Loss making Vietnam Airlines faces stock exchange delisting

Wednesday, 19 Feb, 2023 0

Flag carrier Vietnam Airlines could be delisted from the Ho Chi Minh stock exchange, following a third successive annual loss.

It posted a net loss of $439.6 million for 2022.

The Vietnam government owns 86% of Vietnam Airlines.

The airline listed on the Stock Exchange not long before the Covid pandemic.

Japan’s ANA Holdings holds a 5.6% stake in Vietnam Airlines.

Under Vietnam securities law, a delisting happens if a company posts three consecutive annual net losses.

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Ray Monty



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