Vietnam to consider zero-interest loans for all airlines

The Government is considering a VNĐ25 trillion zero-interest loan package for all Vietnamese airlines in a bid to support the industry during the pandemic. — VNA

HANOI (Vietnam News/Asia News Network): The Government Office has instructed the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Transport and the State Bank of Vietnam to study a proposal by the Vietnam Aviation Business Association (VABA), in which the airline industry is to gain access to VNĐ25 trillion (over US$1.1 billion) of zero-interest loans.

The loans, according to VABA, are intended to help the airlines to cover recurring expenses, acquire supply and new machinery and to perform maintenance duties during the pandemic.