Vietnam Airlines to Post Corporate Evaluation Report This Month

StoxPlus | Fri, Sep 6, 2013 03:10:00 PM Share this on

The National flag carrier of Vietnam-Vietnam Airlines or VNA plans to complete its corporate evaluation report by end of this month [Sep] and its initial public offering (IPO) will be by end of this year or at the beginning of 2014.

The information was disclosed by Duong Tri Thanh- Deputy Chief Executive Officer (CEO) of VNA at 2013 Vietnam-Japan Senior Economic Forum in Hanoi yesterday [Sep 5], the local newspaper Tri Thuc Tre reported.

Vietnam Airlines’ equitization was back busy since last week when VietJet Aviation Jsc- the country''s only privately owned carrier posted profit and announced to consider  a plan of  IPO for fund expansion.

Vietnam Airlines is the largest airline in Vietnam which takes more than 49% of market share. In which, it accounts for more than 61% domestic market and 40% international one.

Vietnam is considered among  countries having good aviation growth worldwide. Aviation market in Vietnam always posts annual growth rate of around 14.5% in 2001-2013 period (equivalent to 30 million passengers/year), Thanh provided.

The corporation targets to transport about 90 million and 132 million passengers in 2020 and 2015, respectively. It also aims to maintain its position as one of the leading aviations in the region.

Source: StoxPlus