VietJet Jumps 20% in Trading Debut as Travel Demand Soars
- Vietnam’s fast-growing aviation market spurs investor interest
- Low-cost carrier forecasts 30% profit increase for 2017
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VietJet Aviation Joint Stock Co. surged by the 20 percent daily limit in its trading debut on the Ho Chi Minh City Stock Exchange, reflecting investor interest in Vietnam’s first mainboard-listed carrier as travel demand soars in the nation.
The stock rose to 108,000 dong at the close of trading, valuing the low-cost carrier at 32.4 trillion dong ($1.4 billion) and exceeding the market values of some rivals such as Asiana Airlines Inc. VietJet, known for marketing stunts like bikini-clad flight attendants, listed 300 million shares after an initial public offering at 90,000 dong a share.