The Sky’s the Limit: ACV’s Soaring Ambitions See Capital Surpass VND 35.8 Trillion Post-Dividend

As of August 8th, ACV has distributed over 1.4 billion shares as dividend payments to its 11,992 shareholders. This move has successfully boosted the aviation enterprise's chartered capital to surpass VND 35,800 billion.

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Vietnam Airports Corporation (ACV) has just announced the results of its 2023 dividend payout in the form of stock dividends. As of August 8, ACV has distributed over 1.4 billion shares to 11,992 shareholders, with a ratio of 100:64.58, meaning that for every 100 shares owned, shareholders received 64.58 new shares. The remaining 6,113 fractional shares were canceled.

The additional shares were issued from undistributed post-tax profits as of December 31, 2023, according to Resolution No. 02/NQ-DHDC of the ACV Annual General Meeting of Shareholders held on May 20, 2025.

With this issuance, ACV’s total number of outstanding shares has increased to 3.58 billion, equivalent to a charter capital of VND35,828.4 billion.

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ACV currently manages 22 airports across Vietnam, including 9 international airports. The corporation is also the investor for the Long Thanh International Airport project, with a total expected investment of VND336,630 billion.

In the second quarter of 2025, ACV recorded a 14.5% increase in revenue compared to the same period last year, amounting to VND6,340 billion. However, net profit decreased by 19% to VND2,604 billion.

According to explanations from ACV, the main reason for the profit decline was a significant increase in cost of goods sold, mainly due to higher depreciation and operating expenses associated with the operation of Terminal 3 at Tan Son Nhat International Airport.

Additionally, financial income for this period decreased sharply by 68%, reaching only VND262 billion. This decrease was mainly due to lower interest income from term deposits and the absence of foreign exchange gains, particularly from the Japanese Yen, compared to the previous period.

In the first half of 2025, ACV’s revenue reached VND12,609 billion, a 12.8% increase year-on-year, while net profit decreased by 39.5% to VND3,716 billion.

For the full year 2025, ACV targets a total revenue of VND22,239 billion, a modest 2% increase from 2024. Of this, main business revenue is expected to contribute VND21,563 billion, an 8.6% increase year-on-year.

Profit before tax is projected to reach VND10,531 billion, a 17% decrease from 2024, mainly due to foreign exchange losses on the Japanese Yen. However, profit from main business activities is still expected to increase by 8.1% to VND11,747 billion.

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