Vietnam Maritime Commercial Joint Stock Bank (MSB) stated it would seize collateral assets to recover debt, as per the mortgage agreement signed with Tre Viet Aviation Joint Stock Company (Bamboo Airways).

The seized assets include 387 land use rights and properties located at the Dak Doa complex, Nhon Hoi ecological tourism urban area in Gia Lai, and FLC Sam Son ecological tourism urban area in Thanh Hoa. All these assets are registered under FLC Group.

Earlier this month, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) similarly announced the seizure of collateral assets related to Bamboo Airways' non-performing loans. This action followed the failure of both the borrower and guarantor to meet their payment obligations. The seized asset is a land use right covering over 86,300 square meters in Dak Doa, Gia Lai.

Sacombank stated it had requested the borrower and guarantor to voluntarily surrender the assets before 27/3, but this request was not fulfilled. Consequently, the bank plans to seize the assets between 22/4 and 22/6.

FLC established Bamboo Airways in mid-2017, with the airline commencing its first commercial flights in early 2019. At its operational peak, Bamboo Airways managed a fleet of 30 aircraft, which included wide-body planes capable of intercontinental routes.

By 5/2023, the airline separated from FLC after the group transferred its entire stake in Bamboo Airways to a shareholder group represented by Le Thai Sam. In late 9/2025, Sam, then Chairman of the Board of Directors for Bamboo Airways, revealed that the airline's restructuring efforts over the preceding two years had been unsuccessful. He subsequently proposed that FLC reassume ownership and operational control.

FLC is currently engaged in efforts to restore the airline's operations and scale. The group aims to rebuild the fleet to 30 aircraft. For the medium term, Bamboo Airways plans to add 8 to 10 aircraft annually to accelerate the expansion of its flight network by 2030.

Phuong Dong