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
