According to ACV’s fourth quarter 2025 financial report, short term trade receivables fell to below VND 6.8 trillion (approximately USD 261.5 million), mainly from four domestic airlines.
Bamboo Airways recorded the sharpest increase in outstanding debt, rising to VND 2.622 trillion (approximately USD 100.8 million). Pacific Airlines’ debt edged down to VND 874 billion (approximately USD 33.6 million), while Vietjet Air cut its receivables by 79 per cent from the start of the year to VND 575 billion (approximately USD 22.1 million). Vietnam Airlines reduced its debt by more than VND 3.02 trillion (approximately USD 116.2 million), leaving an outstanding balance of just over VND 40 billion (approximately USD 1.5 million).
Of the total VND 3.833 trillion (approximately USD 147.4 million) in short term bad debts, Bamboo Airways accounted for the largest share at VND 2.622 trillion (approximately USD 100.8 million), followed by Pacific Airlines with VND 874 billion (approximately USD 33.6 million) and Vietravel Airlines with VND 302 billion (approximately USD 11.6 million). ACV said it recovered almost all of the more than VND 1.74 trillion (approximately USD 66.9 million) in bad debt from Vietnam Airlines during 2025.
ACV attributed the decline in receivables to airlines’ improved financial performance as the sector emerged from the Covid 19 shock.
Vietnam Airlines last year posted its strongest financial results since its establishment, with consolidated revenue exceeding VND 123 trillion (approximately USD 4.73 billion), up 10 per cent year on year. Consolidated pre tax profit reached more than VND 8.45 trillion (approximately USD 325 million).
Lower Jet A1 fuel prices, forecast at around USD 2.2 per gallon, alongside rising passenger numbers, helped improve airline profit margins.
Vietjet Air also reported record results, with consolidated revenue of VND 82.093 trillion (approximately USD 3.16 billion), a 14 per cent increase from 2024. Full year after tax profit reached VND 2.123 trillion (approximately USD 81.6 million), up 51 per cent year on year.
Meanwhile, Bamboo Airways drew attention on February 9 when the verified account of Trinh Van Quyet, former chairman and founder of FLC Group, announced his role as a representative of the airline. The statement said Bamboo Airways would extend the validity of all existing membership card tiers by one year for nearly three million members.
In 2025, ACV posted revenue of VND 25.96 trillion (approximately USD 998.5 million), up 15 per cent from the previous year. After tax profit exceeded VND 12 trillion (approximately USD 461.5 million) for the first time, marking a record high for the corporation.
