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Submitted by honghanh on Wed, 06/18/2008 - 15:00
The government has given the nod to the national flag carrier Vietnam Airlines to sell 10-20 percent of its stocks to foreign strategic partners. The State will retain a stake of between 70-80 percent.

At present, Vietnam Airlines has been implementing its equitisation procedures, including selection of a financial consultant, design of an equitisation plan, inventory of assets, auditing and other work.

Over the recent years, Vietnam Airlines has recorded high growth rates in terms of both passenger transport and revenue.

Last year, it transported 8 million passengers and earned VND20.37 trillion, up 18 percent and 15.5 percent, respectively, over 2006.

In 2008, the airlines expects to serve 9 million passengers and maintain its annual growth rate of above 14 percent despite the harsh competition in both domestic and international markets./.

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