ACV to sign strategic agreement with French airport

The Airports Corporation of Vietnam (ACV) plans to sign a strategic partnership agreement with French airport authority Aéroports de Paris (ADP) in March this year.

                 At Tan Son Nhat airport (Source: VNA)

In a draft resolution prepared for its first shareholders’ meeting in HCM City last year, ACV said the initial price of the shares was expected to be 13,100 VND (58 US cents) each.

With this share volume and price, ADP will hold some 7.4 per cent of ACV’s total equity of 22.4 trillion VND. If the agreement is successful, the French company will be restricted in transferring its shares for at least 10 years.

ACV will be the country’s second aviation firm to have a strategic partner. The first one is national carrier Vietnam Airlines, which completed negotiation and signed a strategic partnership agreement with Japan’s All Nippon Airways last year, according to a conference held by the Ministry of Transport on January 9.

Speaking at the conference, which reviewed the transport sector’s work in 2016 and plans for this year, deputy minister Nguyen Ngoc Dong said the ministry had prepared plans and conducted transaction of shares on the stock markets for equitised corporations.

Dong said there were 37 equitised companies listed on the stock market last year with the total value of 35 trillion VND.

The ministry last year transferred its State ownership rights at Thang Long Joint Stock Corporation and eight joint stock companies operating in domestic waterway maintenance and management to the State Capital Investment Corporation.

It also divested 2.3 trillion VND from 22 joint stock companies and 262 billion VND from 17 subsidiaries of the ministry’s parent corporations.

Source: Vietnamplus

Other news

Most view

Manufacturing tyres in the Southern Rubber Industry Joint Stock Company-Casumina  (Photo: Sggp)

Rubber tyres made in Vietnam sold worldwide

Made-in-Vietnam tyres have been exported to 128 countries throughout the world, reached US$920 million in 2017, according to the Vietnam Rubber Association (VRA).

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.