Foreign ownership limit in Vietnam budget carrier Vietjet goes up to 30%

Foreign ownership limit in Vietnam budget carrier Vietjet goes up to 30%

Vietnam’s State Securities Commission has allowed Vietjet Air to lift its foreign ownership limit (FOL) to 30%, the budget airline announced Wednesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietjet secures $550 mln aircraft funding from Carlyle Group

Vietjet secures $550 mln aircraft funding from Carlyle Group

Vietnamese budget airline Vietjet and Carlyle Group, a US-based leading financial group, signed an aircraft finance agreement worth $550 million on Monday during U.S. President Joe Biden’s visit to Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Multi-sector corporation Sovico reports 5-fold profit increase in 2022

Multi-sector corporation Sovico reports 5-fold profit increase in 2022

Vietnamese conglomerate Sovico reported net revenue of VND687.5 billion ($29.15 million) in 2022, up 2.3 times year-on-year, and after-tax profit of VND3.27 trillion ($138.77 million), up nearly 5 times.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hoa Phat chairman becomes Vietnam’s 2nd richest, after Vingroup’s Vuong

Hoa Phat chairman becomes Vietnam’s 2nd richest, after Vingroup’s Vuong

Tran Dinh Long, Chairman of Hoa Phat Group, whose net worth quickly expanded an additional $200 million in the past three days, has surpassed CEO of Vietjet Air Nguyen Thi Phuong Thao to become the second richest person in Vietnam, according to Forbes.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

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