Vietnam Airlines to partially privatise in November

Vietnam Airlines has stated it will be partially privatised in November as part of a long-delayed government drive to sell off the country’s mostly inefficient state-owned enterprises. Around 25% of the national carrier will be sold in an IPO, the company said in a statement. “Based on the [privatization] plan approved by the Prime Minister, Vietnam Airlines will quickly implement steps to proceed with the IPO in late November 2014,” it said. Vietnamese state media reported that 20% of the shares will be sold to strategic investors, some 3% to airline staff and the rest to the public. The state