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BUSINESS SPOTLIGHT

Vietjet Air IPO named "Best Vietnam Deal" in 2017

Released at: 16:17, 01/02/2018

Vietjet Air IPO named "Best Vietnam Deal" in 2017

Photo: Vietjet

Carrier picks up prestigious award at Finance Asia Awards on January 31 in Hong Kong.

by Ngoc Lan

The Vietjet Aviation Joint Stock Company (Vietjet Air) has received the “Best Vietnam Deal” award from Asia’s leading publication, Finance Asia, for its IPO in early 2017.

The criteria for the award not only factored in Vietjet’s highly successful IPO but also its subsequent performance over the remainder of the year, which boosted the profile of Vietjet in particular and Vietnam-based companies on the global capital market in general.

The ceremony for the Finance Asia Awards, one of the leading awards for the regional finance industry, took place at the Grand Hyatt Hong Kong on January 31. Mr. Chu Viet Cuong from Vietjet’s Board of Directors represented the airline.

Leaving “a series of successful deals” in 2017 behind, Vietjet’s $164 million IPO was professionally conducted, involving consultation from world-renowned law firms and financial institutions for a period of nearly 800 days and following all international IPO standards.

Vietjet was previously acknowledged as having “The IPO Deal of the Year 2017” and was named “The Company with the Best M&A Information Disclosure” at the M&A Awards 2016-2017 Vietnam as part of the Vietnam M&A Forum 2017.

The airline’s 2016 annual report also received a Platinum Award in early 2017 at the Vision Awards 2016 organized by the League of American Communications Professionals (LACP), which ranked it fourth in the Asia-Pacific region and eleventh out of 100 participating businesses worldwide. Entitled “The Flight to the Future”, the 150-page annual report received top scores for sub-categories, including First Impressions, Letter to Shareholders, Report Financials, and sustainable development programs.

Vietjet Air is a member of the International Air Transport Association (IATA) and holds IATA Operational Safety Audit (IOSA) certification. It was also named one of the Top 500 Brands in Asia 2016 by global marketing research company Nielsen, “Best Asian Low Cost Carrier” at the TTG Travel Awards 2015, which compiles votes from travelers, travel agencies, and tour operators in throughout Asia, and Asia’s Best Employer Brand by the Employer Branding Institute and the World HRD Congress for many years.

The airline was also rated as one of the top three fastest-growing airline brands on Facebook in the world by Socialbakers.

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