Financial Round Up
Vietnam Airlines aims at November IPO
September 2nd 2014
Government-owned Vietnam Airlines is planning to raise 1.5 trillion dong (US$70.8 million) through the sale of a 5% equity stake to public investors, said its president and chief executive, Pham Ngoc Minh. Read More »
The Hanoi-based flag carrier plans to sell a separate 20% stake to potential investors and says it is in talks with “more than one investor from Japan.”
Vietnam Airlines’ IPO has been in the works for years and is considered a test of the government’s commitment to reforms and its ability to promote the country’s tourism growth.
