand, Myanmar, Malaysia, Indonesia and Cambodia.

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