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Vietnam Air IPO 'won't boost SOE sell-off drive'

Analysts also say share sale may not bring radical change in the company or the state sector more broadly

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Vietnam Airlines is in a relatively strong position domestically, despite new competition from low-cost VietJet Air, but it is expected to face stiff regional competition as it looks to expand long-haul routes.

Hanoi

AFTER decades of speculation and multiple failed attempts, Vietnam Airlines' long-awaited initial public offering (IPO) is set for take-off on Friday, but experts say it is unlikely to boost the communist country's lacklustre privatisation drive.

The offer of shares in the "