Decree clarifies regulations for domestic airport management

Wednesday, Oct 28, 2015 14:17

An image of terminal T1 in Noi Bai International Airport. — Photo

HA NOI (Biz Hub) — Airlines can hold a maximum of 30 per cent of the charter capital of airports and passenger and goods terminals in Viet Nam, a government decree issued recently said.

Decree 102, which comes into effect on December 12, aims to clarify regulations related to the management and use of domestic airports.

Earlier, national carrier Vietnam Airlines and low-cost carrier Vietjet Air asked the transport ministry to allow them to buy the operational rights of terminal T1 in Noi Bai Airport.

Foreign investors who want to invest in the sector, which includes airports and terminals, airport services, information and supervision, besides oil supply and aviation meteorology service, can own a maximum 30 per cent of the businesses' capital. Meanwhile, the state-owned capital in these businesses will not be less than 65 per cent.

The businesses with wholly-owned state capital will manage air traffic, aviation news reports and search and rescue services.

The decree said aviation and aviation service businesses in airports will be Vietnamese entities. They will have a minimum capital of VND200 billion (US$8.99 million) if they set up businesses at international airports and VND100 billion ($4.49 million) for businesses in domestic airports. — VNS

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