leftcenterrightdel
At Noi Bai International Airport

The aviation sector has so far borne the brunt of three waves of COVID-19 outbreaks, which has frozen international travel. In the first two months of this year, their international passenger throughput amounted to 66,600, down 98.8 percent on-year.

These figures were mentioned in the VABA’s proposal for credit assistance to aviation companies, which was recently submitted to the Ministry of Planning and Investment.

Earlier, Vietnam Airlines obtained a credit package worth 4 trillion VND. As a result, in the proposal, Vietjet Air has asked for a credit package of between 4-5 trillion VND for 2021-2023, with interest rate reduced by 4 percent. Meanwhile, Bamboo Airways has called for a refinanced zero-percent-interest-rate long-term loan of 5 trillion VND and long-term loans worth 5 trillion VND from commercial banks with subsidized interest rates. 

The VABA also proposed reducing the environmental tax on fuels to 900-1,000 VND per litre and extending deadlines for paying taxes, including corporate income tax, value-added tax, and personal income tax.

Source: VNA