Project Description


Airports Corporation of Vietnam (ACV) were established in 2012 on the basis of merging Northern Airports Corporation, Middle Airports Corporation, Southern Airports Corporation. The Corporation has been put into operation under a joint stock company model since April 2016. ACV is the sole unit which manages, operates and exploit the entire system of 22 international and domestic airports in Vietnam. Prior to the equitization, each year ACV served over 1.006 million flights, 132.61 million passengers and 2.3 million tons of cargo with an annual growth rate of 16%.After being equitized, ACV plans to develop infrastructure at Cam Ranh International Airport, Tan Son Nhat International Airport, invest in  International Passenger Terminal at Da Nang International Airport, cargo terminal at Cat Bi International Airport and Long Thanh International Airport grade 4F with its capacity of 100 million passengers/year and 5 million tons cargo/year.


  • Aeronautical services: (i) Passenger serving service, (ii) Landing- take off service, (iii) Ground handling service and (iv) airport security charges;
  • Non-aeronautical services: Leasing of space, office rentals, advertising, parking facilities and other services;
  • Trading commodities, souvenirs, food and duty-free goods;


  • ACV is a Vietnamese enterprise with  the largest scale in the field of air transportation, airport infrastructure construction and investment with 09 subsidiary and associated companies;
  • ACV is the sole unit which directly operates and manages directly 22 airports in Vietnam, including 08 international and 14 domestic airports;


  • Contributing long-term investment to construct and exploit International Passenger Terminal at Da Nang International Airport and providing flight inspection service for air navigation aids;
  • Investing and developing infrastructure at Cam Ranh International Airport, Tan Son Nhat International Airport and cargo terminal at Cat Bi Airport;
  • Total estimated investment for projects in and outside the maneuvering area in the period of 2015-2020 is approximately VND43,374 billion (excluding Long Thanh International Airport Project);
  • Constructing Long Thanh International Airport to reach grade 4F with a capacity of 100 million passengers and 5 million tons cargo per year at the total estimated investment of VND336,630 billion;


  • The rally of the global market stimulates commercial activities and demand in tourism, which boosts the development of Vietnam aviation industry;
  • The percentage of Vietnamese aviation customers is relatively low compared with the rates in neighboring countries. The improvement in people’s income and the development of low-cost aviation industry will result in the growth of aviation market in general and ACV’s revenue in specifically;
  • Currently, the majority of ACV’s revenue is from Aeronautical services (81%). ACV has a huge potential to raise revenue from non-aeronautical services;
  • In a period of 2015-2020, ACV plans to invest VND 19 thousand billion in projects outside fly zones to expand and improve the capacity of service provision;
  • In a period of 2018-2025, ACV plans to invest and construct Long Thanh International Airport – Phase I with a design capacity of 25 million passengers/year and raise capacity up to 100 million passengers in 2050;


  • As the majority of its shares under the ownership of Vietnam government, decisions in investment might follow the orientation of Vietnam Government to some extent. Besides, globally and regionally commercial and geopolitical issues may impact on  ACV’s business activities significantly;