Trading restrictions on Vietnam Airlines (HVN) stock listed on the Ho Chi Minh Stock Exchange, whereby trading was restricted to the afternoon trading session only, have been lifted giving the stock a bounce, CafeFN is reporting. The stock was up 6.82 percent at the close of trade December 25.

Key takeaways

• On April 25, with its audited financial statements 15 days late, trading in Vietnam Airlines was was restricted;
• These restrictions were removed December 26 after audited financial statements were produced at the Annual Shareholders Meeting;
• The stock is still at risk of being delisted due to three years of consecutive losses and its negative equity;
• But Tran Thanh Hien, Chief Accountant of Vietnam Airlines says this is unlikely with VA’s situation being ‘very special’ (read: as a major stakeholder the government may intervene to prevent its delisting).