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AIRPORTS CORPORATION OF VIET NAM

Active

Business ID 0311638525

84-28 / 3848 5383

AIRPORTS CORPORATION OF VIET NAM

Active

Business ID 0311638525

84-28 / 3848 5383

AIRPORTS CORPORATION OF VIET NAM

Active

Summary

Name:

AIRPORTS CORPORATION OF VIET NAM

Business ID (TIN):

0311638525

Date of Registration:

22 Mar 2012

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

ACV

Address:

58 Truong Son, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3848 5383

Fax:

(84-28) 3844 5127

Financial Statement:

2020, 2021, 2022, 2023, 2024

AIRPORTS CORPORATION OF VIET NAM (ACV), locally known as TỔNG CÔNG TY CẢNG HÀNG KHÔNG VIỆT NAM - CTCP, is the largest airport operator in Vietnam. Established in 2012, ACV is a state-owned joint stock company managing and operating all 22 civil airports in the country, including major international hubs such as Noi Bai, Tan Son Nhat, and Da Nang International Airports. The company is headquartered in Ho Chi Minh City, with branches at key airport locations across Vietnam.

According to Vanguard Business Information LLC (VBI), ACV reported total assets of USD 2.77 billion in 2023, reflecting a 12.06% increase from the previous year. Sales revenue surged by 44.84% to USD 821.58 million, while profits grew by 19.46% to USD 347.96 million, indicating a strong post-pandemic recovery in the aviation industry. The company also maintains high working capital at USD 1.48 billion, demonstrating financial stability.

Despite its impressive financial growth, ACV faces several challenges. The aviation industry has been significantly affected by global economic fluctuations, fuel price volatility, and changing travel demands. VBI’s risk intelligence analysis highlights that while ACV has bounced back from pandemic-related losses, profitability is still recovering, and operational costs remain high. The company’s heavy reliance on airport fees and service revenues makes it vulnerable to shifts in passenger traffic and airline operations.

ACV is led by Chairman Lai Xuan Thanh and General Director Vu The Phiet, overseeing a workforce of over 10,000 employees. In addition to airport operations, the company is involved in infrastructure investment, commercial services, logistics, and technical maintenance for aviation-related businesses. It also has real estate ventures and other non-core business activities, which help diversify revenue streams.

As a state-controlled enterprise, with 95.4% of shares held by the Commission for the Management of State Capital at Enterprises, ACV benefits from government backing and strategic development plans. However, VBI’s market research suggests that increased competition, airport congestion, and infrastructure upgrade costs pose financial risks. The company's expansion projects, including the Long Thanh International Airport development, require significant capital investment, which could strain financial resources in the long term.

To remain competitive, ACV must continue improving operational efficiency, modernizing airport facilities, and diversifying revenue sources beyond traditional airport services. VBI recommends a focus on technology integration, sustainability initiatives, and enhanced passenger services to maintain its position as Vietnam’s leading airport operator. While ACV’s financial recovery is on track, its future success will depend on how effectively it navigates industry challenges and executes strategic expansion plans.

Legal Profile

English Name:

AIRPORTS CORPORATION OF VIET NAM

Vietnamese Name:

TỔNG CÔNG TY CẢNG HÀNG KHÔNG VIỆT NAM - CTCP

Short Name:

ACV

Business ID (TIN):

0311638525

Date of Registration:

22 Mar 2012

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

ACV

Ownership Status:

State-owned

Operation Status:

Active

Contacts

Key Decision Makers:

+ LAI X.T

+ VU T.P

+ DO T.B

+ NGUYEN D.H

+ TRAN A.V

+ NGUYEN T.V

+ NGUYEN C.C

+ NGUYEN V.N

Address:

58 Truong Son, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3848 5383

Fax:

(84-28) 3844 5127

Branch:

DaNang International Airport (DIA), Hoa Thuan Tay Ward, Hai Chau District, Da Nang City, Vietnam

Branch:

NoiBai International Airport (NIA), Phu Minh Commune, Soc Son District, Ha Noi City, Vietnam

Branch:

Con Dao Airport, Small Area No. 1, Con Dao Town, Con Dao District, Ba Ria - Vung Tau Province, Vietnam

Branch:

Cat Bi Airport (CBA), Le Hong Phong Street, Thanh To Ward, Hai An District, Hai Phong City, Vietnam

Business Sector

Key business lines:

VSIC:

5223 Service activities incidental to air transportation

NACE:

52.23 Service activities incidental to air transportation

NAICS:

4881 Support Activities for Air Transportation

Industry Sales Growth

CAGR (2019 - 2023)

3.28%

YoY (2023)

36.10%

Companies by industry

Company distribution and propportions

365

0.0126%

Key Industry Players

Top 10 companies in service activities incidental to air transportation industry

vietnam airlines engineering company limited airports corporation of viet nam noibai cargo terminal services joint stock company sai gon ground services joint stock company vietnam air traffic management corporation - company limited cam ranh international terminal joint stock company als cargo terminal joint stock company danang international terminal investment and operation joint stock company air cargo services of vietnam joint stock company vietnam airport ground services company limited

Payment History

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Financial Performance

Assets	-94.89%
Owner’s Equity	18.66%
Working Capital	34.08%
Net Worth	90.48%
Sales	20.11%
Operating income	5.46%
EBIT	22.87%
Gross Profit Margin	58.48%
Debt to EBITDA	-42.30%

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Specific Questions About AIRPORTS CORPORATION OF VIET NAM

When did AIRPORTS CORPORATION OF VIET NAM start operating?

AIRPORTS CORPORATION OF VIET NAM was started in 22 Mar 2012

What industry does AIRPORTS CORPORATION OF VIET NAM operate in?

AIRPORTS CORPORATION OF VIET NAM is operating in "Service activities incidental to air transportation" industry

How can I contact AIRPORTS CORPORATION OF VIET NAM?

AIRPORTS CORPORATION OF VIET NAM phone numbers is 84-28 / 3848 5383

What adverse news is there about AIRPORTS CORPORATION OF VIET NAM?

AIRPORTS CORPORATION OF VIET NAM’s has 1 bad news

What is stock symbol of AIRPORTS CORPORATION OF VIET NAM?

AIRPORTS CORPORATION OF VIET NAM’s stock symbol is ACV

Where is the location of AIRPORTS CORPORATION OF VIET NAM?

AIRPORTS CORPORATION OF VIET NAM is located at 58 Truong Son, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

What is AIRPORTS CORPORATION OF VIET NAM’s business registration?

AIRPORTS CORPORATION OF VIET NAM business registration is 0311638525

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