VJC

Vietjet (VJC) has signed an MOU with Thailand's Eastern Economic Corridor Office (EECO) to develop an aircraft maintenance (MRO) center at U-Tapao International Airport. The project aims to enhance technical capabilities, optimize operations, and support Vietjet's regional expansion strategy. The partnership was formalized during a state visit by Vietnam's President To Lam.

Vietjet (VJC) has signed a strategic cooperation agreement with Muang Thai Insurance to jointly develop travel and non-life insurance products for Vietjet passengers, while also promoting youth football, cultural exchange, and Vietnam-Thailand relations. The partnership leverages the influence of both leaders and may open new revenue streams for VJC.

Foreign investors unexpectedly net sold VND 1,700 billion (USD 68 million) on all three exchanges, with strong selling pressure on real estate and banking stocks, dragging the VN-Index down 16 points to 1,896.89. The sell-off was concentrated in VIC and VHM, which together accounted for over 13 points of the index decline, signaling a broad de-risking by foreign capital.

Vietjet (VJC) board approved a 30% stock dividend for 2025, issuing over 177.4 million shares from retained earnings, equivalent to VND 1,774 billion at par value. The move underscores the airline's strong financial position and commitment to shareholder value.

Proprietary trading desks at Vietnamese securities companies net bought VND 207 billion on HOSE on June 7, as the VN-Index closed at a record 1,909 points. KDH led the buying with VND 59 billion, while foreign investors net sold VND 311 billion, signaling divergent short-term views.

Vietjet (VJC) is building a large MRO complex at Long Thanh International Airport, expected to be operational by Q2 2026. The facility will serve both its own fleet and third-party airlines, directly challenging the decades-long monopoly of Vietnam Airlines (HVN) through its subsidiary VAECO. This move could reduce maintenance costs and turnaround times for Vietjet while opening a new revenue stream.

FTSE Russell trimmed its Vietnam watchlist to 23 stocks from 32, retaining large-caps VIC, HPG, VHM, FPT, MSN, SSI, VNM, STB, VCB, VJC, VRE, and adding VIX, NVL, VCI, SHB, GEX, VND, KBC, KDH, BID, DGC, BSR, GEE. SSI Research estimates total ETF inflows of $1.3 billion, phased from September 2026 to September 2027, with the largest contribution from Vanguard FTSE Emerging Markets ETF at $481 million.

Foreign investors net sold nearly VND 1,000 billion on May 5, 2026, with net sell of VND 997.5B, while domestic individuals net bought VND 760.8B. The VN-Index rose 20.79 points, almost entirely from VIC and VHM, but breadth was negative with 213 declining stocks, indicating a narrow rally.

Vietjet (VJC) reported Q1/2026 after-tax profit of VND 1,023 billion, up 59.6% year-on-year, with consolidated revenue reaching VND 21,021 billion (+17.1%). The earnings beat was driven by cost control, fleet optimization, and digital transformation, positioning the low-cost carrier for continued growth amid expanding international routes.

Vietnam Airlines (HVN) and Vietjet Air (VJC) both posted strong Q1 results, with HVN reporting consolidated revenue of over 37,500 billion VND and after-tax profit of 4,514 billion VND, while VJC achieved consolidated revenue of 21,021 billion VND (+17% YoY) and pre-tax profit of 1,142 billion VND (+36% YoY). However, both airlines face significant headwinds from rising jet fuel prices, which could pressure margins in coming quarters.