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Saturday, January 23, 2021

Vietnam Airlines Awaits Rescue Package from National Assembly

The National Assembly of Vietnam is set to deliberate 12 trillion dong ($520 million) to Vietnam Airlines, the Vietnamese national flag carrier.

The National Assembly of Vietnam is set to deliberate 12 trillion dong ($520 million) to Vietnam Airlines, the Vietnamese national flag carrier.

The assembly would underwrite majority of the capital increase and state lenders would provide soft loans. 

The government has decided to give help to the Vietnam Airlines due to the major financial issues that they are facing due to the coronavirus. 

COVID-19 is not as severe in Vietnam as other countries but the country is still closed closed to tourists. 

However, Vietnam is open for diplomats, business travelers and various experts as long as they provide the proper paperwork.

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