A aerial view of Hanoi’s Noi Bai International Airport, which is operated by the Airport Corporation of Vietnam (Photo: noibaiairport.vn) Hanoi (VNA) – The Ministry of Transport (MoT) has proposed the Government buy back foreign-owned shares in the Airport Corporation of Vietnam (ACV) to ensure airports are operated properly. The State-owned airport operator was equitised on April 1, 2016 after the Government had sold more than 77.8 million shares or a 3.47 percent stake owned in ACV to foreign investors in December 2015 at the Ho Chi Minh Stock Exchange. Foreign investors have so far raised their ownership in the firm to 3.59 percent of charter capital. The State holds 95.4 percent of the firm. If the Government buys back foreign-owned shares in ACV, the company will be able to run the airports fully and ensure national defence and security, the ministry said in a document submitted to the Prime Minister. According to the MoT, there are 22 active airports in Vietnam, including 10 international and 12 domestic, which received a total 95 million passengers in 2018. Before equitisation, ACV assets and facilities were managed by the Government and the company was approved by the MoT to fund projects on… Read full this story
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Gov't should buy back shares from ACV's foreign shareholders: MoT have 268 words, post on en.vietnamplus.vn at September 6, 2019. This is cached page on Vietnam Dance. If you want remove this page, please contact us.