Vietnam Airlines share trades to be limited from Nov. 3 over losses

Shares of Vietnam Airlines will be limited from trading on the Hochiminh Stock Exchange from Nov. 3, due to the flag-carrier’s mounting losses, the bourse said in a filing. Vietnam Airlines’ accumulated loss reach 17.7t dong ($782.25m) as of end-June, the exchange said, adding that shares of the company will only be allowed to trade in the second half of the trading day. The company didn’t immediately respond to a request for comment. Vietnam Airlines has been one of the hardest-hit firms in Vietnam during the COVID-19 pandemic. The national flag carrier is 86% owned by the state and plays a crucial role in the Southeast Asian country’s business and tourism economy. The company last month raised $351m from issuing new shares to its existing shareholders, after signing deals in July for loans worth $173.8m from three local banks to shore up its liquidity.<br/>