Thứ Năm, 9 tháng 3, 2017

ACV prepares 5-year investment plan

 Airports Corporation of Vietnam (ACV) has announced an investment plan for five years (2016-2020) with capital of VND31.6 trillion ($1.4 billion).

 ACV prepares 5-year investment plan
Investment to primarily go to upgrading infrastructure at major airports. 

It will focus investment in airports that have high growth potential for tourism and play an important role in national security. Infrastructure will be upgraded at airports such as Tan Son Nhat International Airport in Ho Chi Minh City, Noi Bai International Airport in Hanoi, and Da Nang International Airport.
ACV also plans to expand aircraft aprons and hangars at Tan Son Nhat, Da Nang, Noi Bai, Lien Khuong, Buon Me Thuot, Can Tho, and Con Dao airports.

It submitted the plan to the Ministry of Transport and is waiting for approval from the government. Last year it proposed an increase to aviation service charges this year, which would mainly affect passengers of domestic flights leaving or arriving at Tan Son Nhat, Noi Bai, Cam Ranh, Phu Quoc, Vinh and Phu Bai airports. The plan, however, has not yet been approved.

The Vietnamese Government has recently granted permission to Aeroports de Paris (ADP) to buy 20 per cent of ACV and become its strategic partner. The contract is expected to be finalized shortly.
Prime Minister Nguyen Xuan Phuc met Mr. Augustin de Romanet de Beaune, Chairman and CEO of ADP, last week and pledged to create favorable conditions for the strategic partnership.
ACV needs to raise capital to improve Vietnam’s airport infrastructure. It is expected to invest $16 billion in building Long Thanh International Airport in Dong Nai province over the next decade to ease overloading at Tan Son Nhat. ADP has also expressed interest in investing in the project.
ACV’s chartered capital stands at VND21.7 trillion ($951 million). It expects to list 2.1 billion shares on the Ho Chi Minh City Stock Exchange (HoSE) later this year.
In November last year it entered the Unlisted Public Company (UPCoM) market under the code ACV, with a total of 2.18 billion shares and a registered stock value of more than VND21.7 trillion ($976.5 million).
ACV is a joint stock company operating under the form of the parent - subsidiary company, with the State holding a majority stake. In October 2015, the government approved its equitization plan, with State ownership to fall to 75 per cent. In March this year it held its first shareholders meeting. 
It is the largest enterprise by charter capital on UPCoM and manages 22 airports throughout the country, of which seven are international and 15 domestic, with 21 being directly managed by the corporation, and it also has a range of joint ventures with other companies.

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