HÀ NỘI — The Ministry of Finance's Inspectorate has concluded the 2023 financial audit of the Airports Corporation of Việt Nam (ACV), highlighting shortcomings in financial management, accounting, and tax obligations.

One of the issues is that ACV is currently a creditor to four domestic airlines, with overdue debts totalling more than VNĐ5.7 trillion (US$223 million) as of December 31, 2023.

Specifically, Bamboo Airways tops the list with overdue debt of VNĐ2.1 trillion, followed by VietJet (VNĐ1.2 trillion), Vietnam Airlines (VNĐ1.2 trillion), Pacific Airlines (VNĐ839.3 billion) and Vietravel Airlines (VNĐ244.5 billion).

These are service fees collected for passenger services and security for passengers and luggage, which ACV has authorised airlines to collect from customers.

ACV attributed the surge in overdue debt to COVID-19, which disrupted routes, impacting revenue, cash flow, and debt repayment.

The Ministry of Finance's Inspectorate has required ACV to repay nearly VNĐ6 billion, improve its capital investment plan, reconcile overdue receivables and payables, recover debts, and adjust corporate income tax. — BIZHUB