HVN - Moderate but sustainable growth in the medium term - Listing Note 2017-01-03T17:27:36 Company Research Vietnam’s national airline Vietnam Airlines (HVN) was listed on UPCoM today. The listing reference price on the first trading day was VND28,000 per share, which implies a market cap of USD1.5 billion based on the 1,227,533,778 shares outstanding.