Thursday, August 16 2018

VietNamNews

ACV expected to earn US$789mn in revenue

Update: March, 29/2018 - 17:00
ACV is expected to move from UPCoM to HCM City Stock Exchange in the third quarter of the year. — Photo vneconomy.vn
Viet Nam News

HÀ NỘI — Airports Corporation of Việt Nam (ACV) is expected to reach VNĐ18.04 trillion (US$789.2 million) in accumulated revenue this year, marking an increase of 13 per cent compared to last year.

This was revealed in a report of Saigon Securities Inc (SSI) Retail Research.

The net profit could be VNĐ6.45 trillion, up 26 per cent year on year, with an earning per share of VNĐ2,815.

The report also said ACV could move from UPCoM to HCM City Stock Exchange in the third quarter of the year. The corporation will continue negotiations to transfer 20 per cent of stakes to a strategic partner.

The reduction of State ownership will help the corporation improve its efficiency and profitability.

The Ministry of Transport plans to reduce the ownership of ACV by 65 per cent ​​by 2020.

The report is optimistic about ACV’s international passenger growth in the first half of the year, which may see double-digit growth due to an increase in international arrivals to Việt Nam. In the first two months of 2018, international tourists to the country reached 2.9 million, up 30 per cent. Notably, foreign tourists coming to Việt Nam by air have increased by 26 per cent, according to data from the Vietnam National Administration of Tourism. — VNS

 

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