Reported 8 months ago
Vietnam Airlines is reportedly at risk of insolvency by July if the repayment deadline for its government-backed loan is not extended. The national carrier received 4 trillion dong in low-cost loans that were refinanced at zero interest in 2021. Financial difficulties exacerbated by the pandemic have hindered the airline's refinancing efforts, including restructuring investments and share sales. The government recommended extending the loan repayment deadline to Dec. 31, 2027, to aid in the airline's restructuring process.
Source: YAHOO