Apr 30, 2015

Vietnam may outsource airport management.

HANOI : Vietnam may turn over Phu Quoc International Airport to the private sector to manage as part of a project to privatise some of the country’s main airports, this week Saigon Times reported earlier .

besides, there is also a proposal on the table to allow a private company to manage the domestic terminal at Noi Bai International Airport in Hanoi.

Quoted the Ministry of Transport, Saigon Times saying it was studying a business model that would transfers airport management to private firms. The suggestion for Phu Quoc island airport which is off mainland Kien Giang province and Terminal 1 at Hanoi’s Noi Bai would comply with a government decree that opened the way for public-private partnerships in transport and aviation.

However, it is still a long way off and would require private firms to file tender bids. Althought, it is still not clear if the companies bidding could have foreign investment partners.

An independent consultant will be hired to assess airports and estimate the revenue stream that the government could expect from private firms managing airports.

T&T Group had written to the ministry proposing that it buy Phu Quoc airport, saying it would establish a unit to operate the airport if approved. VietjetAir and Vietnam Airlines have also shown interest in managing Hanoi terminal 1.


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