NOTICE TO SHAREHOLDERS

(Asking for shareholders’s opinion in writing)

To: Shareholders of Vietnam Airlines JSC

               Pursuant to:

               - Enterprise Law No. 68/2014 / QH13 dated 26/11/2014;

               - Securities Law No. 70/2006 / QH11 dated 29 June 2006 and Law on Amendment of and Addition to a Number of Articles of the Law on Securities No. 62/2010/QH12 dated 01/7/2010;

               - The Charter of Vietnam Airlines,

I. Information of the Organization.

Name: Vietnam Airlines JSC.                       Securities code: HVN

Address: 200 Nguyen Son, Bo De Ward, Long Bien District, Hanoi

Business registration number: 0100107518

Phone: 024 38 732 732 (ext 2012)                          Fax: 024 38 721 765

Email: nhadautu@vietnamairlines.com

II. Issues requiring shareholders’ opinion.

In order to implement Vietnam Airlines business and investment plan in the period 2018-2020, the Board of Management would like to request the shareholders’s approval for Vietnam Airlines to sale and leaseback four (04) Airbus A350 aircraft that will be delivered in the period 2018-2019.

III. The issues in details.

With the purpose of improving the safety of financial structure and restructuring the asset balance appropriate to business operation features, Vietnam Airlines will sale and leaseback four (04) new Airbus A350 aircraft which will be delivered in 2018-2019 (the last A350s aircraft of the total 10 A350 aircraft ordered by Vietnam Airlines). In the document No. 124/BGTVT-QLDN dated 05/01/2018, the Ministry of Transportation - the authorized owner of State capital at Vietnam Airlines approved for the company to sale and leaseback 04 Airbus A350 aircraft in 2018-2019.

IV. Proposal.

The Board of Management would like to submit to Shareholders for approval of the following issues:

1. Approve of Vietnam Airlines to sale and leaseback four (04) new Airbus A350 aircraft which are delivered in the period 2018-2019.

2. Assign to the Board of Management to implement the sale and leaseback procedure follow the approval of Shareholders, in compliance with laws and the Company regulations.

V. Method and time for sending Voting Paper.

1. Shareholders named in the list of Vietnam Airlines’s shareholders on 30/01/2018 (provided by Vietnam Securities Depository) would give opinion about issues that the Board of Management is asking for on the Voting Paper.

2. Method and time for sending Voting Paper: Shareholders may send Voting Paper (be answered) to Vietnam Airlines in one of the following ways:

2.1. By Post Office/ Mail in a sealed envelope to the address: Secretarial Office of the Board of the Management, Vietnam Airlines JSC, 200 Nguyen Son, Bo De Ward, Long Bien District, Hanoi. Or,

2.2. By email to the address nhadautu@vietnamairlines.com or Fax: 024 38721765

3. The deadline for receiving the answered Voting Paper by all means is February 21^st, 2018. In case shareholders send by post, the time shall be based on the postmark at the time of transfer.