Airports Corporation of Vietnam (ACV) has started building a cargo terminal at Cát Bi International Airport, with a total investment of VNĐ724 billion (US$28.5 million). The project is expected to be operational by January 2026.
With a market capitalisation of US$7.7 billion, The Airports Corporation of Vietnam (ACV) stands far ahead of the rest on the UPCoM and is the only unlisted entity among the top 10 most valuable companies on the Vietnamese stock exchange.
Terminal T3 at Tân Sơn Nhất International Airport in HCM City will handle domestic flights, helping ease pressure on the overloaded T1 and improve service quality.
Construction of the expanded Dien Bien airport project is scheduled to begin in December 2021 and finish at the beginning of the fourth quarter of 2023.
Unlike aviation companies, shares in Viet Nam’s sole airport operator Airports Corporation of Vietnam (ACV) are being widely seen as positive in the long run.
The COVID-19 pandemic has severely dragged down revenues of the Vietnam Airlines Corporation (Vietnam Airlines) and the Airports Corporation of Vietnam (ACV) in the second quarter of this year.
The Airports Corporation of Vietnam (ACV) expects profit this year will reach just VND1.7 trillion (US$73.4 million), a decrease of more than VND6 trillion compared to the year’s forecast, due to the effect of the COVID-19.
Passenger traffic through Vietnamese airports hit 52.8 million in the first half of this year, a surge of 14 per cent year-on-year, the Civil Aviation Authority of Vietnam reported.
Airports Corporation of Vietnam (ACV) plans to sell 20 per cent stake, equivalent to VND4.35 trillion (US$194.77 million), to foreign and domestic investors through open auction in 2018.
The Airports Corporation of Vietnam (ACV) plans to undertake projects on upgrading infrastructure of major airports with total investment capital of more than VND6 trillion (US$263.38 million).
Sale negotiation between the Airports Corporation of Vietnam (ACV) and the French corporation Aeroports de Paris (ADP) is still on going for ACV’s shares.