Vietnam sets to regain full control of airports operations
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.
Country updates
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August 14, 2019
Vietnam seeks US$4.3bn foreign investment in ports projects
The Government of Vietnam is encouraging foreign investors to support its ports infrastructure project through the public-private partnership (PPP) scheme. It is estimated that an investment of up to...
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July 15, 2019
Sumitomo Corporation Acquires Stake in Gemadept Corporation
Sumitomo Corporation, together with the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) and Suzuyo & Co., Ltd. (Suzuyo), has acquired, through a l...
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June 12, 2019
654 kilometers of expressway to be built in Vietnam
The Ministry of Transportation (MoT) in Vietnam is set to tender the Eastern North-South Expressway project in August 2019. The project includes the development of 654 km long Eastern North-South...
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June 11, 2019
Navis Capital Partners announces the acquisition of Thanh Thanh Cong Education JSC
Navis Capital Partners (Navis), an Asia-based private equity firm, has completed an investment in Thanh Thanh Cong Education JSC (TTCE). TTCE is a high-quality Vietnamese private education platform op...
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April 09, 2019
IFC selected as transaction adviser for the daycare hospital PPP in Ho Chi Minh
The International Finance Corporation (IFC), a unit of World Bank, has been appointed as the transaction adviser for the medical training and outpatient centre project in Ho Chi Minh City, Vietnam.&nb...
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