Vietnam Airlines, SeABank sign VND2 trillion credit contract

ABO/NDO – The Vietnam Airlines Corporation and the Southeast Asia Commercial Joint Stock Bank (SeABank) have signed a credit contract worth VND2 trillion (US$87.24 million), part of which will be disbursed by the bank in early July.

The credit package aims to help Vietnam Airlines maintain production and business activities amid difficulties due to COVID-19 pandemic.

General view of the signing ceremony. (Photo: VNA).

In addition, Vietnam Airlines, SeABank and BRG Group have also signed an agreement on strategic partnership for common development in many areas and giving better experiences to customers.

Chairman of Vietnam Airlines Dang Ngoc Hoa said that the BRG Group and SeABank are large-scale organisations with strong financial capacity that are serving dozens of millions of customers at home and around the world.

The partnership will make BRG and SeABank large partners of Vietnam Airlines in many areas, he said, adding that the soft loan will help Vietnam Airlines settle difficulties posed by COVID-19, recovering its operations and contributing to the country’s socio-economic development.

SeABank General Director Le Thu Thuy said that the strategic partnership among SeABank, BRG and Vietnam Airlines will create chances for customers to benefit from optimal services thanks to the combination of leading firms in aviation, hotel-resort, retail, and banking finance.

(Source: NDO)