Development of the Airports Corporation of Vietnam

  •       Period of 1975 to March 1993

After the war, the country started its new era of economic recovery. In November 2nd 1976, the Government published Decree No. 28/CP on establishing Civil Aviation Administration of Vietnam. For the purpose of moving forwards its duties in peaceful period as well as meeting the demand of air transportation market, 03 airports namely Noi Bai, Da Nang and Tan Son Nhat was repaired and upgraded as international airports in three region of the country. At that time, all airports were directly under the management of Civil Aviation Administration of Vietnam.

  • Period of April 1993 to June 1998

 “Doi Moi” policy had gradually come in to effect which helped to stable national economy and increase people’s life as well as developing air transportation market. In order to meet the demand of the market and strengthen the management of civil aviation in airports of Vietnam, the General Director of Civil Aviation Administration of Vietnam had signed the Decision no. 202/CAAV, 203/CAAV and 204/CAAV dated April 2nd 1993 on establishing Northern, Middle and Southern Airports Region. At that time, Airports Region had the function of state management in airport operation.

  •  Period of July 1998 to 2006

In December 31th 1998, the Prime Minister signed Decision No. 113/1998/QD-TTg on transforming Northern, Middle and Southern Airports Region in to Northern, Middle and Southern Airports Authority. Airports Authorities had functions and duties of doing airport business as well as providing public services and implementing the function of state management in airport operation.

  • Period of 2007 to 2012

Economic integrated process of the country was remarked with the event of which Vietnam became an official member of World Trade Organization (WTO). The 2006 Civil Aviation Law of Vietnam, effecting from January 1st 2007, has shown clearly the change of management mechanism of civil aviation industry in general and airport enterprise in particular. In 2007, the Minister of Transportation decided to establish Northern, Middle and Southern Airports Corporation. At the same time, Northern, Middle and Southern Airports Authority were established under management of Civil Aviation of Vietnam which had the function of state management in airport operation.

Since June 2010, Northern, Middle and Southern Airports Corporation have continued to transfer in to the model of One Member State Owned Limited Company, operating under the Enterprise Law of Vietnam.

  •  Period of February 2012 to March 2016

Airports Corporation of Vietnam (ACV) was established by Minister of Transportation with the Decision No. 238/QD-BGTVT dated February 8th 2012 on the basis of merging three corporations namely Northern, Middle and Southern Airports Corporation.

The purpose of establishing Airports Corporation of Vietnam is to focus resources and solve the entire capital to meet the inevitable trend of development of the economy of the country, bring a breakthrough development of system of airports in the country, ensuring security and safety, enhancing service quality, developing rapidly and  sustainably, strengthening national defense, contributing to the socio-economic development of the country, integrating the regional and global economy.

Airports Corporation of Vietnam operating upon the form of parent company and subsidiary company are now managing 22 airports in Vietnam in which 21 airports are in operation. ACV also contributes its capital to 03 subsidiary companies and other affiliates.

ACV has been investing thousands of billions VND to improve and upgrade infrastructure and facilities in many airports in order to meet ICAO standards and recommended practices; implementing enterprise culture, passenger’s behavior culture, enhancing service quality, satisfying requirements of all passengers as well as integrating the regional and global economy.

  •  Period from April 2016 up to now

Airports Corporation of Vietnam – JSC (abbreviated as ACV) is a joint stock company operating in the form of parent company – subsidiaries. The company was converted from single-member limited liability Company with 100% State-owned charter capital to a joint-stock company with State-owned controlling stakes pursuant to Decision No.1710/QD-TTg dated 06th October, 2015 of the Prime Minister regarding the approval of equitization plan of parent company - Airports Corporation of Vietnam.

On 16 March 2016, in HoChiMinh city, Airports Corporation of Vietnam – JSC (abbreviated as ACV) successfully organized its first General Meeting of Shareholders.

The General Meeting of shareholders passed the Minute and Resolution with the following contents:

  • Ratifying the Charter of Airports Corporation of Vietnam – JSC;
  • Ratifying the election results of Board of Directors and Control Board of Airports Corporation of Vietnam – JSC, tenure of 2016 – 2020; 
  • Passing the strategic development orientation of ACV period of 2016 -2020 and Business plan 2016;
  • Passing the forecast of enterprise budget and estimates of salary of Board of Directors and Control Board in 2016; 
  • Approving the auditing company to audit the financial report 2016;
  •  Approving the plan of share offering for strategic investor.

Board of Directors has 04 members and Control Board has 03 members:

  • Mr. Nguyen Nguyen Hung – Chairman of Board of Members of Airports Corporation of Vietnam has been elected Chairman of Board of Directors of Airports Corporation of Vietnam – JSC.
  • Mr. Le Manh Hung – General Director of Airports Corporation of Vietnam has been appointed as General Director of Airports Corporation of Vietnam – JSC.
  • Mrs. Huynh Thi Dieu – Deputy Director of Finance & Accounting Department, Airports Corporation of Vietnam has been elected Director of Control Board of Airports Corporation of Vietnam – JSC.

Airports Corporation of Vietnam – JSC is going to officially operate under the form of joint stock company from 01 April 2016. ACV-JSC is operating and managing 22 airports nationwide (in which 21 airports are being compri 7 are international airports and 15 are domestic, and also providing capital contribution to some subsidiaries and affiliates.

From now to 2020, ACV will continue its investment strategy to develop airport system according to modern and international-class standards, ensure aviation safety and security, develop effectively and sustainably, expand investment cooperation, implement the socialization guideline of attracting investment in airport infrastructures; enhance passenger services quality, develop high-end aeronautical and non-aeronautical services; keep pace with demands of aviation development, significantly contribute to drive socio-economic development, and ensure the national defense.