(VOVworld)- Vietnam Airlines, the country’s largest aviation corporation has started trading more than 1.22 billion shares on the Unlisted Public Company Market (UPCoM) at a starting price of 28,000 VND (1.24 USD) per share.

Representatives of the Finance Ministry and Vietnam Airlines at the opening ceremony of Vietnam Airlines share trading on Unlisted Public Company Market (File photo)

As expected, share prices, listed as HVN, hit the daily limit rise of 40 percent for the first trading day to 39,200 VND per share, putting the company’s market capitalisation at more than 48 trillion VND. Before listing, it was traded at around 40,000 VND per share on the Over-The-Counter (OTC) market. Vietnam Airlines has contributed the second largest volume of shares in scale and value on UpCom. The largest is the Airports Corporation of Vietnam (ACV), whose 2.18 billion shares were listed on November 21. The corporation expects the listing to raise its brand profile and prestige on the market and mobilise capital for its investment needs.