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Vietnam Airlines plans new listing as Hanoi reduces stake

Move comes as state-owned airline loses market share to low-cost carriers

Aircraft models seen in a ticket office in Hanoi, Vietnam. The IATA expects airline passengers in the country will reach 150 million by 2035.   © Reuters

HO CHI MINH CITY -- State-owned Vietnam Airlines is set to list 1.4 billion shares on the Ho Chi Minh stock exchange as early as May, marking the next step for the government in its plans to reduce ownership in the airline to 51% by 2020.

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