Vietnam considers sale of Phu Quoc Airport

GMT 16:27 2014 Friday ,31 October

Arab Today, arab today Vietnam considers sale of Phu Quoc Airport

Phu Quoc Airport on Phu Quoc
Ho Chi Minh City - XINHUA

Phu Quoc Airport on Phu Quoc Island in Vietnam's southern Kien Giang province, is considered to be put up for sale so that the Airports Corporation of Vietnam (ACV) can raise funds for other airport projects, according to an ACV official.
Vietnam's Ministry of Transport is considering transferring several airports to other investors, and Phu Quoc Airport will likely be the first to change hands, local Saigon Times daily reported Friday, quoting ACV general director Le Manh Hung as saying.
He also said that the transport ministry wants participatory development of the aviation sector, from infrastructure investments to human resource training. Following the ministry's policy, ACV is working towards selling Phu Quoc Airport.
The airport, developed at a cost of 3 trillion VND (141.2 million U.S. dollars), was put into operation on Dec. 15, 2012 and is the first international airport invested by ACV.
Phu Quoc Airport is expected to serve 2.65 million passengers per year by 2020 and up to 7 million passengers by 2030. In the Jan.-Aug. period, the airport handled 5,632 flights with more than 666,000 passengers, which is expected to hit one million by the end of this year, up 45 percent against last year.

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