YKVN advised SCIC on a major equity injection in Vietnam Airlines

September 22, 2021

On September 13, State Capital Investment Corporation (SCIC) announced the disbursement of VND 6.9 trillion (USD 300 million) to buy HVN shares, holding at least 31.08 per cent of the charter capital of Vietnam Airlines Corporation.

The investment is part of a restructuring project to ensure the Vietnam Airlines Carrier adapts to the new Covid circumstances and develops sustainably.

YKVN’s managing partner Truong Nhat Quang, assisted by a team of associates, advised SCIC in this transaction.

About VNA

Vietnam Airlines is the flag carrier of Vietnam. The airline was founded in 1956 and later established as a state-owned enterprise in April 1989. Vietnam Airlines is headquartered in Long Bien District, Hanoi, with hubs at Noi Bai International Airport and Tan Son Nhat International Airport. More about VNA here.

About SCIC

The State Capital Investment Corporation is a state-owned holding company considered a National Wealth Fund of Vietnam. It was established on 20 June 2005 under the mandate of Prime Minister Phan Van Khai as part of a range of reforms aimed at enhancing the efficiency of state capital utilization. More about SCIC here.

Image: © Vietnam Airlines

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