Green light for merger of airports corporations

Laws - The Government has approved ‘in principle’ the merger of three airports corporations into Vietnam Airports Corporation as proposed by the Ministry of Transport to better manage and exploit airports across the country.

The approval was stated in Document 2447/TTg-DMDN signed by Deputy Prime Minister Vu Van Ninh on Wednesday for a plan to restructure 100% state-owned enterprises under the helm of the ministry.

The Government gave the ‘go ahead’ signal to the plan more than two months after the ministry had submitted the plan. The Prime Minister also agreed on retaining 100% state ownership at Vietnam Airports Corporation after the merger as well as a number of corporations and one-member limited liability companies under the ministry.

In early December, the Civil Aviation Administration of Vietnam mentioned the merger plan to form a corporation with an aim at making the most of all airports in different regions of the country.

The ministry submitted the plan to the Government after concerns centered on many loss-running airports, particularly small and domestic airports in the country.