This decision comes as ACV is expediting the progress of its key project, the Long Thanh International Airport (Long Thanh Airport), which is considered the main growth driver for Vietnam’s aviation industry in the next decade.
Mr. Lai Xuan Thanh
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Mr. Thanh, born in 1963, holds a Master’s degree in Public Administration. He has been the Chairman of ACV since mid-2017, after serving as the Director of Vietnam Aviation.
Under his leadership, ACV has experienced a phase of business growth and stability, except for the years 2020-2021 due to the COVID-19 pandemic. Notably, in the most recent financial year, ACV achieved impressive results with a record-high net profit of nearly VND 8,460 billion.
| Business Performance of ACV since 2017 |
ACV’s record-breaking journey continued into 2024. In the first six months, the management giant of 22 airports recorded revenue of over VND 11,200 billion, a nearly 16% increase compared to the same period last year. Notably, net profit surged by 45% to VND 4,240 billion, the highest six-month profit ever achieved by ACV.
This growth reflects the strong recovery of the tourism and aviation industries post-pandemic, especially the return of international travelers. In the first half of the year, Vietnamese airports served nearly 20.3 million international passengers, a 40% increase compared to the previous year.
Before his departure, Mr. Thanh left a significant mark on the Long Thanh Airport project. On August 30, 2024, ACV signed a contract with the Incheon Airport consortium for airport management and operation consulting services. Previously, he had declared, “By September 2, 2026, Long Thanh Airport will welcome its first commercial flight.”
With Mr. Thanh stepping down from the Chairman position, the ACV Board of Directors now comprises six members, including Messrs. Vu The Phiet, Dao Viet Dung, Le Van Khien, Nguyen Ngoc Quy, and Ms. Le Thi Dieu Thuy, and Nguyen Thi Hong Phuong. The enterprise has not yet announced Mr. Thanh’s successor.
The Non-Stop Construction Sites and the Transport Sector’s Determination
As the nation gears up to celebrate Independence Day on September 2nd, hundreds of dedicated engineers and workers at major infrastructure projects across the country, including the North-South Expressway, Long Thanh Airport, and Tan Son Nhat Terminal 3, are working tirelessly around the clock in three shifts and four teams.
The Ultimate Labor of Dedication: 8,000 Workers Persevere Through Holidays at the Long Thanh Airport Construction Site.
The contractors have mobilized an army of over 8,000 workers and an array of machinery to simultaneously undertake the four massive contracts at Long Thanh Airport. These contracts encompass the construction of a passenger terminal, a runway, two connecting transport routes, and an air traffic control tower.
Awaken the Region: The Long Thanh International Airport Project
As Vietnam’s largest airport, the Long Thanh International Airport – Phase 1, slated for completion and operation by September 2026, is poised to become a new growth catalyst, driving socioeconomic development in Dong Nai, the Key Southern Economic Region, and the entire nation.
Sure, I can assist with that.
## The Incheon Airport Consortium Wins the Bid for Long Thanh Airport Management and Operation Consulting
On August 30th, the Vietnam Airports Corporation (VAC) successfully signed a contract for the “Consultancy on Management and Operation of the Long Thanh International Airport Project”.
The Top 4 Airports Expected to be Bustling This 2/9 Long Weekend.
The Vietnam Airports Corporation (ACV) predicts that during the National Day holiday on September 2nd, the country’s airports will serve over 1.5 million passengers. This includes more than 1 million domestic passengers, averaging 216,000 per day, an increase of 8-10% compared to regular days.
