Government-investment arm SCIC acquires 31% stake in Vietnam Airlines
The proceeds raised from this transaction would help Vietnam Airlines to maintain liquidity in the immediate future and mitigate impacts from the pandemic.
15:36, 2021/01/12
State-owned firms urged to preserve State capital in pandemic context
In a market-based economy, all economic actors compete fairly with each other, while state-owned enterprises (SOEs) are independent and accountable for their own performance, Deputy Prime Minister Truong Hoa Binh has said.
16:03, 2020/12/29
Losses of national flag carrier Vietnam Airlines are less than expected
In 2020, Vietnam Airlines operated 96,500 flights, down 48% year-on-year amid the Covid-19 crisis.
11:56, 2020/11/18
Vietnam parliament OKs to bail out carrier Vietnam Airlines
The State Bank of Vietnam would provide refinancing loans for Vietnam Airlines to maintain current operation.
12:13, 2020/06/12
Vietnam investment arm SCIC plans to invest big in Vietnam Airlines
The investment would be a long-term one as profit is not expected in a short period of time.
11:59, 2019/12/19
Sumitomo Life spends US$173 million for 5% stake of Vietnamese insurer Bao Viet
Under the deal, Sumitomo Life raised its shareholding at Bao Viet from current 17.48% to 22.09%.
18:16, 2019/12/16
Sumitomo Life targets larger share in Vietnam’s major insurer Bao Viet
In case of completing the deal, the Japanese company would raise its stake in Bao Viet to 22.09% and remains the Vietnamese insurer’s second largest shareholder.