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15:56 05/01/2017

Vietnam Airlines shares soar 40 pct on debut, giving it $2.1 bln value

Shares of Vietnam Airlines surged 40 percent on their stock market debut on Tuesday, valuing the firm at $2.1 billion, as investors sought exposure to the flagship carrier to tap into strong air travel growth in the Southeast Asian nation. A strong stock market showing could prove beneficial to the Vietnamese government's stake divestment plan. The government wants to sell off its stake in several state firms, including brewers Sabeco and Habeco, and use stock market prices as benchmarks to value its holdings in them.