The Minister of Transport has just issued a decision on the establishment of Vietnam Airports Corporation from a merger of three corporations: the Northern Airports, Middle Airports and Southern Airports Corporations.
Under Decision No. 238/QĐ-BGTVT, Vietnam Airports Corporation will operate as a one-member limited company with a chartered capital totalling VND 7,743 billion.
The company will be responsible for the management of 20 civil airports nation-wide, including 6 international airports.
In addition to their financial, management and operational responsibilities, the corporation will also offer other services, such as the distribution of petrol and running duty-free outlets.
Nguyen Anh Hung, former chairman of Southern Airports, is set to be appointed as chairman of corporation's boards of directors.
Currently, many airports in Vietnam are suffering losses. According to the Northern Airports Corporation, five airports under its management take yearly losses, including Dong Hoi in Quang Binh, Vinh in Nghe An, Cat Bi in Haiphong and Na San in Son La and Dien Bien.