Government advances $97 million to pay debt for Phuong Nam Pulp Mill

Government advances $97 million to pay debt for Phuong Nam Pulp Mill

Vinapco and the MoIT have been unable to sell Phuong Nam Pulp Mill to repay the government loans they received to pay off banks.
Sky falls in on private airlines

Sky falls in on private airlines

Several underperforming private airlines face having their wings clipped.
Jetstar hits fuel turbulence

Jetstar hits fuel turbulence

Jetstar Pacific, the country’s second largest airline, is facing a difficulty as its fuel supply contract with Vietnam Air Petrol Company Limited ended on May 31st with the airline owning $8.3 million.
Vinapco to cough up

Vinapco to cough up

Vietnam Air Petrol Company (Vinapco) has lost its appeal regarding its commercial dispute with Jetstar Pacific Airlines (JPA).
Indochina Airlines still hit by turbulence

Indochina Airlines still hit by turbulence

The VND25 billion ($1.25 million) bad debt Indochina Airlines owes to aviation fuel supplier Vinapco would have been avoidable if the latter had received more justified instructions from relevant authorities.