In 2019, the combined value of Vietnam’s top 50 most valuable brands reached over US$9.3 billion, according to Forbes Vietnam’s ranking.

The repatriation completes more than a month after the case reported in Essex, the UK.

Experts believed that the government’s decision on increasing foreign holding will be a springboard for foreign investors to penetrate into the Vietnamese burgeoning market.

Kite Air targets to be a budget airline with a focus on domestic routes, aiming to serve passengers in provinces/cities with underdeveloped aviation infrastructure.

The move came after Iran fired missiles at US targets in Iraq.