Vietnam government plans state-run airline sale


Vietnam is planning to sell a stake of up to 20 per cent in its state-run airline to foreign strategic investors.

The Government in Hanoi says it will seek a foreign consultant to work out the details and date of the share sale of Vietnam Airlines.

In a statement quoting Deputy Prime Minister, Nguyen Sinh Hung, the Government said it allowed the airline “to hire an international consultant organization to provide advice for its equitisation plan”.

Under the plan, the state would hold 70 to 80 per cent of the stock and one or more foreign strategic shareholders would hold 10 to 20 per cent of the national flag carrier.

The exact ratio will be subject to government approval.