Singapore’s sovereign wealth fund GIC pares stake in VietJet Air

VietJet Air CEO Nguyen Thi Phuong Thao speaks behind a model of a VietJet aircraft during an interview in her office in Ho Chi Minh City, Vietnam, January 10, 2017. Photo: REUTERS/Kham/File Photo

Singapore’s sovereign wealth fund GIC has reduced its ownership in Vietnam’s budget airline VietJet Air (VJC) to 4.97 per cent and is no longer a major shareholder of the carrier.

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