The Hanoitimes - Shares of Vietnam Airlines are traded on UPCoM at around VND34,000 (US$1.47) apiece, valuing the company at more than US$2 billion. State-controlled national carrier Vietnam Airlines is expected to move its shares from the Unlisted Public Company Market (UPCoM) to the Ho Chi Minh City Stock Exchange (HoSE), which is home to the country's largest firms, by April 2019, Deal Street Asia reported. Illustrative photo. According to Deal Street Asia, Vietnam Airlines would list 1.4 billion shares on HoSE in early April 2019. The state currently owns 86.2% of Vietnam Airlines. The airline conducted an initial public offering (IPO) in 2014, when it sold a 3.48% equity stake. Shares of Vietnam Airlines are traded on UPCoM at around VND34,000 (US$1.47) apiece, valuing the company at more than US$2 billion. In 2016, Japan’s ANA Holdings paid US$108 million for an 8.8% stake in Vietnam Airlines. Vietnam currently has … [Read more...] about Vietnam Airlines to move listing to larger bourse in April 2019
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Oranges to be served on Vietnam Airlines flights
Cao Phong Oranges, a speciality of the northern province of Hoa Binh has just been added to the menu served to business class passengers of Vietnam Airlines from December 8-22. Cao Phong Oranges will be served on Vietnam Airlines flights from December 8-22 The fruit will be served as a dessert by the Vietnamese national flag carrier on nearly 70 domestic and international routes, including those between Hanoi and Ho Chi Minh City and those connecting the two cities with destinations in Asia, Europe and Australia. Speaking about the introduction of the fruit on their flights, Vietnam Airlines deputy general director, Le Hong Ha, said that this was part of their Four Seasons of Fruit – Four Seasons of Love project which aims to promote seasonal farming specialities and traditional products of Vietnam. "Foods served on flights always provides a first impression about culture, especially for foreign passengers," Ha said. "We want to provide Vietnam’s most famous … [Read more...] about Oranges to be served on Vietnam Airlines flights
Cao Phong orange to be served on board Vietnam Airlines flights
A farm of Cao Phong orange in the northern province of Hoa Binh. (Photo: VNA) Hanoi (VNA) – National flag carrier Vietnam Airlines will serve Cao Phong orange, a speciality fruit of northern Hoa Binh province, as a dessert in business class from December 8 – 22. Cao Phong orange will be available on nearly 70 domestic and international routes, including those between Hanoi and Ho Chi Minh City and those connecting the two cities with destinations in Asia, Europe and Australia. The move is part of the airline’s project “Bon mua trai cay – Bon mua yeu thuong” (Four seasons of fruit – Four seasons of love), aiming to promote seasonal farming specialties and traditional products. Cao Phong orange is the third specialty fruit served on its flights, after Luc Ngan litchi and Hung Yen longan. The oranges will be selected after a strict monitoring and quarantine process. The fruit is grown on vast fertilised basaltic soil hills in Hoa Binh by … [Read more...] about Cao Phong orange to be served on board Vietnam Airlines flights
Vietnam Airlines eyes stock market listing in 2019
"Vietnam Airlines will go public in the first quarter of next year," its chief executive, Duong Tri Thanh, told the Financial Times. "We are making our target the first quarter of next year, and I think it is feasible." But he admitted the final decision rests with the government. The carrier’s shares are traded on Hanoi’s Unlisted Public Company Market (UPCoM) and it has a market capitalization of more than $2 billion. The government currently owns around 86 percent of Vietnam Airlines, but has said it wants to reduce this to 51 percent by 2020. The country’s largest airline by passengers carried now faces rising competition from budget carrier VietJet Aviation and others. Last month Vietjet became the second most valuable airline in Southeast Asia by market cap behind only Singapore Airlines. With the domestic market showing signs of saturation, Vietnam Airlines seeks to expand overseas. In October it started a daily service from central Da Nang City to Osaka … [Read more...] about Vietnam Airlines eyes stock market listing in 2019
Vietnam Airlines receives two awards at World Travel Awards 2018
Founder and President of the World Travel Awards Graham Cooke and Deputy General Manager of Vietnam Airlines’ France & Europe branch office Nguyễn Quốc Hưng at the gala ceremony in Lisbon. — Photo courtesy of Vietnam AirlinesViet Nam News HÀ NỘI — Vietnam Airlines was named the World’s Leading Cultural Airline and World’s Leading Airline - Premium Economy Class at this year’s prestigious World Travel Awards gala in Lisbon, Portugal on Saturday. Vietnam Airlines has retained the dual awards for two consecutive years, echoing its commitment to bringing customers the highest quality service, in line with the airline’s impressive four-Star Skytrax ranking. Lê Hồng Hà, Executive Vice President of Vietnam Airlines, said it was an honour for Vietnam Airlines to be recognised by the World Travel Awards for the third consecutive year. “Whilst one award reinforces our award-winning Premium … [Read more...] about Vietnam Airlines receives two awards at World Travel Awards 2018