Vietnam Airlines valued at $2.74b ahead of IPO

Reading Time: 2 minutes

vietnam-airlines stewardessVietnam’s national carrier Vietnam Airlines has been valued $2.74 billion ahead of its planned initial public offering (IPO), according to Pham Ngoc Minh, General Director of Vietnam Airlines, adding that the carrier will sell “a quantity of shares in accordance with market demand.”

The Vietnamese government is trying to accelerate the process of equitisation of state-owned enterprises (SOE), with the aim of selling shares of more than 400 SOEs from now until the end of 2015.

Commenting on the Vietnam Air IPO, Alan Pham, an economist of VinaCapital, said that foreign investors are interested in shares of Vietnam Airlines because this is one of the largest state-owned enterprises operating at a profit. Vietnam Airlines is considered “the brightest gem” among Vietnam SOEs.

According to Minh, Vietnam Airlines is expected to serve 15.8 million passengers this year, compared with 14.7 million passengers in 2013. The corporation’s revenue is estimated to have risen by 4.5 per cent to $692 million in the first quarter of 2014.

Vietnam Airlines’ long-awaited IPO plan has been delayed several times since 2010. If it is implemented as planned this year, the carrier will benefit from the upward trend of the Vietnamese stock market since the beginning of the year. The VN-Index has risen 14 per cent so far this year, to become the stock index with the strongest growth in Southeast Asia.

Last September Vietnam Airlines worked with advisors, including Morgan Stanley and Citigroup, to evaluate its assets for equitisation. The asset evaluation was completed in February and the company is now awaiting the government’s approval.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 2 minutes

Vietnam’s national carrier Vietnam Airlines has been valued $2.74 billion ahead of its planned initial public offering (IPO), according to Pham Ngoc Minh, General Director of Vietnam Airlines, adding that the carrier will sell “a quantity of shares in accordance with market demand.”

Reading Time: 2 minutes

vietnam-airlines stewardessVietnam’s national carrier Vietnam Airlines has been valued $2.74 billion ahead of its planned initial public offering (IPO), according to Pham Ngoc Minh, General Director of Vietnam Airlines, adding that the carrier will sell “a quantity of shares in accordance with market demand.”

The Vietnamese government is trying to accelerate the process of equitisation of state-owned enterprises (SOE), with the aim of selling shares of more than 400 SOEs from now until the end of 2015.

Commenting on the Vietnam Air IPO, Alan Pham, an economist of VinaCapital, said that foreign investors are interested in shares of Vietnam Airlines because this is one of the largest state-owned enterprises operating at a profit. Vietnam Airlines is considered “the brightest gem” among Vietnam SOEs.

According to Minh, Vietnam Airlines is expected to serve 15.8 million passengers this year, compared with 14.7 million passengers in 2013. The corporation’s revenue is estimated to have risen by 4.5 per cent to $692 million in the first quarter of 2014.

Vietnam Airlines’ long-awaited IPO plan has been delayed several times since 2010. If it is implemented as planned this year, the carrier will benefit from the upward trend of the Vietnamese stock market since the beginning of the year. The VN-Index has risen 14 per cent so far this year, to become the stock index with the strongest growth in Southeast Asia.

Last September Vietnam Airlines worked with advisors, including Morgan Stanley and Citigroup, to evaluate its assets for equitisation. The asset evaluation was completed in February and the company is now awaiting the government’s approval.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid