Hanoi lawmakers approve $520m rescue of Vietnam Airlines

Carrier 'is working on restructuring plan,' National Assembly chairman says

A worker disinfects a Vietnam Airlines plane. Lawmakers have passed a 12 trillion dong package to rescue the airline which has been hit hard by the coronavirus pandemic. © Reuters

TOMOYA ONISHI, Nikkei staff writer

November 17, 2020 23:29 JST

HANOI -- Vietnam's National Assembly on Tuesday unanimously approved a 12 trillion dong ($520 million) rescue plan for cash-strapped flag carrier Vietnam Airlines, wrapping up the final day of the parliamentary session.

"Vietnam Airlines is working on a restructuring plan. It will submit the plan to the government soon," said Nguyen Hanh Phuc, chairman of the Office for the National Assembly.