The Airport Corporation of Viet Nam (ACV), the largest enterprise in the domestic transport sector, has proposed an investment plan of VND31 trillion (US$1.36 billion) for the period between 2016 and 2020.

The firm, which manages 22 of the country’s international and domestic airports, said it will prioritise investment resources for terminals with high passenger growth, which have a potential of developing the country’s economics and tourism and significance in national security and defence.

ACV will focus on investment projects to improve road system access to airports, and equipment systems at HCM City’s Tan Son Nhat, Da Nang and Ha Noi’s Noi Bai airports. The plan also aims at expanding parking spaces at Tan Son Nhat, Da Nang, and Noi Bai, and other airports. The expansion of passenger terminals, enlarging aircraft parking areas and upgrading the runways at Phu Quoc airport in Kien Giang Province are also included in the plan.

ACV’s Deputy General Director Do Tat Binh, quoted in Vneconomy.vn, said that the corporation has submitted its investment scheme to the Ministry of Transport, and was awaiting implementation permission from the Prime Minister. In principle, the investment capital for flight-related facilities will be wholly funded by the State budget.

By the middle of 2016, ACV had asked the ministry to consider adjusting the rates for some aviation services, which apply to domestic flight routes at seven airports, including Tan Son Nhat, Noi Bai, Da Nang, Cam Ranh, Phu Quoc, Vinh, Phu Bai from January 1, 2017. However, the proposal has not been accepted by the ministry, yet.

Viet Nam News sought comment on the plan from ACV, but was unable to contact the agency. — VNS