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Shares in Vietnamese low-cost airline VietJet jumped by 20 per cent on their trading debut in Ho Chi Minh on Tuesday.

The company’s stock rose by the debut day limit to 108,000 Vietnamese dong ($4.74) from a listing price of 90,000 dong.

The airline delayed an international international public offering in either Singapore or Hong Kong last year in what would be the first overseas listing for a Vietnamese company as the country’s law requires companies first list locally.

VietJet last year placed an $11.3bn order for 100 Boeing 737 aircraft alongside as well as ordering 20 A321s to replace its leased fleet.

Copyright The Financial Times Limited 2017. All rights reserved.

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