Vietnam lawmakers approve capital injection plan for national airline

Vietnam’s National Assembly approved on Tuesday a plan to boost the capital of state carrier Vietnam Airlines after it was hit by the coronavirus pandemic. Under the plan, the government will buy new shares from the country’s flag carrier through its State Capital Investment Corp (SCIC), said the National Assembly. The statement didn’t say how much the plan would cost, but state media reports earlier this month said that Vietnam Airlines was in need of 12t dong ($518m). The State Bank of Vietnam, the country’s central bank, will also indirectly provide low-interest loans to Vietnam Airlines through financial institutions, the lawmakers’ statement said.<br/>