ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more