Business

VietJet officially lists 300 million shares on HOSE

The VietJet Aviation Joint Stock Company listed more than 300 million shares on the Ho Chi Minh Stock Exchange (HOSE) on February 28, becoming the first airline to debut on the southern bourse.
VietJet officially lists 300 million shares on HOSE ảnh 1A VietJet Air plane (Photo: VietJet)

HCMCity (VNA) – The VietJet Aviation Joint Stock Company listed morethan 300 million shares on the Ho Chi Minh Stock Exchange (HOSE) on February28, becoming the first airline to debut on the southern bourse.

With this listing, VietJet with the code VJCalso became one of the 30 biggest companies on HOSE.

HOSE Deputy General Director Tran Anh Dao saidVietJet has a charter capital of 3 trillion VND (131.79 million USD) and offeredits shares at a par value of 90,000 VND (3.95 USD) per share. 

With a market capitalisation value of 27trillion VND (1.2 billion USD), VietJet accounts for some 1.5 percent of HOSE’stotal capitalisation value – about 1,630 trillion VND (71.6 billion USD) as ofFebruary 15, she noted.

Statistics show that Vietnam’s air transportmarket grew by 29 percent in 2016. VietJet raked in more than 27.53 trillionVND (1.2 billion USD) in revenue and 2.39 trillion VND (105 million USD) inprofit last year, when its earning per share was estimated at 8,762 VND.

Vice Chairman of the Ho Chi Minh City People’sCommittee Tran Vinh Tuyen said VietJet is the first private carrier of Vietnamand also one of the few airlines which began to gain profit in the second yearof operation. Its listing on HOSE is a notable event in the stock market,offering an attractive opportunity for domestic and foreign investors.

VietJet is a member of the International Air Transport Association (IATA) withthe IATA Operational Safety Audit (IOSA) certificate. The airline was alsonamed as one of the Top 500 Brands in Asia 2016 by global marketing researchcompany Nielsen and “Best Asian Low Cost Carrier” at the TTG Travel Awards2015, which compiles votes from travelers, travel agencies and tour operatorsin throughout Asia. The airline was also rated as one of the top three fastestgrowing airline brands on Facebook in the world by Socialbakers.

Currently,the airline boasts a fleet of 45 aircraft, including A320s and A321s, and operates350 flights each day. It has already opened 63 routes in Vietnam and across theregion to international destinations such as Thailand, Singapore, the Republicof Korea, Taiwan, Malaysia, China and Myanmar. It has carried nearly 35 millionpassengers to date.-VNA
VNA
#VietJet #HOSE #stock market
Follow VietnamPlus

Related News

Vietnam likely to launch bond derivative market in Q1

Vietnam likely to launch bond derivative market in Q1

Vietnam will likely launch its bond derivatives market in the first quarter of this year. This is part of the four-year roadmap for the domestic bond market prepared by the Ministry of Finance and projected to be submitted to the Prime Minister this year.

See more

West Food Hau Giang JSC’s factory at the Nam Song Hau Industrial Park – Phase 1, Can Tho city (Photo: VNA)

Southern industrial property market enters new phase of competition

Industrial site selection was previously driven largely by land prices, location and access to markets. However, as supply chains become more complex and manufacturing projects face higher technical requirements, businesses are increasingly assessing sites based on their long-term operational capabilities.

Members of the RoK delegation visit booths showcasing signature agricultural products of Da Lat – Lam Dong. (Photo: VNA)

Lam Dong seeks stronger economic, tourism links with RoK

Lam Dong is particularly interested in sectors in which Korean businesses have strengths, including agriculture, green energy, the circular economy, high-quality tourism, healthcare, education, human resources training and digital transformation, an official said.

Illustrative image (Photo: EVNNPT)

EVNNPT seeks over 224 mln USD in bank loans for grid expansion

Three projects account for part of the financing need, including 13.3 million EUR for the 220kV Ung Hoa substation and connection lines, 18.6 million EUR for the 220kV Tan Viet substation and the 220kV Tan Viet–Gia Loc–Pho Noi line, and 35.3 million EUR for the 220kV substation connecting the Dong Anh–Van Tri transmission line.

At a farm produce supermarket in Hue city (Photo: VNA)

Inflation control key to maintaining growth momentum

Average consumer price index (CPI) rose 4.52% in the first nine months, roughly in line with the National Assembly (NA)'s full-year target, while core inflation climbed 4.26%, the National Statistics Office (NSO) reported. CPI in some localities ran above the national average, including economic hubs Hanoi and Ho Chi Minh City.

According to experts, Vietnam’s relatively attractive valuation could help draw active investors. (Photo: VNA)

Capital-market channels widened after FTSE upgrade: expert

Vietnam officially entered FTSE Russell’s Secondary Emerging Market category on September 21 after reforms to trading, settlement and foreign-investor access. The reclassification gives Vietnamese equities access to a much larger pool of international capital, but also puts them in direct competition with other emerging markets.

Lao products are promoted at a trade fair in Dien Bien province in September 2026. (Photo: VNA)

Vietnam, Laos seek to expand room for trade, investment cooperation

Vietnam and Laos aim to boost bilateral trade in 2026 towards the milestone of 10 billion USD by 2030, a target said to be challenging but feasible as both Governments work to remove trade barriers, improve border-trade mechanisms, and strengthen transport and logistics connectivity.

At a garment company in Bac Ninh city. (Photo: VNA)

Bac Ninh maintains its lead nationwide in import-export scale

Exports totaled almost 87.5 billion USD while imports hit 90.3 billion USD. The figures show output at the electronics manufacturing hub is still expanding. They also underscore the need for local companies to build capacity and capture more value in supply chains.

Panamanian President José Raúl Mulino speaks at the Panama-Vietnam Business Forum on October 7 in Hanoi. (Photo: VNA)

Vietnam, Panama seek to expand economic cooperation

In the presence of President Mulino, VCCI and the Chamber of Commerce, Industries and Agriculture of Panama signed a memorandum of understanding (MoU) to strengthen cooperation, enhance trade and investment promotion programmes, and support bilateral investment and trade.

Ministry updates on Vietnam-US reciprocal trade agreement talks

Ministry updates on Vietnam-US reciprocal trade agreement talks

The US is one of Vietnam’s major trading partners and holds paramount importance to the country’s exports. The conclusion of the bilateral trade agreement will help establish a stable and balanced trade framework toward sustainable development and open up greater opportunities for cooperation between the two countries.

MICE visitors enjoy services at Song Be Golf Resort in Ho Chi Minh City. (Photo: VNA)

Ho Chi Minh City shifts MICE tourism from venues to experiences

Ho Chi Minh City boasts significant advantages for MICE tourism, with the central area offering strengths in finance, trade and services; Binh Duong in industry, exhibitions and business connectivity; and Ba Ria-Vung Tau and Con Dao in marine tourism, resorts, ecology and distinctive experiences.