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Vietnam Airlines awaits rescue package from National Assembly

Lawmakers consider capital increase and loans worth $520mn

Vietnam's National Assembly has two days left in which to work out details of a half-billion-dollar rescue of cash-strapped flag carrier Vietnam Airlines.   © Reuters

HANOI -- The National Assembly of Vietnam is set to deliberate a 12 trillion dong ($520 million) rescue of cash-strapped flag carrier Vietnam Airlines, a package in which the state would underwrite the majority of a capital increase and state lenders would offer soft loans.

The rescue package comprises a capital increase of 8 trillion dong plus 4 trillion dong of soft loans.

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