Vietnam Airways has confirmed it would concern practically US$346 million in new shares to current stakeholders.
The transfer comes because the flag-carrier seeks to speed up its restoration from the affect of the Covid-19 pandemic and return to profitability by 2023.
The issuance might be accomplished by June subsequent 12 months.
All capital raised might be used to repay excellent money owed, its chairman Dang Ngoc Hoa mentioned at a daily shareholder assembly.
Because of the Covid-19 pandemic, the provider anticipated to make losses of round US$625 million this 12 months.