Corrects third paragraph to the federal government holds a controlling stake in Vietnam Airways by
Corrects third paragraph to the federal government holds a controlling stake in Vietnam Airways by way of the Fee for the Administration of State Capital at Enterprises, not by way of SCIC
HANOI, Nov 10 (Reuters) – Vietnam’s State Capital Funding Corp (SCIC) is able to inject more cash into Vietnam Airways HVN.HM to assist the flag provider climate the influence of the coronavirus pandemic, SCIC’s deputy chief government officer stated on Tuesday.
“The funding is pending a authorities choice,” Dinh Viet Tung stated by phone, declining to offer additional particulars.
State broadcaster VTV cited Tung as saying that SCIC may make investments as much as 6.eight trillion dong ($293.44 million) to purchase new shares. Vietnam Airways is 86% owned by the federal government by way of the Fee for the Administration of State Capital at Enterprises.
Vietnam Airways final month reported a internet lack of $453 million within the first 9 months of this yr because of the coronavirus pandemic.
($1 = 23,173 dong)
(Reporting by Khanh Vu Modifying by Ed Davies)
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