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Billionaire Trinh Van Quyet’s airline is likely to 'threaten' Vietnam Airlines and Vietjet Air

Bamboo Airways may pose a risk of competition with Vietnam Airlines or Vietjet Air; however, this prospect will only happen as early as 2019.

Billionaires in the hand of banks

Being a billionaire by owning billions of dollar of assets, many Vietnamese businesses use these assets to secure their loans or related companies at banks.

Controversy raised over legalization of condotels

About the viewpoint of FLC Chairman Trinh Van Quyet on proposing to apply the civil code to settle legal issues for condotels, many lawyers disagreed because they said it was not suitable.

FLC Faros shareholders pay a price for its liquidity

The brokerage fee that Faros shareholders have paid since the listing was estimated at VND332 billion (about US$14.6 million).

Vietnam's FLC Group plans to lease seven planes from Airbus for new carrier

The new carrier will have a fleet of 'about seven' aircraft by 2018, and its first flight could take place in early 2018.

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