Traffic restriction to be imposed on dozens of Hanoi’s streets Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
20/01/2021 11:12 GMT+7
Trucks carrying heavy loads and passenger coaches will be prohibited from traveling through a number of roads in the capital city of Hanoi during the 13th National Party Congress which will be held from January 25 to February 2.
Posters marking the 13th National Party Congress are hung in Hanoi s streets (Photo: VNA)
In a bid to ease traffic flow for the important political event, lorries carrying 500kg and more and coaches with 24 passengers or above will be banned from certain streets.
Government to invest $345 million to bail out Vietnam Airlines
By Hung Le January 19, 2021 | 11:00 am GMT+7
A Vietnam Airlines flight attendant wearing protective suit on a special flight in March 2020. Photo courtesy of Vietnam Airlines.
The State Capital Investment Corporation said it is in discussions with Vietnam Airlines to invest VND8 trillion ($345.49 million) in the carrier through a rights issue.
It follows a government resolution to resolve the difficulties faced by the airline due to the impact of the Covid-19 pandemic, Nguyen Chi Thanh, general director of the sovereign fund, said at a press conference late last week.
The resolution requires the State Bank of Vietnam to reimburse loans of up to VND4 trillion to credit institutions that have lent to Vietnam Airlines and allows the carrier to make rights issues to existing shareholders to supplement its capital.
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In its third-quarter result, Vietnam Airlines posted a decline of more than 70 per cent to 7.6 trillion dong in consolidated revenue. It reported a loss of nearly four trillion dong in profit after tax. VIETNAM NEWS AGENCY/VIET NAM NEWS
Vietnam Airlines to raise up to $347M
Tue, 19 January 2021
Vietnam s State Capital Investment Corp (SCIC) plans to invest eight trillion dong ($347 million) in Vietnam Airlines JSC (HVN). The amount is equal to 25 per cent of HVN’s charter capital.
SCIC director-general Nguyen Chi Thanh told a press conference on January 14: “Vietnam Airlines will issue eight trillion dong in shares to existing shareholders to raise its charter capital. And SCIC, representing the government, will buy the shares.”
Saturday, January 16, 2021, 16:48 GMT+7
Aircrafts painted in blue of the air carrier Vietnam Airline is seen in this photo supplied by the firm.
State Capital Investment Corporation (SCIC), the investment arm of the Vietnamese government, is looking to funnel VND8 trillion (US$347 million) into the charter capital of the flagship air carrier Vietnam Airlines.
On Thursday, Nguyen Chi Thanh, CEO of SCIC, revealed that the state-owned company is working with Vietnam Airlines to settle the share prices for the airline’s incoming offerings.
As per the government’s Resolution 194 on the bailout for Vietnam Airlines in light of the COVID-19 crisis, the air carrier is allowed to offer more shares to existing shareholders to increase its charter capital. The government has assigned the SCIC to buy shares of Vietnam Airlines.