Government issues decree on airport management
The Government has issued Decree No 102/2015/ND-CP on the management and operation of airports in Vietnam.
Illustrative photo. (Source: VNA)The Government has issued Decree No 102/2015/ND-CP on the management and operation of airports in Vietnam.
The decree sets out the principles and responsibility of agencies and units to manage, plan and operate airports.
The decree also includes regulations on opening and closing procedures for airports; the management and operation of airports and nearby areas, and shared airports for military and civilian purposes; sales, collateral, rental and capital contribution with assets related to airport land; and business activities in airports.
The minimal capital for establishing and maintaining the operation of airport enterprises that provide aviation services is 200 billion VND (8.9 million USD) for international airports and 100 billion VND for domestic airports.
The companies that operate passenger terminals, runways, aprons and warehouses; and those that ensure flight activities run smoothly, such as air traffic control, information, navigation aid, supervision and weather observation need to have a minimum of 30 billion VND (1.34 million USD).
The minimum capital for enterprises that repair and maintain airport devices, technical services and security services is 10 billion VND (445,000 USD).
The decree stipulates that all companies operating in airports must be Vietnamese entities and enterprises that provide air traffic information, news, and search and rescue information must be owned by the State.
Companies that manage apron areas, news services, navigation aid, supervision, and weather observation must be at least 65 percent State-owned.
Foreign ownership is not allowed to exceed 30 percent in companies that manage passenger terminals, goods terminals, gas and oil supply, and ground commercial technical services. Airlines are not allowed to own more than 30 percent of charter capital in airport enterprises, and enterprises that manage passenger and goods terminals.
The decree will take effect from December 12, 2015.-VNA
You should also see
Dien Bien province's tourism sector aspires to "take off"
The northern mountainous province of Dien Bien aims to become a national cultural, historical and ecological tourism hub by 2050, towards international standards with strong growth of trade services.
See more
Business
Government’s action programme cracks down on illegal fishing
A raft of measures to deal with illegal, unreported and unregulated (IUU) fishing is included in the Government’s freshly issued action programme as the country is striving to clamp down on illegal fishing, or else it will be hit by the European Commission (EC)’s warning card.
Business
Vietnam - an enticing destination for foreign investors: IMF expert
Vietnam is an attractive destination for foreign investors thanks to its high, stable growth, large domestic market and young, well-educated human resources, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam at the Annual Meetings of the IMF and the World Bank Group (WB) held recently in the US.
Business
More efforts needed to maintain export growth to China: Insiders
Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
Business
Banks propose raising small loan cap to 400 million VND
Credit institutions have proposed to raise the cap of small loans not requiring feasible capital use plans and related person information from 100 million VND to 400 million VND (15,710 USD).
Business
Demand for prime retail space on the rise in HCM City’s downtown: Savills Vietnam
Luxury brands are looking for high-quality retail space in District 1 - the downtown area of Ho Chi Minh City, according to Savills Vietnam.
