Leadership Shakeup at Vietnam Airports Corporation

The Airports Corporation of Vietnam (ACV) Board of Directors has undergone significant changes following its appointment as the investor for Phase 2 of the Long Thanh International Airport project.

According to the minutes of an extraordinary shareholders’ meeting held in January, shareholders approved the dismissal and appointment of several leadership positions. Specifically, ACV dismissed Mr. Dao Viet Dung from his position as a member of the Board of Directors, allowing him to focus on his role as the Deputy Secretary of the ACV Party Committee.

The dismissal of Mr. Dao Viet Dung was based on ACV’s organizational requirements and the directives of the state-owned enterprise’s representative body regarding personnel matters.

Conversely, the extraordinary shareholders’ meeting unanimously elected Mr. Nguyen Tien Viet, Deputy General Director of ACV, as a new member of the Board of Directors.

Mr. Nguyen Tien Viet, aged 53, holds a Master’s degree in Civil Engineering and a Bachelor’s degree in Bridge and Road Construction. He currently serves as the Deputy General Director in charge of ACV’s executive board and is the Director of the Long Thanh International Airport Project Management Board.

Additionally, ACV dismissed Mr. Luong Quoc Binh from his position as a member of the Supervisory Board and appointed Ms. Phan Cam Tu as his replacement. Ms. Phan Cam Tu, aged 50, holds a Bachelor’s degree in Economics. Prior to her appointment, she served as the Head of Asset Management at ACV’s Finance and Accounting Department.

On January 9th, the Ministry of Construction issued Decision No. 26/QĐ-BXD, appointing ACV as the investor for Phase 2 of the Long Thanh International Airport project, excluding technical infrastructure works for flight operations, which will be managed by the Vietnam Air Traffic Management Corporation.

The Ministry of Construction tasked ACV with preparing a feasibility study report for Phase 2 of the project, including the possibility of phased investment in various works to meet operational demands.

The Ministry of Construction instructed ACV to allocate sufficient capital for the investment in Phase 2 works, ensuring quality, timely completion, and investment efficiency, while preserving and growing state capital within the enterprise. ACV is also required to closely coordinate with the Vietnam Air Traffic Management Corporation during the preparation and investment phases of the project.

The Long Thanh International Airport project consists of three phases. Phase 1 involves the construction of two runways in the northern area and a passenger terminal with auxiliary facilities, designed to handle 25 million passengers and 1.2 million tons of cargo annually.

Phase 2 will include the construction of an additional runway with an open configuration and another passenger terminal, increasing capacity to 50 million passengers and 1.5 million tons of cargo per year. Phase 3 will complete all project components to achieve a capacity of 100 million passengers and 5 million tons of cargo annually.