Vietnam Airlines has confirmed it will issue nearly US$346 million in new shares to existing stakeholders.
The move comes as the flag-carrier seeks to accelerate its recovery from the impact of the Covid-19 pandemic and return to profitability by 2023.
The issuance will be completed by June next year.
All capital raised will be used to pay off outstanding debts, its chairman Dang Ngoc Hoa said at a regular shareholder meeting.
Due to the Covid-19 pandemic, the carrier expected to make losses of around US$625 million this year.