Vietnam's two leading airline corporations have strategic shareholders

11:24 | 17/01/2017 Companies

The national flag carrier, Vietnam Airlines (VNA) and the Airports Corporation of Vietnam (ACV) found their strategic shareholders, announced the Ministry of Transport at a meeting held in Hanoi on January 10.

vietnams two leading airline corporations have strategic shareholders

VNA have completed the negotiations and signed strategic shareholder deals with Japan's ANA Holdings Inc (ANA Group). Meanwhile, ACV is negotiating with Aéroports de Paris and is scheduled to sign purchase deals in March.

The Ministry of Transport is also working to equitise four other corporations, namely: Vietnam Expressway Corporation; Cuu Long Corporation for Investment, Development and Project Management of Infrastructure (Cuu Long CIPM); Vietnam National Shipping Lines; and Shipbuilding Industry Corporation.

In 2016, the Transport Ministry completed the equitisation of Vietnam Expressway Operation and Maintenance Company under the Vietnam Expressway Corporation and completed the divestments from 22 joint stock companies.

So far, 37 equitised companies have listed their shares with a total value of VND35 trillion (US$1.54 billion).

Regarding the project on business restructuring in 2017, Deputy Minister of Transport Nguyen Hong Truong said the ministry will report to the Government the plan to equitise 17 companies in 2017. In addition, the ministry will carry out divestments from seven equitised corporations as approved by the Government.

This year, the ministry will also direct VNA, Vietnam Railway, Cuu Long CIPM, Vietnam Expressway Corporation and others to continue to divest from the areas that the State does not have to hold a stake.

Theo NDO