VietJet IPO propels Vietnam ECM into the sky

Company launches the country's first international equity offering as the government's privatisation programme also kicks into gear.

VietJet IPO propels Vietnam ECM into the sky

One of Vietnam’s most recognisable brands and dynamic private sector companies has launched an initial public offering that may herald a long hoped for turning point in the development of the country’s equity capital markets.

Vietnam remains one of Asia’s last major outliers when it comes to a fully functioning stock market, with progress bedeviled by a series of small, mis-priced deals that have done nothing to improve liquidity or foster good market practice.

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