Airports Corporation of Vietnam | APEA - Asia Pacific Enterprise Awards

CORPORATE EXCELLENCE

Airports Corporation of Vietnam

Introduction
Airports corporation of Vietnam (ACV) is a joint - stock company with 95.4% state-owned shares and be responsible for the operation of 22 airports all over Vietnam, including 9 international airports and 13 domestic airports. Established in 2012 as a result of the merging of the three airports corporations namely the Northern, Central and Southern Airports Corporation, ACV officially became a public company listed on UPCom stock exchange from November 2016.

With a mission to build image of the country and people of Vietnam: “Peaceful - Civilized - Friendly - Dynamic,” ACV will maintain the security, safety, modernization of airports, expanding cooperation in investment, construction and development of aeronautical and nonaeronautical services in order to improve socio-economic development, security defence of the country and meet the increasing demands of aviation business to become one of the most attractive destinations in Asia – Pacific.

In the context of the world economy growth rate is tending to slow down with the increasing of risks and challenges, Vietnam’s aviation market continues to grow but the growth rate is declining and has a signs of saturation. In the face of complicated fluctuations in the domestic and world markets, ACV formulates the saving cost policy, and functional units actively propose the strategic plans for the company efficiency and effectiveness in particular enhancing the nonaeronautical services revenue. Furthermore, Vietnam’s aviation sector is undergoing a prolonged boom that is opening up the higher growth rate and development, while putting pressure on the airport system. ACV is accelerating the urgent expansion plans to meet the fast rising air travel demand.

Company Culture and Company Activities
For a business to succeed in the global market, it is necessary for the company to maintain the harmony in the workplace. ACV understands the paramount importance of the working environment and strives to create an ideal working environment. In ACV, employees are facilitated to enjoy an equal, dynamic, creative, open, trustworthy and transparent working environment, they can be comfortable and devote themselves at work. The Company understands thoroughly on generating a clear career advancement, an enjoyable job with varied experienced and professional training to enhance their charisma and develop skills.

ACV’s airports are actively researching and applying technological solutions, using high-efficiency energysaving devices and equipment to replace the inefficient ones in term of maintenance, operation and renovation. Most airports use water from national water commission, with the percentage of recycled and reused water was estimated at 10-15% in 2018. In addition, Tan Son Nhat International Airport decided to stop speaker announcements on flights information to reduce noise pollution and improve the service quality from July, 2019. In addition, following the tradition in gratitude of noble souls, ACV has sponsored many charitable activities for the society throughout the country for many years. All these activities are aimed at supporting the poor, the disadvantaged, grateful families of war invalids, martyrs, to take care of heroic Vietnamese mothers, orphans in difficult circumstances. ACV usually organizes many charity and social activities such as periodical activities (Viet Nam’s War Invalids and Martyrs Day 27 July; People’s Army of Viet Nam Foundation Anniversary 22 December, etc.), sharing activities: visit and present gifts to flood-hit localities, people; build house of gratitude (built for war invalids or martyrs’ families), etc.

Achievements and Impacts
Since ACV was first established, the Company has been enjoying continuous growth over the years. In 2018, ACV positively increased in both revenue and profit, exceeding the KPI, with the parent company’s total asset on December 31st, 2018 was 53,003 billion VND and the total revenue was 17,770 billion VND (excluding the aircraft movement revenue), exceeded by 11% compared to the 2018 plan, with the total number of passenger through put the airports system at 103.5 million.

For the year of 2019, ACV has targeted earning 19.1 trillion VND (820 million USD) in revenue and 8.2 trillion VND (355 million USD) in pre-tax profit in 2019, representing year-on-year increases of 7 percent and 9 percent. ACV holds a positive view of the growth trajectory of the Vietnamese air transport market thanks to the participation of new domestic airlines and the addition of international flights to Phu Quoc, Phu Bai and Phu Cat Airports.

ACV will continue to invest in infrastructure to meet the needs of airlines with investment capital of more than 56.7 trillion VND under the masterplan of Ministry of Transport to 2020 and oriented toward 2030, with several projects invest in the construction and expansion of terminal T3 at Tan Son Nhat Int’l Airport in HCM City, the project to expand terminal T2 at Noi Bai Int’l Airport in Hanoi, the terminal T2 project at Cat Bi Int’l Airport in Hai Phong city and others projects especially the new national construction project, Long Thanh International Airports at Dong Nai Province.

CORPORATE EXCELLENCE

Airports Corporation of Vietnam

Introduction
Airports corporation of Vietnam (ACV) is a joint - stock company with 95.4% state-owned shares and be responsible for the operation of 22 airports all over Vietnam, including 9 international airports and 13 domestic airports. Established in 2012 as a result of the merging of the three airports corporations namely the Northern, Central and Southern Airports Corporation, ACV officially became a public company listed on UPCom stock exchange from November 2016.

With a mission to build image of the country and people of Vietnam: “Peaceful - Civilized - Friendly - Dynamic,” ACV will maintain the security, safety, modernization of airports, expanding cooperation in investment, construction and development of aeronautical and nonaeronautical services in order to improve socio-economic development, security defence of the country and meet the increasing demands of aviation business to become one of the most attractive destinations in Asia – Pacific.

In the context of the world economy growth rate is tending to slow down with the increasing of risks and challenges, Vietnam’s aviation market continues to grow but the growth rate is declining and has a signs of saturation. In the face of complicated fluctuations in the domestic and world markets, ACV formulates the saving cost policy, and functional units actively propose the strategic plans for the company efficiency and effectiveness in particular enhancing the nonaeronautical services revenue. Furthermore, Vietnam’s aviation sector is undergoing a prolonged boom that is opening up the higher growth rate and development, while putting pressure on the airport system. ACV is accelerating the urgent expansion plans to meet the fast rising air travel demand.

Company Culture and Company Activities
For a business to succeed in the global market, it is necessary for the company to maintain the harmony in the workplace. ACV understands the paramount importance of the working environment and strives to create an ideal working environment. In ACV, employees are facilitated to enjoy an equal, dynamic, creative, open, trustworthy and transparent working environment, they can be comfortable and devote themselves at work. The Company understands thoroughly on generating a clear career advancement, an enjoyable job with varied experienced and professional training to enhance their charisma and develop skills.

ACV’s airports are actively researching and applying technological solutions, using high-efficiency energysaving devices and equipment to replace the inefficient ones in term of maintenance, operation and renovation. Most airports use water from national water commission, with the percentage of recycled and reused water was estimated at 10-15% in 2018. In addition, Tan Son Nhat International Airport decided to stop speaker announcements on flights information to reduce noise pollution and improve the service quality from July, 2019. In addition, following the tradition in gratitude of noble souls, ACV has sponsored many charitable activities for the society throughout the country for many years. All these activities are aimed at supporting the poor, the disadvantaged, grateful families of war invalids, martyrs, to take care of heroic Vietnamese mothers, orphans in difficult circumstances. ACV usually organizes many charity and social activities such as periodical activities (Viet Nam’s War Invalids and Martyrs Day 27 July; People’s Army of Viet Nam Foundation Anniversary 22 December, etc.), sharing activities: visit and present gifts to flood-hit localities, people; build house of gratitude (built for war invalids or martyrs’ families), etc.

Achievements and Impacts
Since ACV was first established, the Company has been enjoying continuous growth over the years. In 2018, ACV positively increased in both revenue and profit, exceeding the KPI, with the parent company’s total asset on December 31st, 2018 was 53,003 billion VND and the total revenue was 17,770 billion VND (excluding the aircraft movement revenue), exceeded by 11% compared to the 2018 plan, with the total number of passenger through put the airports system at 103.5 million.

For the year of 2019, ACV has targeted earning 19.1 trillion VND (820 million USD) in revenue and 8.2 trillion VND (355 million USD) in pre-tax profit in 2019, representing year-on-year increases of 7 percent and 9 percent. ACV holds a positive view of the growth trajectory of the Vietnamese air transport market thanks to the participation of new domestic airlines and the addition of international flights to Phu Quoc, Phu Bai and Phu Cat Airports.

ACV will continue to invest in infrastructure to meet the needs of airlines with investment capital of more than 56.7 trillion VND under the masterplan of Ministry of Transport to 2020 and oriented toward 2030, with several projects invest in the construction and expansion of terminal T3 at Tan Son Nhat Int’l Airport in HCM City, the project to expand terminal T2 at Noi Bai Int’l Airport in Hanoi, the terminal T2 project at Cat Bi Int’l Airport in Hai Phong city and others projects especially the new national construction project, Long Thanh International Airports at Dong Nai Province.