The Government of Vietnam is set to acquire back the  3.6% stake held by foreign investors in Airports Corporation of Vietnam in a bid to nationalize the airports' operator. 

The government owns 95.4% of the company while several foreign investment funds, such as Dragon Capital, Korea Investment Management, and RBC Global Asset Management hold the remaining stake. The decision of the country top officials aims to ensure the highest security and defense conditions for the country. 

The Airports Corporation of Vietnam has a current market capitalization of VND173.74 trillion (US$7.49 billion) with the potential value of the stakes of the private investors at US$344.54 million. Several economists have warned that the government's move might hurt investor sentiment and hamper the country's privatization drive.