Vietnam Airlines on the verge of bankruptcy, faces risk of legal action due to arrears

Vietnam Airlines is on the verge of bankruptcy due to mounting losses and debts in the aftermath of the COVID-19 pandemic, the country’s investment ministry said.

The listed flag carrier was said to have an estimated loss of 10 trillion dong ($435 million) in the first half of this year, while overdue debts have reached 6.24 trillion dong, according to a document from the ministry of planning and investment, dated June 14.

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