Fees for takeoff and landing and aircraft operating services for domestic flights will continue to be cut by 50 per cent for the next six months to support airlines affected by the COVID-19 pandemic, according to a Transport Ministry circular.

While many businesses have had to borrow money to maintain operation during the Covid-19 crisis, some others have tens of trillions of dong in cash.

The Airports Corporation of Vietnam (ACV) has announced it will reduce airline service fees for six months from March to August to support airlines suffering from the COVID-19 pandemic.

State management agencies are at a loss in finding suitable capital for improving the runways at Noi Bai and Tan Son Nhat international airports.

Domestic and international private investors are expected to have fresh opportunities to join the long-awaited Long Thanh International Airport project in the near future, with the form of investment to be decided next month.

A large part of the national plan on mobilizing different investment sources for the development of airports is reserved to analyze the important role of the Airports Corporation of Vietnam (ACV) in the development and management of airports.

Air Asia has given up its plan to set up a joint venture in Vietnam, while Vingroup has canceled its Vinpearl Air project.

No State capital will be provided for the construction of the Tan Son Nhat Airport’s T3 Terminal, Deputy Prime Minister Trinh Dinh Dung has announced.

More airlines have joined or are going to join the market, though infrastructure has not been upgraded and airports are seriously lacking slots for aircraft.

Once completed listing on the Ho Chi Minh City Stock Exchange, Vietnam Rubber Group would be the second largest firm in terms of registered capital, behind BIDV.

The Airports Corporation of Vietnam (ACV) said 21 airports that it is managing and operating are expected to serve a total of 127 million passengers in 2020, a year-on-year rise of 10 percent.

Local authorities in the central province of Thua Thien - Hue yesterday kicked off work on a second terminal at Phu Bai International Airport in Huong Thuy Town.

The Airports Corporation of Vietnam (ACV) has completed paying a cash dividend worth nearly VND2 trillion (US$86 million) for 2018.

The Ministry of Planning and Investment (MPI) has submitted to the Prime Minister a plan to assign the Airports Corporation of Vietnam (ACV) to develop the T3 terminal at Tan Son Nhat Airport.

Airports Corporation of Vietnam (ACV) has planned the investment of VND4.78 trillion (USD214.97 million) into rebuilding Dien Bien Phu Airport in the northern mountainous province of Dien Bien.

International financiers may have no room to join Long Thanh International Airport project, with the lack of a government loan guarantee creating a major obstacle for would-be investor Airports Corporation of Vietnam to ensure bankability.

The potential in Vietnam’s aviation industry in the next five years will be a heavy incentive for foreign businesses to invest and seek co-operation.

The Long Thanh International Airport project is scheduled to kick off in 2021, with the first phase of the project expected to be completed by 2025.

During the first phase of the construction, the work items include a runway, a passenger terminal with handling capacity up to 25 million people and a cargo terminal for 1.2 million tons of goods annually.