Vietnam Airlines Shares Surge to Historical High with No Sellers: What’s Happening?

On September 15, Vietnam Airlines’ stock HVN soared to its ceiling price of 36,300 VND/share during the morning session, with over 3.4 million shares traded, surpassing its historical peak from January 2018. This spike was driven by Government Decree 245/2025/ND-CP, allowing for exemptions from mandatory delisting under special circumstances, potentially protecting HVN from delisting. Previously, Vietnam Airlines faced four consecutive years of losses due to COVID-19, currently having a cumulative loss of nearly 27,400 billion VND and negative equity of 3,100 billion VND, despite registering profits in the first half of 2025. Its revenue reached 58,551 billion VND, an increase of 11% year-on-year, while post-tax profit was 6,442 billion VND, up 19% from last year.