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February 13, 2016 8:20 PM ET

Airlines

Company Overview of Vietnam Airlines Company Limited

Company Overview

Vietnam Airlines Company Limited provides air transport services in Vietnam and internationally. It offers regular-scheduled flights for passenger and cargo; and VIP charter flight and air charter operation services. The company also provides technical and commercial support services for airlines comprising technical support for aircraft at the airports; check-in procedures for passengers, luggage, packages, and their handling; aircraft interior cleaning services; and technical maintenance of equipments and specialized vehicles for aviation services. In addition, it offers ticket sale services for other airlines; and foreign exchange services. Further, the company provides commercial adverti...

No. 200, Nguyen Son Street

Bo De Ward

Long Bien District

Hanoi City,  

Vietnam

Founded in 1956

Phone:

84 4 382 72289

Fax:

84 4 387 22375

Key Executives for Vietnam Airlines Company Limited

Chief Executive Officer, President, Member of Management Board and Director
Chief Financial Officer, Chief Accountant and Director
Trade Union President
Vice President and Director
Vice President and Director
Compensation as of Fiscal Year 2015.

Vietnam Airlines Company Limited Key Developments

Vietnam May Sell Stakes In Large State-Owned Enterprises

The Vietnam government could sell stakes in some large state-owned enterprises this year, including network provider Vietnam Mobile Telecom Services Company and Saigon Beer Alcohol Beverage Corporation. The government could also divest further from beer firms Hanoi Beer Alcohol and Beverage Joint Stock Corporation and Vietnam National Textile Garment Group, Vietnam Airlines Company Limited and Petrolimex Gas Corporation JSC. There has also been talk about the sale of the government's $3.1 billion worth of shares in profitable dairy products maker Vietnam Dairy Products Joint Stock Company, held by government investment arm State Capital Investment Corporation (Vietnam).

VNA To Complete Negotiations With Investor In 2015

Vietnam Airlines Company Limited plans to complete its final negotiations with a potential strategic investor in December 2015, Pham Ngoc Minh, General Director told a conference on December 9, 2015. Pham Ngoc Minh said the strategic investor was foreign, but he did not directly identify it. "There is no concrete regulation on equitising airlines in Vietnam, so the initial difficulties are inevitable. We are still in negotiations and expect to finish by the end of this month or early next year," Pham Ngoc Minh said. The agreement between Vietnam Airlines Company and the strategic investor is expected to be signed in the first quarter of next year, Pham Ngoc Minh said.

ANA Holdings Mulls Acquisitions In Asian Airlines

ANA Holdings Inc. (TSE:9202) is seeking acquisitions. ANA Holdings Inc. is looking to bolster its hold on Asian traffic through equity stakes in other Asian carriers and joint venture agreements, said Chief Executive Shinya Katanozaka. "We are approaching a number of Asian airlines," Shinya Katanozaka said in an interview. ANA said it is considering investments in Vietnam Airlines Company Limited, Shinya Katanozaka said, though it also may deepen its cooperation with PT Garuda Indonesia (Persero) Tbk (JKSE:GIAA) and Philippine Airlines, Inc. with equity stakes. ANA would be limited to a minority share. Shinya Katanozaka said, "We are trying to find another partner in Myanmar." “ANA was going to take a 49% stake in Asian Wings Airways Limited but pulled out over concern about intensified competition,” Shinya Katanozaka said. ANA Holdings is exploring possible joint venture agreements with Asian carriers.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 12, 2016
--
Merger/Acquisition
July 21, 2015
Vietnam Aviation Insurance Joint Stock Company
 

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