Airports Corporation of Vietnam (ACV) plans to sell 20 per cent stake, equivalent to VNĐ4.35 trillion (US$194.77 million), to foreign and domestic investors through open auction in 2018.
Deputy Prime Minister Vương Đình Huệ has approved a list of 406 State-owned enterprises (SOEs) marked for divestment from now until 2020.
The Ministry of Transport will increase service charges at airports to compensate for investment costs of the airport system and raise service quality.
Deputy Prime Minister Vương Đình Huệ on Wednesday urged the Ministry of Planning and Investment (MPI) to quickly finalise the list of State-owned enterprises (SOEs) that needed to be divested.
Việt Nam’s stock market has 23 companies valued at over US$1 billion and most of them have reported higher business results in the first half of this year.
Airports across the country served 55.41 million passengers in the period from January to July this year, reported the Civil Aviation Authority of Vietnam.
The Airports Corporation of Vietnam (ACV) plans to undertake projects on upgrading infrastructure of major airports with total investment capital of more than VNĐ6 trillion (US$263.38 million).
According to Bloomberg data, FTSE Việt Nam ETF is holding some 3.12 million shares of FLC Faros Construction Company (ROS), valued at over VNĐ530 billion (US$23.31 million).
Sale negotiation between the Airports Corporation of Vietnam (ACV) and the French corporation Aéroports de Paris (ADP) is still on going for ACV’s shares.
Airline stocks may see a rising wave this year with the debut of budget airline Vietjet on the HCM Stock Exchange later this month in a similar scenario like what happened to beer stocks following the listings of Sabeco in the end of 2016.