Friday, December 9, 2022 2:50:52 AM - Markets open
VN-INDEX 1,050.53 +9.51/+0.91%
HNX-INDEX 215.37 +5.44/+2.59%
UPCOM-INDEX 71.62 +1.17/+1.66%
HVN: Vietnam Airlines signs 173.7-mln-USD credit deal with three banks
Vietnam+ - 7/7/2021 4:21:19 PM
 (0 ratings. You must sign in to rate.)
National flag carrier Vietnam Airlines on July 7 signed a credit deal – worth total of 4 trillion VND (173.7 million USD) – with three commercial banks, which are expected to weather the financial impact of the COVID-19 pandemic.
 
Under the agreement, the Southeast Asia Commercial Joint Stock Bank (SeABank), the Vietnam Maritime Commercial Joint Stock Bank (MSB) and the Saigon - Hanoi Commercial Joint Stock Bank (SHB) are committed to providing the carrier with zero-interest loans refinanced by the State Bank of Vietnam.
 
Despite the recovery of the domestic aviation market, Vietnam Airlines said, it has lost more than 60 percent of revenue due to travel restrictions and border closures induced by COVID-19.
 
Last year, the airline posted a revenue of over 40.61 trillion VND, down 59 percent from 2019.
 
The carrier operated around 96,500 flights during the year, a drop of more than 48 percent as compared to the previous year. It served 14.23 million passengers and handled nearly 195,000 tonnes of cargo, decreases of 51 percent and 47 percent, respectively.
 
Vietnam Airlines, which is 86.19 owned by the government, is taking necessary steps to issue 8 trillion VND worth of ordinary shares to existing shareholders by the end of third quarter of this year./.
VNA
 
Read original article here
 
Newer News
12/10 VIB: VIB's pre-tax profit up 46% in nine months
11/09 PV GAS affiliate opens LPG extraction, filling station in Khanh Hoa
19/08 GEG: Japanese firm buys 35.1 per cent stake in Việt Nam’s power company
18/11 TAR: Can Tho company to export 15,000 tonnes of rice to RoK​
09/11 French expert pins high hope on foreign companies’ prospects in Vietnam
15/10 FLC: Bamboo Airways opens Hà Nội-Điện Biên route
08/09 HAG: shares continue to trade under supervision of HoSE
16/08 VPB: VPBank's charter capital to reach $3.3 billion by 2022
15/07 HVN: Vietnam Airlines to raise over $346 million through share issuance
08/07 GVR: Rubber group looks to boost industrial zone development
Older News
05/07 HVN: Vietnam Airlines, SeABank sign 2-trillion-VND credit contract
29/06 VIC: Car maker VinFast to expand dealership network to Laos
02/06 POW: POW faces risk of being kicked out of VN30-Index
23/02 KDC: KIDO Group aims for profit of 800 billion VND in 2021
13/01 HNG: HAGL Agrico shareholders approve new development strategy
08/01 BSR: Binh Son Refining and Petrochemical eyes 37.45 million USD in after-tax profits
08/01 HPG: Hoa Phat Group’s steel output surpasses 5 million tonnes for first time
19/12 ACV to invest more than $4.3 billion in Long Thành Int’l Airport
19/11 BDC: Nghị quyết Đại hội đồng cổ đông bất thường năm 2019
20/05 KDH: House to issue 130 million shares for dividend and bonus payments
 
Newsletter Signup
Top Stories
PM asks to foster macroeconomic management, firm up confidence of people and businesses
Banks gain big profits from forex trading
Pharmaceutical firms report positive results in Q3
Petrol prices surge in latest adjustment
Investors worried as speculative stocks plummet
Market Update
Last updated at 3:05:04 PM
VN-INDEX 1,050.53 +9.51/+0.91%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.