Airports Corporation of Vietnam suffers from record loss in Q3
The Airports Corporation of Vietnam (ACV) posted a record loss of over 856 billion VND (37.3 million USD) in post-tax profit in the third quarter, blaming the poor performance on impacts of the COVID-19 pandemic.
Planes parked in Hanoi's Noi Bai International Airport (Photo: VNA)
Hanoi (VNA) – The Airports Corporation of Vietnam (ACV) posted a recordloss of over 856 billion VND (37.3 million USD) in post-tax profit in the thirdquarter, blaming the poor performance on impacts of the COVID-19 pandemic.
This is the biggestquarterly loss since the firm’s initial public offering in 2016. That compared tothe loss of over 356 billion VND in Q2 last year, when airlines had to suspendalmost their entire networks.
The net revenue from salesand service provision stood at around 370 billion VND in Q3, down 74.3 percentyear on year. The firm suffered from a loss of more than 1 trillion VND in corebusiness activities, according to its consolidated financial statement.
Although its net revenuedropped strongly under COVID-19 impacts, the ACV has still had to carry outpolicies supporting airlines.
The ACV earned nearly 500 billion VND in profit in the firstnine months of 2021, but the sum plunged by three times from 2020.
By September 30, itstotal asset value had dropped by over 1.5 trillion VND from the start of this yearto 55.36 trillion VND.
The corporation looks togain more than 10.56 trillion VND in revenue and 2.36 trillion VND in pre-taxprofit in 2021. However, after nine months, it had fulfilled just almost 36percent and 26 percent of the respective targets./.
Construction of the expanded Dien Bien airport project is scheduled to begin in December 2021 and finish at the beginning of the fourth quarter of 2023, according to the Airports Corporation of Vietnam (ACV).
Deputy Prime Minister Le Van Thanh has asked the southern province of Dong Nai to focus on completing ground clearance to speed up the progress of the first phase of the Long Thanh International Airport project.
Vietnam Airlines Group, which includes Vietnam Airlines, Pacific Airlines and VASCO, will restore almost all its domestic flight network after October 20, as many localities have eased travel restrictions.
The upgrade of Terminal T2 of Noi Bai International Airport in Hanoi will need more than 4.98 trillion VND (218.5 million USD) so as to raise its annual capacity from 10 million to 15 million passengers, according to the Airports Corporation of Vietnam (ACV).
Construction of passenger terminal T3 of Tan Son Nhat International Airport in Ho Chi Minh City will start in December, according to the Airports Corporation of Vietnam (ACV).
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Planes parked in Hanoi's Noi Bai International Airport (Photo: VNA) 
