Vietnam Airports Corporation established

The Minister of Transport has issued a decision on the establishment of Vietnam Airports Corporation from a merger of three corporations, namely the Northern Airports, Central Airports and Southern Airports Corporations.

Accordingly, the newly-established Corporation will be headquartered at Tan Son Nhat International Airport in Ho Chi Minh City, operating as a wholly State-owned business with a total charter capital of VND14,693.445 billion.

The Corporation will be responsible for financial management, investment and operation. It will also offer other services, such as providing aviation security and safety services and trading in aviation equipment and spare parts from abroad and also to some countries.

vov

>   No more funds for firms eligible for equitisation (13/02/2012)

>   Casinos: Government keeps cautious, investors get impatient (13/02/2012)

>   Ministry targets mobile offers (11/02/2012)

>   Vietnam leads Cambodian investment in 2011 (10/02/2012)

>   Government urged to take actions to stop the FDI decline (10/02/2012)

>   New rules govern State firm IPOs (09/02/2012)

>   Forestry, fishery exports to hit $40b by 2020 (07/02/2012)

>   Ha Noi lures nearly $100 million in FDI (07/02/2012)

>   Massive losses cost EVN chairman his seat (07/02/2012)

>   Steering economy away from rocks (07/02/2012)