Bamboo Airways, a subsidiary of real estate developer FLC Group, is planning to issue an initial public offering (IPO) in 2020 to serve its expansion plans.
Bamboo Airways is planning to issue an initial public offering (IPO) in 2020 to serve its expansion plans (Photo: VNA)
Hanoi (VNA) - Bamboo Airways, asubsidiary of real estate developer FLC Group, is planning to issue an initial public offering (IPO) in 2020 to serveits expansion plans.
Chairmanand CEO of Bamboo Airways Trinh VanQuyet said it is expected to raise about 100 million USD, which will helpBamboo Airways expand its fleet, targeting to occupy 30 percent of the marketshare next year.
Currently,the airline holds about 10 percent market share of Vietnam’s aviation market. It operates 10 aircraft on25 domestic and international routes.
BambooAirways will also list shares next year after the IPO, however, Quyet said he has not decidedon a bourse yet.
InAugust this year, Prime Minister Nguyen Xuan Phuc allowed the carrier toincrease its fleet to 30 aircraft by 2023, including both narrow-body andwide-body aircraft./.
Bamboo Airways makes no secret of its ambition to become the first airline in Vietnam to operate direct flights to the United States, the airline’s Deputy Director General Truong Phuong Thanh said at a seminar on August 1.
The Civil Aviation Authority of Vietnam on August 13 granted local carrier Bamboo Airways an Approved Training Organisation (ATO) certificate, allowing it to train aviation staff, firstly flight attendants and technicians.
Increasing numbers of airlines and aircraft are putting serious pressure on Vietnam’s aviation infrastructure. As competition for market share and skilled labour intensifies, the Government must take measures to ensure a fair playground and long-term development, said industry experts and authorities.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Bamboo Airways is planning to issue an initial public offering (IPO) in 2020 to serve its expansion plans (Photo: VNA) 
