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Vietnam Airlines to issue $346 mln in shares to support recovery

Vietnam Airlines said it would issue nearly $346 million worth of shares for existing stakeholders to boost its recovery from the impacts of the coronavirus pandemic and return to profitability by 2023.

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Vietnam Airlines estimates $620 mln loss in 2020, lower than expected

National flag carrier reported a loss of VND14,445 billion ($620 million) in 2020, lower than expectation, company leaders told the extraordinary shareholder meeting held on Tuesday.

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Consortium led by Singapore’s GIC to invest $203.24 million in Vingroup medical unit

A consortium led by Singapore’s state investor GIC Pte is buying a stake in Vinmec, the medical unit of Vietnam’s largest conglomerate Vingroup , for over $200 million, Vingroup said on Monday.

  • Aviva to sell Vietnam unit to ManuLife

    British insurer Aviva is to sell its Vietnamese business to Canadian insurer ManuLife it said on Monday, as it pushes ahead with plans to pull out from its non-core markets.