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Monday, 20/07/2018, 08:19:37 AM
Vietnamese government to divest flag carrier stake
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Published 28 Aug 2017 Last Updated 28 Aug 2017 04:03

The Vietnamese government plans to sell down its stake in flag carrier Vietnam Airlines as part of a wider state capital divestment plan.

Hanoi Times reports that the government will withdraw at least 35.16% (around $2.64 billion) of its shareholding in the airline by 2019.

An announcement on VGP News, an online newspaper run by the government, says that the state will withdraw capital from as many as 406 enterprises between 2017 and 2020, with a total divested volume of VND 65 trillion (around $2.64 billion).

Japan’s All Nippon Airways (ANA) owns an 8.8% stake in Vietnam Airlines.

Nguồn: Airfinance Journal

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