The Prime Minister has given a nod to the equitisation plan of the Airports Corporation of Vietnam (ACV).
Under the plan, the ACV will sell State shares while issuing more shares to increase its charter capital.
Accordingly, the State will hold 75 percent of the corporation’s charter capital while 20 percent will be sold to strategic investors, 1.4 percent to its workers, 0.13 percent to the trade union and 3.47 percent at public auctions.
The Prime Minister assigned the Minister of Transport to determine the starting price of the ACV’s initial public offering.
The corporation was tasked with implementing the public offering plan and listing its stocks on the market when conditions are mature and in line with the law.
Established in 2012 by merging three airport corporations in northern, central and southern Vietnam, the ACV is the country’s largest airport operator.
The ACV has registered capital of nearly 14.7 trillion VND (677 million USD). It has 24 subsidiaries that manage businesses at 22 international and domestic airports nationwide.
In 2014, the corporation earned an estimated 8.57 trillion VND (394 million USD) in revenue, 0.86 percent higher than in 2013.-VNA
Some economists have said Vietnam once missed the opportunity in 2006-2007 to push up the State-owned enterprises (SOEs) equitisation and develop its finance market. Will it be able to grab the new coming opportunity, asked an analysis published on February 20 on the English-language online newspaper VietNamNet Bridge.
Airports Corporation of Vietnam (ACV) is working on a project to expand Cam Ranh Airport in Khanh Hoa province to enable it to handle 2.6 million passengers a year, the Saigon Times Daily reported.
The domestic aviation industry needs significant capital to invest in infrastructure during 2015-20 to improve airline services, head of the Civil Aviation Authority of Vietnam (CAAV) Lai Xuan Thanh said.
The Debt and Asset Trading Corporation (DATC) will increase its charter capital from a current 2.48 trillion VND (110 million USD) to 6 trillion VND (266 million USD) starting October 15.
A large number of enterprises were active in equitisation in the first three quarters of this year in accordance with guidance from the Ministry of Industry and Trade.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Source: VNA)
