ACV Calculating Measures to Recover Debts, What Does the Airline Say?

Vietnam Airport Corporation (ACV) is considering initiating legal proceedings against airlines that have long outstanding debts in the amount of billions of Vietnamese dong. Our objective is to explore possible solutions to resolve these delinquencies and ensure that all parties fulfill their financial obligations. With our expertise in airport operations and legal matters, we aim to protect the interests of our stakeholders and maintain a fair and transparent aviation industry. By taking this action, we hope to encourage responsible financial practices and uphold the integrity of the air transportation sector.

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In response to VTC News, a representative from an airline stated that in production and business, delayed payment, debt, and mutual debt can occur.

“All payments, settlements, and debts between the two parties are within the framework of the contract, with consensus. There will be no lawsuits for contract violations,” this person said.

Meanwhile, according to lawyer Le Van Thiep, Head of the Global Law Office, in principle, ACV is an independent legal entity. In civil contracts, such as commercial contracts and economic contracts in this case, ACV is fully eligible to file lawsuits according to the provisions of the Civil Procedure Code and settle disputes according to the regulations.

“If the parties do not fulfill their obligations, violate the contract, the other party can file a lawsuit for non-performance of the contract. In addition, there are fines, contract violation fees, and actual damage arising. When there is a court ruling, the enforcement agency will carry out the execution if the parties cannot resolve it during the reconciliation process,” lawyer Thiep analyzed.

ACV plans to initiate legal proceedings against airlines for outstanding debts worth billions of dong. (Illustrative photo)

Prior to this, ACV reported to the Ministry of Transport on certain tasks that need to be implemented to recover debts from domestic airlines that are violating payment obligations to the unit.

As of the end of 2023, ACV had to provision short-term receivables of nearly 3,600 billion dong from domestic airlines, accounting for 40% of customer receivables. Of which, the majority of debts were incurred by airlines during the COVID-19 period.

In 2023, despite the efforts to recover debts, the airlines still failed to meet the requirements, demanding that the service provider apply more stringent measures to enforce contractual violations.

Specifically, ACV establishes criteria for legal proceedings, suspends services provided to airlines that violate them, and seeks opinions from relevant authorities.

Currently, ACV manages, invests in and operates a system of 22 airports nationwide, including 9 international airports: Tan Son Nhat, Noi Bai, Da Nang, Vinh, Cat Bi, Phu Bai, Cam Ranh, Phu Quoc, Can Tho, and 13 domestic airports: Buon Ma Thuot, Lien Khuong, Rach Gia, Ca Mau, Con Dao, Phu Cat, Pleiku, Tuy Hoa, Chu Lai, Dong Hoi, Na San, Dien Bien, and Tho Xuan.

SOURCEcafef
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