Airports Corporation of Vietnam | APEA - Asia Pacific Enterprise Awards

CORPORATE EXCELLENCE CATEGORY

Airports Corporation of Vietnam

Company Introduction
Airports Corporation of Vietnam (ACV) is a joint stock company with state controlling stakes. ACV manages 22 airports nationwide — 9 international and 13 domestic. ACV aims to modernize the airport system in Vietnam to make Vietnam a dynamic and attractive destination in the Asia Pacific region.

By using stable financial strategies and human resources, ACV meets the supply and demand of aeronautical and non-aeronautical services in Vietnam to ensure effective business model and provide high quality services. ACV is ready to “take off” and integrate Vietnam’s aviation community with the world’s aviation industry.

ACV's mission is to build up the image of Vietnam and its people — Peaceful, Civilized, Friendly, Dynamic. ACV always maintains the security, safety and modernisation of airports, expanding cooperation in investment, construction and development of aeronautical and non-aeronautical services and promoting socio-economic development, security and defence of the country.

Corporate Culture
ACV believes that to succeed in the global market, it needs to pay special attention to workplace harmony. In line with this, ACV has established a decentralised system including investment, facilities procurement, financial management and strategic operational activities for branches to undertake business activities and internal and external collaborations. In addition, ACV has a synchronized labour structure that places importance on upskilling of employees to keep abreast with the demands of the global aviation industry.

As a corporation representing Vietnam’s airport industry, ACV is committed to Corporate Social Responsibility. ACV's airports invest in research and development in sustainable energy on eco-efficient lighting and reduce ground vehicle and aircraft emissions. Furthermore, the company’s employers’ compensation and rewards system ensure it meets the workers’ requirements and competency. ACV has sponsored and organized many charitable activities over the years aimed at supporting the poor, disadvantaged groups, families of war heroes and orphans.

Achievements and Impact
Since its establishment, ACV has been enjoying continuous growth over the years. In 2019, ACV served over 116 million passengers with 748,395 aircrafts. This year, ACV continues to witness remarkable milestones. ACV won the Asia Pacific Entrepreneurship Awards 2019 for the second year in a row. Total revenue reached 20,232 billion dong for the 2019 fiscal year, exceeding 5.8 percent of the year’s plan and increasing by 14 percent compared to that in the previous year. Profits before tax and after tax reached 9,772 billion dong and 7,818 billion dong respectively, contributing 6,795 billion dong to the State Budget. Aviation safety and security is always the top priority of ACV. In 2019, ACV recorded complete safety and security for flights and flight activities at airports which affirmed that Vietnam is a safe and reliable destination for foreign organisations and individuals. In 2019, ACV recorded significant investments in aviation infrastructure with many projects under development.

ACV will continue to accomplish business models, increase initiatives for functional departments and airport branches and apply technology in operational activities. ACV has also reviewed and amended internal regulations to improve business performance to strengthen aeronautical and non-aeronautical services.

Future Direction
Looking forward, ACV plans to focus on implementing key projects including Terminal 3 at Tan Son Nhat International Airport, expansion of Passenger Terminal T2 at Noi Bai International Airport and other expansion projects in Phu Bai, Cat Bi and Vinh international airports. For the megaproject of Long Thanh International Airport, the Feasibility Study Report - Phase 1 of Long Thanh International Airport Project was accomplished on schedule as required by the government. ACV has also undertaken steps to cushion the impact of the COVID 19 pandemic on the airline and tourism industry.

CORPORATE EXCELLENCE CATEGORY

Airports Corporation of Vietnam

Company Introduction
Airports Corporation of Vietnam (ACV) is a joint stock company with state controlling stakes. ACV manages 22 airports nationwide — 9 international and 13 domestic. ACV aims to modernize the airport system in Vietnam to make Vietnam a dynamic and attractive destination in the Asia Pacific region.

By using stable financial strategies and human resources, ACV meets the supply and demand of aeronautical and non-aeronautical services in Vietnam to ensure effective business model and provide high quality services. ACV is ready to “take off” and integrate Vietnam’s aviation community with the world’s aviation industry.

ACV's mission is to build up the image of Vietnam and its people — Peaceful, Civilized, Friendly, Dynamic. ACV always maintains the security, safety and modernisation of airports, expanding cooperation in investment, construction and development of aeronautical and non-aeronautical services and promoting socio-economic development, security and defence of the country.

Corporate Culture
ACV believes that to succeed in the global market, it needs to pay special attention to workplace harmony. In line with this, ACV has established a decentralised system including investment, facilities procurement, financial management and strategic operational activities for branches to undertake business activities and internal and external collaborations. In addition, ACV has a synchronized labour structure that places importance on upskilling of employees to keep abreast with the demands of the global aviation industry.

As a corporation representing Vietnam’s airport industry, ACV is committed to Corporate Social Responsibility. ACV's airports invest in research and development in sustainable energy on eco-efficient lighting and reduce ground vehicle and aircraft emissions. Furthermore, the company’s employers’ compensation and rewards system ensure it meets the workers’ requirements and competency. ACV has sponsored and organized many charitable activities over the years aimed at supporting the poor, disadvantaged groups, families of war heroes and orphans.

Achievements and Impact
Since its establishment, ACV has been enjoying continuous growth over the years. In 2019, ACV served over 116 million passengers with 748,395 aircrafts. This year, ACV continues to witness remarkable milestones. ACV won the Asia Pacific Entrepreneurship Awards 2019 for the second year in a row. Total revenue reached 20,232 billion dong for the 2019 fiscal year, exceeding 5.8 percent of the year’s plan and increasing by 14 percent compared to that in the previous year. Profits before tax and after tax reached 9,772 billion dong and 7,818 billion dong respectively, contributing 6,795 billion dong to the State Budget. Aviation safety and security is always the top priority of ACV. In 2019, ACV recorded complete safety and security for flights and flight activities at airports which affirmed that Vietnam is a safe and reliable destination for foreign organisations and individuals. In 2019, ACV recorded significant investments in aviation infrastructure with many projects under development.

ACV will continue to accomplish business models, increase initiatives for functional departments and airport branches and apply technology in operational activities. ACV has also reviewed and amended internal regulations to improve business performance to strengthen aeronautical and non-aeronautical services.

Future Direction
Looking forward, ACV plans to focus on implementing key projects including Terminal 3 at Tan Son Nhat International Airport, expansion of Passenger Terminal T2 at Noi Bai International Airport and other expansion projects in Phu Bai, Cat Bi and Vinh international airports. For the megaproject of Long Thanh International Airport, the Feasibility Study Report - Phase 1 of Long Thanh International Airport Project was accomplished on schedule as required by the government. ACV has also undertaken steps to cushion the impact of the COVID 19 pandemic on the airline and tourism industry.