The total amount of cash that businesses held at the end of 2018 hit VND433 trillion.

Vietnam’s aviation sector has witnessed double-digit growth in passenger transport in the past decade, and the market is forecast to build up momentum in 2019, according to the Airports Corporation of Vietnam (ACV).

VietNamNet Bridge - Both state-owned and private businesses are eyeing aviation infrastructure projects, which are believed to bring high profits thanks to increasingly high travel demand.

Inspectors of the Transport Ministry will verify nearly 100 job appointments and promotions at the State-owned Airport Corporation of Viet Nam (ACV) to see if the head of the corporation abused his power.

Non-aviation revenue in the airport business, including sales per passenger through ACV (Airports Corporation of Vietnam), is $1, compared with the average of $10-12 in Asia and $4-5 in Thailand and Malaysia.

VietNamNet Bridge - The airfares set by Vietnam Airlines, the nation’s flag air carrier, are among the highest  compared with other regional air carriers and Vietnamese rivals.

VietNamNet Bridge - The limited capacity of key airports could hinder the growth of the aviation market in the medium term, experts have said. 

VietNamnet Bridge - Lai Xuan Thanh, head of the Civil Aviation Authority of Vietnam (CAAV), said the agency would still consider adjusting the price and service fee.

VietNamNet Bridge - The overloaded infrastructure is a major reason behind the high percentage of canceled and delayed flights.

 VietNamNet Bridge – Airports Corporation of Vietnam (ACV) has proposed revising up airport fees on passengers of domestic flights to and from a number of airports, particularly new and just upgraded ones.

VietNamNet Bridge - The Airports Corporation of Vietnam (ACV), the biggest enterprise in Vietnam’s aviation industry, has asked for the governing body’s permission to start negotiations to find strategic shareholders in January. 

 Airports Corporation of Vietnam (ACV) has sought permission from the Ministry of Transport to commence negotiations with French group Aeroports de Paris (ADP), the potential partner in the firm.

VietNamNet Bridge - Analysts believe that ANA Holdings has serious future intentions after buying an 8.8 percent stake of Vietnam Airlines.

Bank for Investment and Development of Vietnam, the country’s third-largest lender by assets, is seeking governmental permission to cooperate with France’s Aeroport de Paris to jointly invest in Airports Corporation of Vietnam.

VietNamNet Bridge - Though setting very high requirements on investors, many financially powerful corporations still want to become strategic shareholders of Airports Corporation of Vietnam (ACV).

 VietNamNet Bridge – Seven foreign contractors want to make feasibility study reports on the first phase of the Long Thanh international aviation terminal project in southern Dong Nai Province.

Though having set a starting price at VND11,800 per share for the IPO (initial public offering), slated for December 10, the Airports Corporation, and its consultancy firm, believe the real value of the shares is higher.

VietNamNet Bridge - The companies in the aviation sector, which have large investment capital and enjoy business advantages, have always been eyed by big investors.

Airports Corporation of Vietnam is expected to lease the passenger terminal at Phu Quoc International Airport to a private firm, instead of transferring the right to operate the entire airport as earlier planned by the Ministry of Transport.

VietNamNet Bridge - If chosen as a strategic shareholder, the partner from France is expected to actively contribute to the development of the Airports Corporation of Vietnam (ACV) in its post-equitization period.