Vietnam’s Largest Travel Company Reports Over 50% Decline in Q1 Profit, Plans Name Change and Adds Personal Financial Consulting

The Vietnam Travel and Transport Marketing Joint Stock Company – Vietravel (UPCoM: VTR) reported first quarter 2025 revenue of 1.294 trillion VND, up 8.16% from the previous year, but profit after tax fell by 52.83% to only 5.9 billion VND. The decline in profit was attributed to rising costs of goods, increased selling expenses, and higher borrowing costs. Vietravel aims for a net revenue target of 9.549 trillion VND for 2025, with a pre-tax profit goal of 50 billion VND. The company also plans to change its name to Vietnam Travel Joint Stock Company to simplify and enhance brand recognition. Additionally, Vietravel will introduce three new personal financial consulting services, which include investment advice, asset management, and personal investment application assistance, aiming to diversify its business.