Ahead of a long-planned IPO in December this year state-run Vinalines has audited and is now deemed to be worth VDN16.74bn ($736.6m). Post IPO, Hanoi will retain a 65% holding in the nation’s flagship carrier, with 17.50% offered to strategic investors and 17.50% offered to the public.
Vinalines has been pushing for an IPO for much of the past decade. It has been holding roadshows around Southeast Asia this year to try and drum up support for the listing.
Money earned from the listing will partially go on a much needed fleet rejuvenation plan.