Aviation seeks support from central bank

Revenue in the aviation sector has fallen 90 per cent since the fourth Covid-19 outbreak began, while carriers have been facing capital shortages and pressure to pay principal and interest. The Vietnam Aviation Business Association (VABA) has proposed that the State Bank of Vietnam adjust regulations on rescheduling the repayment terms and exempt or reduce interest rates and fees. It also proposed a credit package of VND5 trillion ($220.2 million) with preferential interest rates.