Vietnam Airlines gets green light to go public

The Vietnamese Government has allowed national carrier Vietnam Airlines to go public in a fresh move to restructure the State-run corporation.

The Government website on Wednesday published a directive signed by Deputy Prime Minister Vu Van Ninh on Tuesday telling the Ministry of Transport to cooperate with other ministries in instructing Vietnam Airlines to draft a detailed equitization plan for Prime Minister approval.

File photo shows a Vietnam Airlines plane at Tan Son Nhat Airport in Ho Chi Minh City (Photo: Tuong Thuy)

The directive said the State would retain more than half of the national carrier’s chartered capital.

The document does not mention the timeframe for the equitization.

Also according to the directive, the establishment of a national air transportation group of Vietnam would be considered after a review of Vietnam’s experimental accomplishment of the business groups pattern.

By Tuong Thuy

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