The no-interest loan is aimed to help the state-owned airline mitigate negative impacts of the Covid-19 pandemic.

To further stimulate demand, airlines are forced to offer big promotions, which in turn contribute to incurring greater losses right in the peak season.

Vietnam’s aviation authority would consider issuing import certificate for Boeing 737 Max in case countries like China, Australia and Russia lift their respective bans on the aircraft model.

Instead of returning home or traveling during the Tet holiday, people would choose to stay put due to concern of the pandemic.

As the world is struggling with unprecedented crisis from the Covid-19 pandemic, Vietnam has emerged as one of the most successful stories by putting the deathly virus under control and boosting strong economic growth.

The Ministry of Transport would review this loan and report to the government.

The focus of the government’s support this time would be for enterprises with high spillover effects to the economy, especially in fields of aviation, tourism and consumer products.

Given the prime ministerial decision, Vietnam would have a sixth operational airline.

More efforts are being made to speed up the economic recovery process while many countries are struggling with the Covid-19 pandemic.