Extend debt restructuring period for Vietnam Airlines by 3 years

The State Bank of Vietnam has extended the debt restructuring period for Vietnam Airlines until 2027, helping the agency overcome the impact of COVID-19 and stabilize its finances.

Headquarters of the State Bank of Vietnam .

The Governor of the State Bank of Vietnam issued Circular No. 16/2025/TT-NHNN amending and supplementing a number of articles of Circular No. 04/2021/TT-NHNN dated April 5, 2021 regulating refinancing for credit institutions after credit institutions lend to Vietnam Airlines Corporation - JSC and restructuring debt repayment terms, maintaining debt groups, and setting up risk provisions for debts of Vietnam Airlines Corporation - JSC due to the impact of the Covid-19 pandemic (Circular No. 16/2025/TT-NHNN).

Specifically, Article 1 of Circular 16 amends and supplements a number of provisions in Circular No. 04/2021/TT-NHNN, including: restructuring debt repayment terms, debt classification and risk provisioning; responsibilities of a number of units under the State Bank after restructuring the apparatus.

In Article 12 of the Circular, credit institutions shall restructure the debt repayment period for the debt of Vietnam Airlines Corporation - JSC ( Vietnam Airlines ) within a maximum period of no later than December 31, 2027, based on the request and assessment of the enterprise's debt repayment capacity.

Thus, compared to the provisions of Circular 04, the restructuring period for Vietnam Airlines' debts is extended by 3 years. During the restructuring period, credit institutions shall classify debts and set aside risk provisions according to the Prime Minister 's Decision.

In addition, the Circular also amends and supplements the responsibilities of the State Bank Inspectorate. Specifically, within 3 working days from the time of discovering that a credit institution fails to collect debts on time as prescribed, the State Bank Inspectorate shall send a written document to the credit institution, the Transaction Office, the Monetary Policy Department, the Department of Credit for Economic Sectors and the Department of Credit Institution Management and Supervision to notify the violation, and at the same time conduct inspections and handle them according to its authority.

HONG ANH

Source: https://nhandan.vn/gia-han-thoi-gian-co-cau-no-cho-vietnam-airlines-them-3-nam-post896514.html