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03-Jan-2007 10:07 AM

Vietnam Airlines among 53 key state firms to be equitised

Analysis

Hanoi (XFNews-ASIA) - Vietnam will partially equitise its national airline next year and also sell shares in more than 50 major state-owned enterprises by 2010, the government said.

Vietnam Airlines, one of the most profitable state owned enterprises (SOEs), will be equitised in 2008 under a decision signed by Prime Minister Nguyen Tan Dung last week, it said on its official website.

Officials have said in the past that the Vietnamese government will maintain a controlling stake in the flag-carrier and other key SOEs, 15 of which will go public next year out of 53 set for equitisation by 2010.

Vietnam Airlines, which last month joined the International Air Transport Association, maintains direct air links with 24 destinations worldwide and offers code-sharing flights to three others.

The Vietnam Textile and Apparel Group is also set to become part-equitised by next year, to be followed by the Paper Corporation, Steel Corporation and Northern Foodstuff Corporation in 2009, the government said.

The Vietnam Cement Corporation and Chemical Corpration will go public in 2010, it said.

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