After launching IPO, Vietnam Airlines expects the Government to allow it to keep all income sources. — Photo businesskorea.co.kr

HA NOI (Biz Hub) — The Ministry of Transport has submitted the equitisation plan of the national carrier Vietnam Airlines to the Prime Minister.

The plan, which was submitted after the ministry finished its final examination a week ago, allows the business to launch its initial public offering of 49 million shares for VND22,300 each, or US$1.06.

If the plan is approved by the Government, Vietnam Airlines will retain all income sources after launching the IPO and that sum will be added to its fund for buying more planes. It will also receive the Government's free guarantee for taking 100 per cent loans to buy planes.

Vietnam Airlines has a registered capital of VND14.1 trillion or $671.4 million.

The Government has approved the valuation of the flag carrier at VND57.156 trillion, or US$2.72 billion, based on its book value, of which, the State capital in this amount is VND10.567 trillion, or $507.79 million.  — VNS