The Vietnam Aviation Academy will be equitised this year. (Source: panoramio.com)

Hanoi (VNA) – The plan for the equitisation of the Vietnam Aviation Academy (VAA) will be completed before October 31 to submit to the Ministry of Transport (MoT) for approval, according to Vu Anh Minh, head of the Enterprises Management Department under the MoT.

Minh, also head of the steering committee for the equitisation of the university, said the VAA has signed a contract with the Southern Auditing and Accounting Financial Consultancy Service., Ltd (AASCS) on assessing its value as of the date of March 31, 2016.

In order to ensure the progress of the equitisation plan, in August, the VAA will complete the dossier on its valuation to submit to the MoT for approval and publish the information on September 30 at the latest.

The head of the Enterprises Management Department stressed that the plan will also include a business plan for the first three years following the equitisation.

The VAA was established in 2006 on the basis of the Vietnam Aviation School and operates under the management of the MoT. -VNA