In a recent document sent to the Ho Chi Minh City Stock Exchange, HDBank stated the transaction is expected to take place from 4/12 to 31/12. The bank will reduce its ownership in Vietjet Aviation Joint Stock Company from 1,01% to 0% if the transaction is successful.

The divestment comes amid a strong surge in Vietjet's stock over the past six months. From below 90,000 VND in early July, VJC at one point reached 220,000 VND, representing a 144% increase. Based on the closing price of the first trading session this week (approximately 204,000 VND), HDBank could generate over 1,220 billion VND from this sale.

An HDBank transaction office. Photo: HDBank

This is not the first time HDBank has divested from Vietjet. In 2023 and 2024, the bank had previously sold shares multiple times to reduce its ownership from nearly 4,95% to the current level.

Vietjet currently has a market capitalization exceeding 120,600 billion VND. The company ranks 8th in market capitalization on the Ho Chi Minh City Stock Exchange, trailing only four Vingroup-affiliated stocks, Vietcombank, PV Gas, and Vinamilk.

In the first nine months, Vietjet recorded consolidated net revenue of nearly 52,770 billion VND, a slight increase compared to the same period last year. The company reported after-tax profit of 1,614 billion VND, a 15% rise year-on-year. According to management, the positive business results are due to effective flight network coordination and expansion, coupled with a sharp decline in fuel prices.

Phuong Dong