Vietnam to offer $173 mln interest-free loan to help troubled flag carrier
11 mars 2021
Vietnam’s central bank said on Wednesday it is planning to provide an interest-free loan of up to 4 trillion dong ($173.54 million) to Vietnam Airlines to help the flag carrier weather the wide impact of the coronavirus pandemic.
The loan will be provided through local financial institutions within this year, the State Bank of Vietnam said in a statement, adding that it is seeking opinions from related authorities over the plan.
Vietnam Airlines, 86% owned by the government, reported net losses of 11.1 trillion dong ($481.52 million) last year, compared with net profit of 2.54 trillion dong in 2019. ($1 = 23,050 dong)
By Khanh Vu – Reuters – March 10, 2021
Articles similaires / Related posts:
- Banks pledge loans to help Vietnam Airlines avoid bankruptcy Three Vietnamese banks have pledged to lend 4 trillion dong (US$173.8 million) to Vietnam Airlines to help the troubled flag carrier weather the impact of the pandemic and avoid bankruptcy, local media reported on Monday....
- SeABank funds Vietnam Airlines recovery with $87 mln loan Private lender SeABank will provide a zero-interest loan of VND2 trillion ($87.19 million) to Vietnam Airlines to save the carrier from bankruptcy....
- Vietnam to resume international flights Vietnam will resume international commercial flights to several Asian destinations starting Friday, after a monthslong shutdown to curb the coronavirus outbreak...
- Vietnam’s first cargo airline hopes to fly high IPP Air Cargo, Vietnam’s first cargo airline, would fly to 16 local destinations and a number of foreign ones, and break even in three years, its chairman told VnExpress....
- Vietnam sees huge demand as international flights resume Vietnam has reopened to fully vaccinated travelers from a range of countries and has already welcomed over 1,700 passenger arrivals in the first three days. The Civil Aviation Authority of Vietnam is reporting that 11 carriers operated 17 scheduled flights into Vietnam over the period....