Jun 4, 2012

Vietnam - Vietnam Airline & Vinatex IPOs set for late 2012

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Vietnam Airlines Corporation (Vietnam Airlines) and the Vietnam National Textile and Garment Group (Vinatex) are preparing for their initial public stock offerings (IPO) in late this year, according to a source familiar with the matter.

Yet, during IPO preparation process, Vinatex faces some financial problems while Vietnam Airlines has difficulties in finding strategic shareholders, said Dang Quyet Tien, Vice Head of Corporate Finance Department of the Ministry of Finance (MOF).

The MOF will study to build specific equitization mechanisms for groups and corporations to accelerate the process, Tien added.

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