ex. Game, Music, Video, Photography

Carriers, tourism firms teeter on the brink

With aviation and tourism arguably the hardest hit sectors by the Covid-19 pandemic, Vietnamese carriers and tourism companies are struggling to survive.

Ngày đăng: 13 tháng 9, 2021
Cập nhật: 20 tháng 11, 2022
Lượt xem: 308916569
Nguồn: vnexpress

Aviation revenues last year fell by over 61 percent from 2019, and the third Covid-19 wave in the first quarter of this year caused revenues to plunge 80 percent year-on-year, making it next to impossible for carriers to service their loans, according to a recent report by the Ministry of Planning and Investment.

National flag carrier Vietnam Airlines projected a loss of VND4.8 trillion in the first quarter and VND10 trillion in the first six months. It is now said to be on the verge of bankruptcy.

"The airline is facing legal cases due to high overdue debts and risks in balancing short-term loans."

Since commercial banks have not received the VND12 trillion ($523 million) support package from the government, they have not been able to grant loans to Vietnam Airlines.

Meanwhile, budget carrier Vietjet is short of VND10 trillion for its operational expenditures.

With experts and industry insiders estimating it would take at least until 2024 for the aviation industry to recover to pre-pandemic levels, the ministry has proposed that the government provides carriers with loans at four percent interest during the 2021-2023 period to help them survive.

Other reductions or scrapping of service fees at airports should be maintained until the end of this year, it added.

Meanwhile, a report by the Vietnam Tourism Association (VITA) says up to 90 percent of tourism companies, restaurants and hotels are in dire straits.

Most of these businesses have had to let their employees stay at home without pay, the report says.


Từ vựng liên quan

Tin tức liên quan

 Tet travel rush has Saigon traffic in a jam
news 22/03/2021

Tet travel rush has Saigon traffic in a jam

news | 38186627

Major streets and city access roads across HCMC were choked Sunday due to increasing Lunar New Year travel demand.

Vietnam to build $1.3 billion expressway in Mekong Delta
business 23/09/2021

Vietnam to build $1.3 billion expressway in Mekong Delta

economy | 335786566

A state-owned construction company is planning to build a 155 km (96 mile) expressway through the Mekong Delta using ODA and public funds.

Vietnam arrests two bloggers on anti-state propaganda charges
news 23/09/2021

Vietnam arrests two bloggers on anti-state propaganda charges

news | 335816586

They stand accused of posting 'fabricated, distorted and defamatory information.'

North-South high speed railway can cost $32 billion less: Ministry
business 16/09/2021

North-South high speed railway can cost $32 billion less: Ministry

economy | 317816581

Using different routes and speeds, two ministries have North-South high speed railway cost estimates that differ by a whopping $32 billion.

 Video emerges of
world 27/03/2021

Video emerges of 'son' of assassinated Kim Jong-Nam

world | 104296605

He claimed to be Kim Han Sol, Kim Jong Nam's son.

 China partly suspends dragon fruit imports from Vietnam
business 18/09/2021

China partly suspends dragon fruit imports from Vietnam

industries | 323636583

China has temporarily ceased the import of dragon fruit from Vietnam via a floating bridge in Dongxing City after detecting the novel coronavirus on packaging.

Central Vietnam braces for floods as downpours pelt region
news 13/09/2021

Central Vietnam braces for floods as downpours pelt region

news | 309536587

Heavy rains continue to pound provinces from Nghe An to Quang Ngai.

 HCMC pilots smart camera system to ease traffic flow
news 22/03/2021

HCMC pilots smart camera system to ease traffic flow

news | 38286626

HCMC will deploy a smart camera system to detect traffic congested areas and guide vehicles from afar on alternate routes.

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Loading…